Globally, fertiliser is, by far, the largest sector of the input market. The International Fertiliser Association (IFA) estimates that between 2015 and 2019, the industry has invested between $86 and $91 billion in new mines and fertiliser producing facilities.
The industry, IFA says, has made a major contribution to employment, and is responsible for almost a million jobs in production around the world.
While fertiliser producers have achieved many milestones in the last decade, more investors are establishing new ammonia and urea plants.
Significantly, the Nigerian fertiliser industry has seen encouraging growth in the number of plants and blending units. This is a result of policymakers and businesses beginning to see the broad socio-economic opportunities that fertiliser can bring.
Speaking with The Nation, the Executive Secretary, Fertiliser Producers Society of Nigeria (FEPSAN), Mr Gideon Negedu, said there were 42 functioning fertiliser blending plants across the country. The plants are Notore Chemical Industries, Rivers State, Indorama Eleme Petro Chemicals Company in Port Harcourt and West Africa Fertiliser Company Okpella, Edo State.
Read more: The Nation Online