President Bola Ahmed Tinubu has disclosed that Nigeria saved N61.58 billion through strategic fertiliser procurement measures, while securing more than 449,000 metric tonnes of fertiliser inputs amid global supply disruptions.
The development was disclosed in a statement posted on the
President’s official page on June 18, 2026.
According to Tinubu, the intervention formed part of efforts
under the Presidential Fertiliser Initiative (PFI), which was restructured
under the Ministry of Finance Incorporated (MOFI) to address challenges posed
by global supply chain disruptions and rising fertiliser input costs.
The President noted that conflicts in the Middle East and
disruptions in global markets created pressure on fertiliser supply chains,
with potential implications for farm productivity and food prices.
“Through the Presidential Fertiliser Initiative (PFI), now
restructured under MOFI, we strengthened procurement, secured critical raw
materials, signed forward agreements, improved coordination across the value
chain, and protected Nigeria’s local fertiliser blending industry from the
worst effects of global market disruption,” he stated.
Tinubu disclosed that as of May 2026, over 449,000 metric
tonnes of fertiliser inputs had been secured, while 10 vessels carrying
fertiliser materials had either been discharged or were in transit.
According to the President, Nigeria remains on track to
deliver a 1.1 million metric tonne fertiliser programme in 2026, equivalent to
approximately 22 million bags.
“Despite the global shocks, strategic contracting for key
inputs also generated N61.58 billion in savings in 2026 alone, helping to keep
fertiliser more affordable for farmers,” he said.
The President further stated that Nigeria currently has more
than 90 operational fertiliser blending plants, which he described as the
largest blending capacity in Sub-Saharan Africa.
He added that the government had also launched the Renewed
Hope Farm Input Support Programme (RH-FISP) through the National Agricultural
Development Fund (NADF) to improve farmers’ access to fertiliser.
Under the programme, Tinubu said 515,720 bags of locally
produced fertiliser are being distributed to 128,930 smallholder farmers across
25 states and the Federal Capital Territory for the current planting season.
The President noted that the NADF is also supporting
agricultural development through digital extension services, fertiliser
application guidance and targeted support for crops including rice, maize,
cassava and soybean.
Tinubu reaffirmed the Federal Government’s commitment to
supporting farmers, improving agricultural productivity and strengthening the
country’s food security framework.
“Our administration will not relent on its efforts to
protect farmers, raise productivity, strengthen the agricultural value chain,
support local industry, and ease pressure on food prices over time,” he stated.
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