Togolese state to spend over CFA17.6 billion on fertilizer subsidies this year

Agriculture
Thursday, 12 May 2022 16:46
Togolese state to spend over CFA17.6 billion on fertilizer subsidies this year

(Togo First) - The Togolese state will spend 17.68 billion CFA on fertilizer subsidies in the 2022-2023 agricultural campaign. The figure was disclosed on May 9, by the Center for Input Supply and Management (CAGIA).

Already, the government said it has purchased 76,000 t of fertilizer for the campaign. It will pay a CFA13,000 subsidy for the 50-kg fertilizer bag which will thus cost farmers CFA18,000. "Today, the unsubsidized fertilizer bag costs CFA31,000. But the state subsidizes each bag to keep the price at an acceptable level,” said Nana Adam Nanfamé, general manager of CAGIA.

During the past season, the same bag was sold at CFA12,500. Authorities attribute the price increase to higher input costs at the global level, noting the fertilizer price surged from $290 to $1,000 between 2020 and 2022 due to Covid-19 and the war in Ukraine.

Esaïe Edoh

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