Nigeria Looks to Canada for Emergency Potash Supply to Replace Russia
May 4, 2022 ·
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Description
The head of Nigeria’s Sovereign Investment Authority, Uche Orji, says Nigeria bought emergency supplies of Canadian potash in April after the country was unable to import the key fertiliser ingredient...
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The head of Nigeria’s Sovereign Investment Authority, Uche Orji, says Nigeria bought emergency supplies of Canadian potash in April after the country was unable to import the key fertiliser ingredient from Russia due to the impact of Western sanctions.
Reuters reported that the move showed one of many unintended negative consequences of sanctions to punish Russia for its invasion of Ukraine, which it calls a special military operation.
Orji says Nigeria has enough potash inventories to cover 40 per cent of blending demand and bought three cargoes of Canadian potash, which should arrive within the next month.
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Reuters reported that the move showed one of many unintended negative consequences of sanctions to punish Russia for its invasion of Ukraine, which it calls a special military operation.
Orji says Nigeria has enough potash inventories to cover 40 per cent of blending demand and bought three cargoes of Canadian potash, which should arrive within the next month.
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| Author | Africa Business Radio |
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