MOFI to sustain strategic reforms for sustained fertiliser supply
By Nana Hauwa Musa
The Ministry of Finance Incorporated (MOFI) says it will sustain implementation of strategic reforms for the Presidential Fertiliser Initiative (PFI) 3.0, with a focus on year-round nationwide operations.
The Managing Director and Chief Executive Officer of MOFI, Dr Armstrong Takang, said this in a statement by the Executive Director, Portfolio, Mr Tajudeen Ahmed, in Abuja on Tuesday.
Takang said that the reforms would enhance availability, cost efficiency and stronger traceability to curb hoarding and diversion.
He said that the key priority was accelerating local sourcing, with a clear push to increase the proportion of inputs produced domestically over the coming years.
He said that the shift would strengthen the country’s agro-industrial base and reduce reliance on unpredictable imports.
According to him, MOFI is set to take over operational management from the Nigeria Sovereign Investment Authority (NSIA) by November 2025.
“This transition is expected to strengthen governance and provide seamless continuity as the programme enters its next, more ambitious phase.
“The central mission of the PFI 3.0 remains providing Nigerian farmers with timely, affordable and reliable access to fertiliser.
“The system is now more resilient and dependable, giving farmers confidence in consistent supply,” he said.
He said that the focus of PFI extended beyond mere volumes.
“We are meticulously building a system that can insulate farmers from global market shocks and instil the confidence needed for long-term agricultural planning.
“We see the PFI as a prime example of public–private collaboration that can solve complex national challenges, and its future is a testament to Nigeria’s capacity for strategic reform.
“This strategic inflow has enabled consistent local production, with over 4.5 million metric tonnes of finished fertiliser produced between 2021 and 2024.
“Cumulatively, since its inception, the PFI has facilitated the production of over 128 million bags of fertiliser, delivered directly to farmers across the country,” Takang said.
He said that the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) confirmed that a growing network of blending plants is key to this sustained output.
“They have witnessed significant improvement in productive capacity since the PFI’s inception.
“The number of operational blending plants has increased to over 90 across the country, giving us a total blending capacity of up to 13 million metric tonnes.
“This capacity is a critical asset in ensuring fertiliser is consistently available for our farmers, bringing it closer to their farms and reducing transportation costs,” he said.
He said that the supply was robust, as industry leaders acknowledged farmers’ concerns regarding rising prices in recent seasons.
According to him, the industry leaders clarify that these pressures are a direct result of foreign exchange volatility and global raw material costs, and not local scarcity.
“To address these external pressures, the PFI is preparing for its third phase, PFI 3.0, which was endorsed at the August stakeholder roundtable in Abuja,” he said.
Takang said that between 2022 and 2025, 48 distinct vessels delivered critical raw materials for fertiliser blending under the PFI.
He said that in 2025 ten vessels had already discharged, accounting for more than 560,000 metric tonnes of inputs received at Nigerian ports.
He said that the steady inflow was laying the foundation for robust production and ensuring continuity of supply and stability across Nigeria’s fertiliser value chain.
The News Agency of Nigeria (NAN) reports that the PFI is a flagship programme of the Federal Government designed to provide farmers with reliable and affordable access to high-quality fertiliser. (NAN)(www.nannews.ng)
Edited by Kadiri Abdulrahman