Abuja: The Ministry of Finance Incorporated (MOFI) has announced its commitment to sustaining strategic reforms for the Presidential Fertiliser Initiative (PFI) 3.0, maintaining a focus on year-round operations across the nation. This announcement was made by the Managing Director and Chief Executive Officer of MOFI, Dr Armstrong Takang, in a statement released by the Executive Director, Portfolio, Mr Tajudeen Ahmed.
According to News Agency of Nigeria, Takang highlighted that the ongoing reforms aim to enhance availability, improve cost efficiency, and ensure stronger traceability to prevent hoarding and diversion of fertilisers. A key priority of these reforms is to accelerate local sourcing, increasing the proportion of domestically produced inputs in the coming years. This shift is expected to strengthen Nigeria’s agro-industrial base and reduce reliance on unpredictable imports.
MOFI is set to take over operational management from the Nigeria Sovereign Investment Authority (NSIA) by November 2025. This transition aims to strengthen governance and ensure seamless continuity as the programme enters its next, more ambitious phase. The central mission of PFI 3.0 remains providing Nigerian farmers with timely, affordable, and reliable access to fertilisers, thereby building a more resilient and dependable supply system.
Takang emphasized that the PFI extends beyond just supplying volumes. The initiative is focused on creating a system that shields farmers from global market shocks, fostering confidence for long-term agricultural planning. The PFI exemplifies public-private collaboration to address complex national challenges and showcases Nigeria’s capacity for strategic reform. Since its inception, the PFI has facilitated the production of over 128 million bags of fertiliser, delivered directly to farmers.
The Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) has confirmed that a growing network of blending plants is crucial for sustained output. The number of operational blending plants has increased to over 90, providing a total blending capacity of up to 13 million metric tonnes. This infrastructure ensures consistent availability of fertilisers, reduces transportation costs, and addresses farmers’ concerns about rising prices, which industry leaders attribute to foreign exchange volatility and global raw material costs.
The PFI is preparing for its third phase, PFI 3.0, endorsed at the August stakeholder roundtable in Abuja. Between 2022 and 2025, 48 distinct vessels delivered essential raw materials for fertiliser blending under the initiative. By 2025, ten vessels had already discharged over 560,000 metric tonnes of inputs at Nigerian ports, laying a foundation for robust production and stability across Nigeria’s fertiliser value chain.
The PFI remains a flagship programme of the Federal Government, designed to provide farmers with reliable and affordable access to high-quality fertilisers.