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Jigawa Spends N650m on Fertiliser, Chemicals

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Agriculture - Investors King
  • Jigawa Spends N650m on Fertiliser, Chemicals

The Jigawa State government has bought agriculture input worth N650 million for sale to farmers at subsidised rate during the farming season.

The General Manager, Jigawa Agricultural Supply Company (JASCO), Alhaji Mohammed Lana stated this during an interview in Dutse.

He explained that the input included assorted fertiliser, farm chemicals, made up of herbicides, pesticides and fungicides.

According to him, N550 million was spent on the procurement of 500 metric tonnes of while N100 million was spent on 6000 litres of farm chemicals.

Lana said the input had been kept at JASCO stores across the 27 Local Government Areas of the state for farmers to buy.

“Each bag of NPK fertiliser costs N7,500 in the open market but the state government sells to farmers at N5,500 only, indicating a subsidy of N2000.

“The aim of the present administration in the state is to encourage farmers to produce more food for local commercial and commercial purposes,” he said.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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