GGC MD talks about the new fertilizer price –


Muhammed Njie, managing director of the National Food Security Processing and Marketing Corporation, formerly Gambia Groundnut Corporation (GGC), defended the government price of fertilizers.

“It’s important for me to come forward and clarify because I’ve seen a lot of people use this as a political tool to score political points and it’s wrong. We all know what’s going on in the world right now. We had a meeting recently in Genoi where we invited all the governors, chiefs, managers of Seccos and prominent farmers in the country and explained to them the situation of what is happening,” he said.

In his words, “if you remember a few months ago there was this big ship that got stuck in the Swiss Channel. This was the route taken by many ships to deliver containers and other materials to other countries, but when it happened it affected the whole world. After that, the pandemic also arrived, which led to an increase in prices. Unfortunately also the war in Ukraine is making the situation worse and you know that The Gambia does not manufacture fertilizers, even the farmers know that NPK is not a unique product. And these raw materials are not made by a single country and some parts come from Russia. Thus, the company that manufactures the fertilizer will have to buy these raw materials in these countries and mix them.

He went on to explain “so Russia has been the biggest fertilizer producer, you can’t buy fertilizer from them because if you send money the banks will give you back your money because they are under sanction, which created a lot of pressure. Yesterday I was watching CNN, the finance minister of Nigeria said that Nigeria is struggling to manufacture fertilizers because they don’t have the raw materials.

In The Gambia, “When we compare our price with the regional prices, we realize that we have the cheapest price because our neighboring country, Senegal, sells its fertilizers at more than 3,000 D and the Gambia was also supposed to sell it for more than D3000 but the government subsidizes up to D1000 or more.

“We know it’s difficult, but it’s not just affecting The Gambia, but the whole world. It is not the government’s wish to sell expensive fertilizers to our farmers, it is simply that we have no choice.

“The government is doing everything humanly possible to make sure it solves the problem one way or another,” he added.

Post views:


Comments are closed.