President Bola Ahmed Tinubu has praised the Ministry of Finance Incorporated (MOFI) and the National Agricultural Development Fund (NADF) for strengthening Nigeria’s fertiliser value chain, expanding farmers’ access to inputs, boosting local production and advancing the administration’s food security agenda.
The President said the achievements recorded under the Presidential Fertiliser Initiative (PFI), now restructured under MOFI, and the Renewed Hope Farm Input Support Programme (RH-FISP), implemented by NADF, reflect the government’s commitment to making food security a central pillar of the Renewed Hope Agenda.
According to Tinubu, the administration has remained focused on supporting farmers, reducing dependence on imports, strengthening local production and building a resilient agricultural system capable of withstanding global shocks.
He noted that disruptions in global supply chains, rising costs of fertiliser inputs and ongoing conflicts in the Middle East posed significant threats to agricultural productivity and food prices worldwide. However, he said Nigeria acted early through strategic interventions across the fertiliser value chain to cushion the impact.
Through the Presidential Fertiliser Initiative under MOFI, the government strengthened procurement systems, secured critical raw materials, signed forward supply agreements, improved coordination across the sector and protected local fertiliser blending plants from global market disruptions.
As of May 2026, over 449,000 metric tonnes of fertiliser inputs—equivalent to about nine million bags—had been secured, with 10 vessels either discharged or still in transit. Tinubu said the country remains on track to deliver a 1.1 million metric tonne fertiliser programme in 2026, representing approximately 22 million bags nationwide.
The President further disclosed that strategic contracting arrangements for key fertiliser inputs generated savings of ₦61.58 billion in 2026 alone, helping to moderate costs and improve affordability for farmers.
He also highlighted that Nigeria now boasts more than 90 operational fertiliser blending plants, giving the country the largest fertiliser blending capacity in Sub-Saharan Africa while supporting local industry, job creation and agricultural resilience.
While commending MOFI for strengthening procurement and sustaining local blending capacity, Tinubu noted that NADF has focused on ensuring last-mile delivery of fertiliser to farmers.
He applauded the Renewed Hope Farm Input Support Programme, which is distributing 515,720 bags of locally produced fertiliser to 128,930 smallholder farmers across 25 states and the Federal Capital Territory during the current planting season.
The President also acknowledged NADF’s efforts in promoting modern farming through digital extension services, harmonised fertiliser application guidance and targeted support for priority crops such as rice, maize, cassava and soybean.
Reaffirming his administration’s commitment to agriculture, Tinubu said the government would continue to support farmers, strengthen agricultural value chains, boost local production and reduce pressure on food prices, stressing that the progress recorded demonstrates a promise made and a promise being fulfilled.
