President Uhuru Kenyatta has announced a reduction in prices of subsidized fertilizer to spur productivity and close the cycle of food shortages.
He said the cost of a 50 kilogram bag of DAP fertilizer will retail at Kshs. 2000 down from Kshs. 2,480, NPR fertilizer at Kshs. 2000 down from 2,300, CAN at Kshs. 1500 instead of Kshs 1,600 while a 50 kilogram bag of Urea fertilizer will be sold at Kshs . 1500 instead of Kshs. 1,800.
The President disclosed that 143,000 Metric Tonnes of fertilizer worth Kshs. 7.2 billion has been purchased this year to be distributed countrywide under the Government's fertilizer subsidy programme.
"We have begun to distribute the fertilizer well before the long rains, and in larger quantities than ever before. Farmers throughout the country will have the fertilizer in time, and at prices they can afford," the President said.
He spoke at Egerton University in Njoro when launched the national soil test results and flagged-off distribution of subsidized fertilizer.
The President said the Government has established a Seed and Fertilizer Development Fund with an initial investment of Kshs. 3 billion, which will gradually rise to Kshs. 15 billion over the next five years to support the fertilizer programme.