President Bola Ahmed Tinubu has commended the Ministry of Finance Incorporated (MOFI) and the National Agricultural Development Fund (NADF) for strengthening Nigeria’s fertiliser value chain and supporting the administration’s food security agenda.
The President said the interventions implemented through the Presidential Fertiliser Initiative (PFI), now restructured under MOFI, and the Renewed Hope Farm Input Support Programme (RH-FISP) under NADF demonstrate the government’s commitment to improving farmers’ access to inputs, promoting local production and reducing dependence on imports.
Speaking in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu said food security remains 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,” the President said.
Tinubu noted that global supply chain disruptions, rising costs of key fertiliser inputs and conflicts in the Middle East posed significant risks to agricultural productivity and food prices. He, however, said Nigeria acted early to mitigate the challenges through strategic interventions across the fertiliser value chain.
According to him, through the Presidential Fertiliser Initiative under MOFI, the government improved procurement systems, secured critical raw materials, signed forward supply agreements and protected local fertiliser blending plants from global market disruptions.
The President disclosed that 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 in transit.
He added that Nigeria remains on track to deliver a 1.1 million metric tonne fertiliser programme in 2026, equivalent to approximately 22 million bags nationwide.
Tinubu further revealed that strategic contracting arrangements for key fertiliser inputs generated savings of ₦61.58 billion in 2026, helping to reduce costs and improve affordability for farmers.
He also highlighted that Nigeria now has more than 90 operational fertiliser blending plants, giving the country the largest fertiliser blending capacity in Sub-Saharan Africa.
The President commended NADF for implementing 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.
He acknowledged the agency’s efforts in promoting modern farming practices through digital extension services, harmonised fertiliser application guidance and targeted interventions for priority crops, including rice, maize, cassava and soybean.
Tinubu reaffirmed his administration’s commitment to protecting farmers, increasing productivity, strengthening agricultural value chains and reducing pressure on food prices.
“Our administration will not relent in its efforts to strengthen Nigerian agriculture and protect food security for every Nigerian.
“We will continue to take practical steps that improve productivity, support our farmers and secure our nation’s food future,” he said.