NSIA revives 11 fertilizer plants with N36bn

A total amount of $100m (N36bn) has been invested by the Nigeria Sovereign Investment Authority in fertilizer plants under the Presidential Fertilizer Initiative. The PFI, which is an idea of President Muhammadu Buhari, is aimed at boosting farming output and reducing the economy’s dependence on oil. Figures obtained from the NSIA showed that the fund…