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
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