The prices of fertilizers in Nigeria depend on the type of fertilizer, place of purchase, weight of fertilizer and the blend of fertilizer. For example, the price of NPK 15:15:15 fertilizer is ₦24,000 - ₦30,000.
The price of 50kg urea fertilizer is ₦22,000 - ₦26,000. The price of 25kg calcium nitrate fertilizer is ₦30,000 - ₦40,000. The price of 25kg potassium nitrate fertilizer is ₦40,000 - ₦80,000.
The table below shows the prices of fertilizers in Nigeria:
Prices of Fertilizers in Nigeria (₦)
NPK 15:15:15 (50kg) - Indorama
NPK 12:12:17 (50kg) - Indorama
NPK 20:10:10 (50kg) - Indorama
NPK 20:20:20 (50kg) - Indorama
NPK 15:15:15 (50kg) - TAK Agro
NPK 12:12:17 (50kg) - TAK Agro
NPK 20:10:10 (50kg) - TAK Agro
NPK 20:20:20 (50kg) - TAK Agro
NPK 15:15:15 (50kg) - Artal
NPK 12:12:17 (50kg) - Artal
NPK 20:10:10 (50kg) - Artal
NPK 27:13:13 (50kg) - Artal
NPK 20:20:20 (50kg) - Albarka
NPK 15:15:15 (50kg) - Albarka
NPK 15:15:15 (50kg) - Golden
NPK 12:12:17 (50kg) - Golden
NPK 20:10:10 (50kg) - Golden
NPK 27:13:13 (50kg) - Golden
Calcium Nitrate (25kg)
Potassium Nitrate (25kg)
Single Super Phosphate (50kg)
Mono Ammonium Phosphate (25kg)
Mono Potassium Phosphate (25kg)
Diammonium Phosphate DAP (50kg)
Urea Fertilizer (50kg) - Indorama
Urea Fertilizer (50kg) - Dangote
Urea Fertilizer (50kg) - Notore
Factors affecting the prices of fertilizers in Nigeria
The following are the factors affecting the prices of fertilizers in Nigeria:
Cost of Raw Materials
The cost of raw materials used for the production of fertilizers affect the final retail prices of the fertilizers. Prices of raw materials like phosphate vary globally.
Cost of Power
Fertilizer production requires power or electricity, particularly for processes like ammonia synthesis. Changes in the price of energy like that of natural gas, can impact the overall cost of production and subsequently impact the prices of fertilizers.
Nigeria has been battling with exchange rate problems for several years now. This has negatively affected the naira rate against the US dollar rate. The depreciation of the Naira has led to high import prices. This has also increased the prices of fertilizers as some of the raw materials used for the production of fertilizers are imported.
Government policies and subsidies can significantly impact fertilizer prices. If the government provides subsidies to farmers or fertilizer manufacturers, it can help keep prices lower. However, changes in subsidy policies can lead to price fluctuations.
Transportation and Distribution Costs
The cost of transporting fertilizers from manufacturing facilities to distribution points and then to retail outlets can affect the final price. Nigeria suffers from problems like high fuel prices, poor road infrastructure, and poor logistics efficiency, these problems add to the prices of fertilizers in Nigeria.
Agricultural cycles and planting seasons can affect demand for fertilizers. Prices might rise before planting seasons due to increased demand.
Do you use fertilizers in Nigeria? If yes, why not share with us the prices of fertilizers in Nigeria in the comments’ section.
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