128m bags of fertilizer locally produced in 9yrs – MOFI

The Ministry of Finance Incorporated (MOFI) has stated that, through the Presidential Fertilizer Initiative (PFI) , a total of 128 million bags of fertiliser have been locally produced and distributed to farmers in Nigeria since inception.  A statement made available to Daily Trust by the Ministry of Finance Incorporated on Wednesday, noted that the initiative […]

The Ministry of Finance Incorporated (MOFI) has stated that, through the Presidential Fertilizer Initiative (PFI) , a total of 128 million bags of fertiliser have been locally produced and distributed to farmers in Nigeria since inception. 

A statement made available to Daily Trust by the Ministry of Finance Incorporated on Wednesday, noted that the initiative is advancing efforts to secure a resilient and uninterrupted supply of fertilizer to Nigerian farmers.

Daily Trust reports that to address fertiliser supply inefficiencies, on December 23, 2016, late President Muhammadu Buhari instituted the Presidential Fertiliser Initiative (PFI)

The statement further explained that as it enters a new phase, PFI 3.0 is laying the foundation for a stable supply of raw materials to blending plants, with the ultimate goal of making Nigeria self-sufficient in crop production for both food and industrial uses. 

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“As of September 2025, more raw materials have already been supplied or ordered than the total supplied in 2024, and additional arrangements have been concluded with fertilizer raw material manufacturers to stock warehouses nationwide. 

“Data confirms steady progress. From 2022 to date in 2025, 48 distinct vessels have delivered critical raw materials for fertilizer blending under the PFI. In 2025 alone, 10 vessels have already discharged and are expected to discharge cargoes, accounting for more than 560,000 metric tonnes of inputs received at Nigerian ports,” it explained 

Also the statement quoted Dr. Armstrong Ume Takang, Managing Director and Chief Executive Officer of MOFI, saying that the focus of PFI extends beyond mere volumes.

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