The Ministry of Finance Incorporated (MOFI) has pledged to sustain reforms under the Presidential Fertiliser Initiative (PFI) 3.0 to ensure year-round nationwide operations, starting from November 2025.

The reforms are designed to make fertiliser more available and affordable for Nigerian farmers, reduce reliance on imports, and build resilience against global market shocks.

Dr Armstrong Takang, Managing Director and Chief Executive Officer of MOFI, said the initiative would enhance traceability to curb hoarding and diversion while driving local sourcing of inputs.

He stressed that strengthening domestic production would reduce Nigeria’s dependence on unpredictable imports and solidify the country’s agro-industrial base.

MOFI is set to take over the operational management of PFI from the Nigeria Sovereign Investment Authority (NSIA) in November 2025. 

The shift, according to Takang, will improve governance and provide continuity as the programme enters a more ambitious phase.

Over 4.5 million metric tonnes of fertiliser were produced between 2021 and 2024. Since its inception, the initiative has delivered more than 128 million bags of fertiliser to farmers.

The number of blending plants across the country has risen to over 90, boosting production capacity to about 13 million metric tonnes.

Farmers have raised concerns about rising fertiliser prices, but industry leaders clarified that the pressures stem from foreign exchange volatility and global raw material costs, not domestic shortages.

To stabilise supply, 48 vessels delivered key raw materials between 2022 and 2025, with 10 vessels already discharged in 2025, bringing in more than 560,000 metric tonnes of inputs.

“The PFI is building a resilient system that shields farmers from global shocks and supports long-term planning,” Takang said. 

“It is also a model of public–private collaboration solving national challenges.”

Source: NAN

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