The Ministry of Finance Incorporated (MOFI) has reaffirmed its commitment to sustaining strategic reforms under the Presidential Fertiliser Initiative (PFI) 3.0, with a focus on ensuring year-round nationwide operations.
MOFI’s Managing Director and Chief Executive Officer, Dr. Armstrong Takang, stated this in Abuja on Tuesday in a statement signed by the Executive Director, Portfolio, Mr. Tajudeen Ahmed.
Takang said the reforms aim to boost fertiliser availability, improve cost efficiency, and enhance traceability to curb hoarding and diversion. He stressed that a key priority is accelerating local sourcing to gradually increase the share of domestically produced inputs, thereby strengthening Nigeria’s agro-industrial base and reducing dependence on volatile imports.
According to him, MOFI will assume operational management of the initiative from the Nigeria Sovereign Investment Authority (NSIA) by November 2025.
“This transition will 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 fertiliser,” Takang said.
He added that beyond expanding volumes, the PFI is building a resilient system to shield farmers from global market shocks and support long-term agricultural planning. Since inception, the initiative has facilitated the production of over 128 million bags of fertiliser, including more than 4.5 million metric tonnes between 2021 and 2024.
The Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) confirmed that the initiative has significantly boosted blending capacity nationwide. More than 90 blending plants are now operational, with a combined capacity of up to 13 million metric tonnes, reducing transportation costs and bringing fertiliser closer to farmers.
Takang acknowledged farmers’ concerns over rising prices in recent seasons but clarified that these were largely driven by foreign exchange volatility and global raw material costs, not local scarcity. To cushion these pressures, PFI 3.0, endorsed at an August stakeholder roundtable in Abuja, is being prepared for rollout.
Between 2022 and 2025, the initiative facilitated the delivery of 48 vessels of raw materials, including 10 vessels in 2025 alone, supplying more than 560,000 metric tonnes of inputs through Nigerian ports.
Launched in 2016, the PFI remains a flagship Federal Government programme designed to give farmers nationwide access to high-quality fertiliser at affordable prices.
