Togolese government disburses CFA500 million to pre-finance fertilizer purchase for struggling farmers

Agriculture
Tuesday, 07 June 2022 17:35
Togolese government disburses CFA500 million to pre-finance fertilizer purchase for struggling farmers

(Togo First) - In Togo, vulnerable farmers will receive CFA500 million worth of NPK 15-15 and Urea fertilizer from the ANSAT throughout the 2022-2023 agricultural campaign. The State-run agency started distributing the product last weekend in the Tchamba prefecture (Central region). 

The fertilizer was obtained from the Central Supply and Management of Agricultural Inputs (CAGIA).

According to ANSAT’s boss, Ouro Koura Agadazi, the move comes as farmers struggle to get fertilizer, though the government has reduced its price to CFA18,000 with subsidies.

Lomé hopes that the support will help restart all agricultural sectors, improve food security and achieve food sovereignty, amidst surging inflation spurred by the Ukraine-Russia war. 

Farmers who will benefit from the project can repay in kind the value of fertilizer they obtained, credible sources note. 

This season, the government has spent over CFA17 billion on fertilizer subsidies to help farmers. The subsidized 50 kg bag is sold at 18,000 CFA francs. Without subsidy, it would normally go for 31,000 CFA francs, the government said.

Esaïe Edoh

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