MOFI takes over presidential fertiliser initiative November

MOFI, represented by Managing Executive Officer Armstrong Takang, announced at the annual Presidential Fertiliser Initiative (PFI) stakeholder forum in Abuja that it would be taking over the PFI programme from the Ministry of Finance Incorporated (MOFI) starting in November. This transition aims to accelerate the project, which addresses structural inefficiencies in the fertilizer supply chain and reduces the country's reliance on imports.

The PFI programme, led by the Nigeria Sovereign Investment Authority (NSIA), has successfully transformed the previously stagnant fertilizer blending landscape, increasing the number of operational blending plants from four in 2016 to 90 as of July 2025. Despite challenges such as global supply chain disruptions and currency devaluation, the PFI has remained resilient, ensuring stable fertilizer supply and prices for Nigerian farmers.

This intervention has improved fertilizer accessibility, affordability, food security, and created numerous jobs across the country.