FG Clears N65b Fertiliser Debt,

September 5, 2016


By Dipo Olowookere

The Federal Government has settled a debt of N65 billion owed suppliers of fertilisers from the past administration.

Senior Special Assistant on Media and Publicity to President Muhammadu Buhari, Garba Shehu, disclosed on Monday in Abuja that the government had to pay off the debt for suppliers of fertilizers to commence supply again.

However, Mr Shehu criticised the immediate past administration of President Goodluck Jonathan its failure to pay the suppliers after buying fertilisers worth N65 billion since 2014 from them.

The presidential aide attributed the current food crisis in the country to some of the unpopular policies of the past administrations.

According to him, the current pain is due to the mismanagement of the past and that what Nigeria is currently experiencing was inevitable.

He said the President Muhammadu Buhari-led administration was simply being honest with the people instead of piling up debts and concealing the truth by pretending all was rosy.

“This government believes that Nigerians deserve to know the truth. People stole unbelievable amounts of money. The kind of money some of these ex-officials hold is itself a threat to the security of the state.

“Since it is not money earned, they feel no pain deploying just anyhow to thwart genuine and well-intentioned government efforts.

“Sadly, even that which was not stolen was wasted. Government coffers were left empty, with huge debts unpaid and unrecorded (this government is working to quantify the amount owed).

“Even the current high food prices can be traced to past deceit. For example, the previous government purchased fertilisers in 2014, worth N65 billion and left the bill unpaid.

“In 2015 the suppliers could not supply fertilisers which resulted in a low harvest, shortages and high food prices.

“This government had to pay off the debt so that the suppliers could begin to supply fertilisers again,” Mr Shehu said.

He expressed optimism that Nigeria had started witnessing another era of green revolution as Nigerians across the country were going back to the farms, from rice in Kebbi and Ebonyi to Soya and Sesame in Jigawa and Kano.

The presidential aide said that at the same time, Nigerians were looking inwards to identify commercial opportunities from agri-business.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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