Togo : Government to spend CFA1.5 billion in 2019 on fertilizer subsidies

Agriculture
Wednesday, 05 December 2018 14:06
Togo : Government to spend CFA1.5 billion in 2019 on fertilizer subsidies

(Togo First) - Under its 2019 State budget, Togo’s government will spend CFA1.5 billion on fertilizer subsidies for farmers, Togo First learnt.

The sum will in effect be managed by the agricultural input management and supply center (CAGIA) and be used to purchase 35,400 tons of fertilizers.

The move should benefit 125,000 vulnerable farmers, authorities promised.

In Africa, Togo is one of the countries which subsidize fertilizers the most. Indeed, each year, the State subsidizes more than 30% of the price of 50kg fertilizer bags. The subsidized bag is sold at CFA9,000, against CFA13,000 non-subsidized. 

Fiacre E. Kakpo

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