Farmers Braced for Possible Fertiliser Price Surge

Agricultural stakeholders in Nigeria are raising concerns over a potential rise in fertiliser prices as the new planting season approaches. Industry experts say global market fluctuations and supply chain challenges could drive up costs, putting additional strain on farmers.

Fertiliser producers claim they are prepared to meet domestic demand, having secured significant stockpiles ahead of the season. However, they caution that international instability, especially in key raw material-exporting regions, could still affect prices locally.

Farmers’ associations have urged the government to consider interventions, warning that even a moderate increase in fertiliser costs may reduce access to essential inputs and threaten crop yields.

Policy makers are reportedly evaluating strategies to shield farmers from price shocks, including subsidies and supply monitoring, in order to maintain stability in the agriculture sector.