The Central Bank of Nigeria has insisted that the 2.15 million bags of fertiliser it donated to the Federal Ministry of Agriculture and Food Security are free for all Nigerian farmers.
This was disclosed in the apex bank’s Frequently Asked Questions, published over the weekend.
Last week, the CBN announced the donation after a meeting with the Minister of Agriculture and Food Security, Abubakar Kyari.
The CBN noted that the decision aims to support domestic agricultural production rather than allow the fertilizers to remain unused and go to waste amid rising food inflation.
Responding to whether the fertilizers were sold to the Agriculture Ministry and at what price, it said:
“No, the fertilizers were not sold; they were a donation to the Federal Ministry of Agriculture and Food Security.
“The fertilizers are donations from the CBN to Nigerian farmers, so they will be distributed free of charge to farmers across the country.”
Alleluia is the Assistant Editor and Content Writer at LagosPost.ng. She is a prolific writer and editor, she has written features and news stories on Lifestyle, Sports, Business, Politics and B2B marketing. She is also an event coordinator, host and social media content creator.
