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Home Economy Agri Business

Why Nigeria Needs To Harmonise Its Fertiliser, Agrochemicals Standards

by John Adegwu
2 years ago
in Agri Business, Lead-In
Reading Time: 3 mins read
Fertiliser
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The 2019 National Fertilizer Quality Control Act has created emerging opportunities for the stakeholders to reposition  the fertiliser sector. 

Through the effective implementation of the law, experts believe that sanity will be restored to the one time industry marred by some sorts of fraud and adulterated fertilizer and agrochemicals. 

For instance, the law empowers the Farm Input  Support Services department of the Federal Ministry Agriculture and Rural Development, to within 30 days, issue license or certificate to qualified applicants, who want to participate in the fertiliser industry and  where such certificates are not to be issued, the reasons must be made clear why such applicants cannot get the certificate.

In the law, manufacturing blending, importing or distributing of unbranded or misbranded fertiliser is a serious offense; dealing in adulterated fertiliser, offering for sale fertiliser that is underweight, selling condemned fertiliser or diverting or converting fertilizer, or flaunting a ‘stop-sale’ order. All of these carry a minimum of five years imprisonment without an option of fine.

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Similarly, the use of destructive ingredients or harmful properties in fertilisers, conversion or diversion of fertilizer, sale of unbranded or misbranded fertiliser  and obstruction of authorised officers for inspection constitutes a serious violation of the law. 

Through this new law, farmers are also empowered to claim damages from violators and in the case were they suffers losses, he/ she can approach any of the aforementioned courts as the law authorizes the courts to award compensation to protect such farmers who have suffered from the violation of the law. 

However, for smooth implementation, there is a need to harmonise fertiliser standardisation methods in Nigeria  to allow uniformity in formulas and product testing. 

Additionally, there is need for fertiliser regulation necessary to obtain samples of fertiliser from different points in the distribution chain and to determine the chemical composition and some physical properties of these products. 

According to a Professor of Soil Science at the Ahmadu Bello University, Zaria, Amapu Ishaku, all service laboratories involved in fertiliser production and monitoring regardless of size, should be designed in a manner to facilitate operational efficiency, minimise contamination, and produce reliable and repeatable results. 

This, according to him,  will help in minimising errors  due to contamination, reagent quality, environmental differences, operator errors, and instrument calibration are common occurrences. 

Equally important is the need to intensify efforts already in place by the Farm Inputs Surport Services (FISS) department of the Federal Ministry of Agriculture and Rural Development to step up initiative aimed to harmonise standardisation of methods for fertiliser and agrochemicals production in Nigeria.

The move  should part of strategies designed by the department to ensure smooth implementation of the 2019 National Fertilizer Quality Control Act. 

At a stakeholders’ workshop on the Evolving Trends in Analytical Equipment, Methods and Standards for Fertilizer and Agrochemicals recently in Abuja, the deputy director, FISS, Ishaku Ardo Buba, told journalists that the Act stipulates  stringent punishment for the violators and wouldn’t be a business as usual for those engage in the business of adulteration as he argued farmers to report violators. 

He said, “We are here as part of the process to harmonise the system they are using, the methodology because once we put stop sale order, we carry the minimum of two or three labs, they will do independently and give us a result, so  if there’s a conflicting results will go to the national reference lab, which will be able to give us the final result. 

“So what we have done now is to bring together all the laboratories in Nigeria and the research institutes, come let’s harmonise our method, let’s use the same methodology, the same reagent on whatever that comes out at the end, we’ll be able to say yes, if two or three labs give us a result, at least we’ll be able to say out of the two, maybe they are similar or what  are other factors that may affect the quality of the result.

 “Once you get everybody documented and they are operating on the platform, their behaviour can be checked on the platform, the technology has come and we are going to be able to check the behaviour of the various value chain players along the input or fertiliser chain.”

 

Tags: Agrochemicals StandardsFertiliser
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Providus Bank has acquired the 34% equity stake held by the Asset Management Corporation of Nigeria (AMCON) in Unity Bank Plc, marking a decisive step toward the long-anticipated merger between the two financial institutions. The deal, valued at about N6.5 billion, saw AMCON offload its decade-old holding in Unity Bank to Providus at a price of N3.18 per share, representing a 110per cent premium to the bank’s prevailing market value of N1.50 on the Nigerian Exchange. Industry analysts said the transaction signals a turning point for Unity Bank, which has faced prolonged struggles with weak capitalisation, rising non-performing loans, and declining market relevance. By transferring AMCON’s strategic stake, they noted, Providus has strengthened its hand as it pushes for regulatory approvals to consummate a full merger. AMCON acquired its Unity Bank stake during the 2011–2012 banking sector clean-up after the global financial crisis exposed balance sheet vulnerabilities across second-tier lenders. Its divestment, according to banking sources, underscores the corporation’s gradual exit from long-held equity positions as it focuses on recovering toxic assets and reducing its systemic footprint. “AMCON’s sale to Providus is significant not just for Unity Bank but for the entire financial system,” said a Lagos-based investment banker. “It shows the government is serious about cleaning up legacy interventions while paving the way for stronger private-sector-led banks.” Unity Bank shareholders are set to benefit from the deal’s pricing structure. At N3.18 per share, Providus’ offer more than doubles the bank’s trading value, giving investors a rare premium exit in a market where bank stocks often trade at steep discounts. For minority shareholders, the merger if approvedcould also unlock value by combining Providus’ niche strength in corporate banking and digital services with Unity Bank’s broader retail and SME base. Providus, one of Nigeria’s fastest-growing mid-tier lenders, is widely seen as using the Unity Bank deal to accelerate its ambition of achieving national bank status. By absorbing Unity’s branch network and customer base, the lender would scale its operations beyond its current limited licence, positioning itself to compete more aggressively with tier-one institutions. “The synergies are clear,” said a senior Unity Bank executive familiar with the talks. “Providus brings balance sheet strength and digital innovation, while Unity offers reach and brand equity, especially in northern Nigeria.” Following AMCON’s divestment, the proposed merger will be subject to approval from the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and Unity Bank shareholders. Both banks are expected to present a detailed merger scheme in the coming months, outlining share swap ratios, post-merger governance, and capital plans. Market watchers say regulatory scrutiny will focus on whether the combined entity meets CBN’s revised recapitalisation thresholds, which mandate higher minimum capital bases for Nigerian banks. The Providus–Unity transaction comes amid a wave of consolidation moves triggered by the CBN’s ongoing recapitalisation drive. Several lenders are exploring mergers, acquisitions, or fresh capital injections to meet compliance deadlines ahead of 2026. “This is the first big-ticket transaction of the recapitalisation era,” said a financial markets analyst. “It won’t be the last.”

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