The Nigeria Sovereign Investment Authority (“NSIA or ‘the Authority”) has Commenced modalities to handover the Presidential Fertiliser Initiatice (PFI) programme to the Ministry of Finance Incorporated (MOFI).

This was revealed when NSIA at the weekend gathered key stakeholders in the agriculture value chain at the annual Presidential Fertiliser Initiative (PFI) stakeholder forum in Abuja to deliberate on the journey and successes of PFI programme.

Since its launch in 2016, the PFI which has evolved into one of Nigeria’s most impactful agricultural interventions has witnessed the increase in blending plants from 4 to over 90, which signifies over 96.4 percentage increase.

Designed to address structural inefficiencies in the fertilizer supply chain and reduce dependency on imports, the initiative has been championed by the NSIA under the direction of the Federal Government of Nigeria.

Through strategic direction of the PFI programme, NSIA has led the transformation of Nigeria’s previously moribund fertilizer blending landscape, with more than 128 million bags of blended high-quality fertiliser delivered to Nigerian farmers.

These interventions have significantly improved fertiliser accessibility and affordability, enhanced food security, and created over 100,000 direct and indirect jobs across the country.

Despite global supply chain disruptions caused by the COVID-19 pandemic, the Russia-Ukraine conflict, persistent foreign exchange volatility, macroeconomic pressures like the devaluation of the naira, PFI remained resilient as NSIA, working closely with relevant stakeholders ensured uninterrupted supply of fertiliser to farmers at stable prices.

In recent years, the initiative has undergone a strategic restructuring, focused on positioning PFI for enhanced financial and operational sustainability. This next phase includes the introduction of wet blend technology, geographic expansion to underserved regions, and a stronger focus on private sector participation, setting the stage for additional positive impact.

While speaking at the event, Aminu Umar-Sadiq, Managing Director & CEO, NSIA remarked:
“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. We remain committed to strategic partnerships that enhance positive socio-economic outcomes for Nigerians@”.

By strategically leading the PFI programme for almost a decade, NSIA re-validates its commitment to advance food security, empower stakeholders within the value chain and ultimately propel sustainable economic growth and development in Nigeria.

As the PFI transitions to MOFI, NSIA reiterates its focus on catalysing impactful investments, promoting public-private sector collaboration, and support for initiatives that optimise positive outcomes in Nigeria.