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Government bails out fertiliser firm

    ABIDJAN

    Government has approved a 2.08 billion naira (US $22 million) bail-out of the ailing state-run fertiliser company to save it from collapse, AFP reported quoting Information Minister Dapo Sarumi on Thursday. He said that the cabinet approved the measure on Wednesday to the National Fertiliser Company of Nigeria (NAFCON) in line with a government privatisation plan. The plant is one of major state companies the government plans to sell.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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