NSIA Hands Over Presidential Fertiliser Initiative to Ministry of Finance Incorporated After Years of Impact
Abuja, Nigeria –The Nigeria Sovereign Investment Authority (“NSIA or ‘the Authority”) today aggregated 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.
This landmark event also marks the formal transition of the Presidential Fertilizer Initiative (PFI) programme to the Ministry of Finance Incorporated (MOFI).
Since its launch in 2016, the PFI has evolved into one of Nigeria’s most impactful agricultural interventions. 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 and has grown the number of operational blending plants from four (4) in 2016 to eighty-six (86) by July 2025, 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 catalyzing impactful investments, promoting public-private sector collaboration, and support for initiatives that optimise positive outcomes in Nigeria.
About NSIA
The Nigeria Sovereign Investment Authority (NSIA) is a sovereign wealth fund established to manage Nigeria’s excess oil revenues. With a mandate to invest in infrastructure, stabilize the economy, and build wealth for future generations, NSIA remains committed to driving sustainable economic growth and development for the benefit of all Nigerians
