PFI Says Nigeria Secured Fertiliser Inputs, Saved ₦61.58bn Before Supply Shock

PFI NPK Limited says Nigeria secured fertiliser supplies for the 2026 wet farming season after moving early to procure raw materials before renewed global supply pressures pushed up costs.

Premium Times reported that the company, a subsidiary of the Ministry of Finance Incorporated and implementation vehicle for the Presidential Fertiliser Initiative, said the early procurement strategy generated estimated savings of ₦61.58 billion.

The report said procurement and shipment records showed that nine vessels carried a combined 407,304 metric tonnes of fertiliser raw materials in the first quarter of 2026. With opening inventory, PFI NPK said 534,219 metric tonnes of raw materials were available for domestic NPK production.

Premium Times also reported President Bola Tinubu’s statement that Nigeria had secured more than 449,000 metric tonnes of fertiliser inputs, equivalent to about nine million bags, to support food production and strengthen food security. Platform Times separately corroborated the ₦61.58 billion savings and 449,000-tonne supply figures.

The company attributed the savings to locking in supply and pricing before international fertiliser prices rose amid renewed Middle East tensions and wider shipping disruptions.

The figures should be read as procurement and raw-material supply claims by PFI NPK and the presidency, not as a final count of fertiliser already delivered to every farmer.

Sources: Premium Times, Platform Times