Abubakar Siddiq Ibn Usman
Barbara Bako, Abuja.
The Nigeria Sovereign Investment Authority (NSIA) has begun the handover of the Presidential Fertiliser Initiative (PFI) to the Ministry of Finance Incorporated (MOFI), ending almost 10 years of leading the flagship agricultural programme.
The move was announced in Abuja during a joint stakeholder forum and roundtable organised by NSIA and MOFI to review the initiative’s achievements and outline next steps.
Under NSIA’s management since 2016, the PFI grew Nigeria’s operational fertiliser blending plants from four to over 90, delivered more than 128 million bags to farmers, created over 100,000 jobs, and boosted food security despite global and local economic disruptions.
“This event is significant because we are honouring nearly a decade of positive impact, strategic partnership, growth and reform. The PFI is a model of what collaboration between public institutions, and the private sector can achieve,” said NSIA Managing Director & CEO, Aminu Umar-Sadiq.
MOFI CEO, Dr. Amstrong Ume Takang, assured stakeholders of sustained progress as MOFI takes full control in November.
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“Over the years, the PFI-NPK programme has played a role in transforming Nigeria’s fertilizer ecosystem, from expanding domestic blending capacity to enhancing farmers’ access to quality fertilizers and advancing national food security objectives,” he said.
He added: “The 2025 PFI-NPK Stakeholders’ Roundtable, themed: ‘PFI: A journey of Reform, partnership and Transition’, was carefully chosen to appreciate stakeholders for their long-standing commitment to the PFI, and to also serve as a reminder to all parties that the journey ahead requires even greater effort if more remarkable successes are to be recorded.”
MOFI plans to introduce wet blend technology, expand reach to underserved regions, and deepen private sector involvement to build on the foundation laid by NSIA.
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Rabiu M. Hamza
Agency News
