The Federal Government has announced a new phase of the Presidential Fertilizer Initiative (PFI) to guarantee steady and affordable fertiliser supply to Nigerian farmers. Under the new arrangement, the Ministry of Finance Incorporated (MOFI) will assume full management from the Nigeria Sovereign Investment Authority (NSIA) starting November 2025.

Since inception, the initiative has strengthened local blending capacity, with over 90 plants now operational nationwide. Recent shipments delivered more than half a million metric tonnes of raw materials, ensuring year-round operations and reducing dependence on volatile international markets.

Stakeholders, including the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN), welcomed the move, describing it as a step that will cut transport costs, enhance accessibility for farmers, and address challenges such as hoarding and rising foreign exchange costs.