Tinubu hails MOFI, NADF for strengthening Nigeria’s fertiliser value chain
President Bola Tinubu has commended the Ministry of Finance Incorporated (MOFI) and the National Agricultural Development Fund (NADF) for their roles in strengthening Nigeria’s fertiliser value chain, improving farmers’ access to inputs, and advancing the administration’s food security agenda.
The President said interventions under the Presidential Fertiliser Initiative (PFI), now managed by MOFI, and the Renewed Hope Farm Input Support Programme (RH-FISP), implemented by NADF, were helping to fulfil the government’s commitment to making food security a key pillar of the Renewed Hope Agenda.
“When we came into office, we made a promise to Nigerians that food security would be a major pillar of our Renewed Hope Agenda. We promised to support our farmers, strengthen local production, reduce dependence on imports, and build an agricultural system strong enough to withstand shocks from beyond our borders. That promise is being kept,” Tinubu said in a statement by his spokesperson, Bayo Onanuga on Thursday.
The President noted that disruptions in global supply chains and rising costs of fertiliser inputs, compounded by conflict in the Middle East, had posed significant risks to agricultural productivity and food prices worldwide.
According to him, Nigeria responded early through strategic interventions across the fertiliser value chain, including strengthening procurement systems, securing critical raw materials, signing forward supply agreements and improving coordination among stakeholders.
Tinubu disclosed that as of May 2026, more than 449,000 metric tonnes of fertiliser inputs, equivalent to about nine million bags, had been secured, with 10 vessels either discharged or in transit.
He added that the country remained on course to deliver a 1.1 million metric tonne fertiliser programme in 2026, equivalent to approximately 22 million bags nationwide.
The President also revealed that strategic contracting arrangements for key fertiliser inputs generated savings of ₦61.58 billion in 2026, helping to moderate costs and improve affordability for farmers.
