The Nigeria Sovereign Investment Authority (NSIA) has formally transitioned the Presidential Fertiliser Initiative (PFI) to the Ministry of Finance Incorporated (MOFI), marking the end of nearly a decade of strategic leadership that transformed Nigeria’s fertiliser sector.

The announcement was made during the annual PFI stakeholder forum in Abuja, where key players in the agriculture value chain gathered to review the programme’s achievements and future direction.

Launched in 2016 to address inefficiencies in the fertiliser supply chain and reduce import dependency, the PFI has grown into one of Nigeria’s most impactful agricultural interventions.

Under NSIA’s stewardship, the number of operational fertiliser blending plants increased from just four in 2016 to over 90 by July 2025.

Over 128 million bags of high-quality fertiliser have been delivered to farmers nationwide, improving accessibility, affordability, and food security while generating more than 100,000 jobs.

Despite global disruptions, including the COVID-19 pandemic, the Russia-Ukraine conflict, and foreign exchange volatility, NSIA ensured uninterrupted fertiliser supply at stable prices through coordinated stakeholder engagement.

In recent years, the initiative underwent strategic restructuring to enhance sustainability. This included the introduction of wet blend technology, expansion to underserved regions, and increased private sector involvement.

Speaking at the forum, NSIA Managing Director and CEO Aminu Umar-Sadiq described the transition as a milestone in public-private collaboration.

“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,” he said.

As the programme moves under MOFI’s management, NSIA reaffirmed its commitment to catalysing impactful investments and supporting initiatives that drive socio-economic development across Nigeria

SOURCE: ekofm897.com