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2018 Fertilizer Industry Report

Overview

Based on a survey by the Federal Ministry of Agriculture and Rural Development (FMARD), 80% of the land used in Nigeria is deficient in key elements such as nitrogen and phosphorous. The nitrogen content is estimated at below 0.1% of the total land being cultivated while the phosphorous content is below 10mg/kg[1].

To address this deficiency, the fertilizer industry in Nigeria has been dependent on import and local production of different types of fertilizer compounds to meet the domestic needs of farmers. The fertilizer compounds being imported are the ‘multi nutrient’ fertilizers, known as the Nitrogen Phosphate and Potash (NPK) blends of fertilizer, which can be used for a wide variety of crops.

In 2016, President Buhari set up the Presidential Fertilizer Initiative (PFI), the administration’s flagship fertilizer policy, to boost the local blending of fertilizer and pare the country’s huge dependence on the imports of blended fertilizer.

The Federal government has also negotiated contracts for the import of other raw materials such as Diammonium Phosphate (DAP) from Morocco, and Potash sourced from Europe[2] for onward supply to industry operators.

In 2017, the market share analysis of the industry remained relatively stable as major players have continued to maintain their market positions. Given the capital intensive nature of the industry, entry of new players has been limited, while the current operators continue to leverage their brands, production capacity and financial strength to compete for market share.

[1] FMARD

[2] https://africanharvesters.com

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This report provides a broad insight of the Nigerian fertilizer Industry. In particular, the report:

  • Examines the Industry’s structure and value chain dynamics, focusing on the various segments and trends.
  • Provides an in-depth evaluation of the drivers of demand and supply of fertilizer within the country.
  • Comprehensive examination of the competitive landscape in Nigeria.
  • Provides an overview of the key regulators and regulations guiding the Industry.
  • Analyses the Industry’s SWOT and provides insights on the industry’s economics.

 

Information that the Report Provides

  • The structure of the Fertilizer Industry including operating dynamics of major industry players.
  • Total revenue generated by fertilizer operators in Nigeria
  • Strengths and weaknesses of key operators in the Industry
  • The market share analysis of the different segments of the fertilizer industry and the key players within each segment.
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