Tinubu reveals how Nigeria saved N61.58bn, shielded farmers from global fertiliser shock

President Bola Ahmed Tinubu has disclosed that Nigeria saved N61.58 cardinal done strategical fertiliser procurement measures, portion securing much than 449,000 metric tonnes of fertiliser inputs amid planetary proviso disruptions.

The improvement was disclosed successful a connection posted connected the President’s authoritative leafage on June 18, 2026.

According to Tinubu, the involution formed portion of efforts nether the Presidential Fertiliser Initiative (PFI), which was restructured nether the Ministry of Finance Incorporated (MOFI) to code challenges posed by planetary proviso concatenation disruptions and rising fertiliser input costs.

The President noted that conflicts successful the Middle East and disruptions successful planetary markets created unit connected fertiliser proviso chains, with imaginable implications for workplace productivity and nutrient prices.

“Through the Presidential Fertiliser Initiative (PFI), present restructured nether MOFI, we strengthened procurement, secured captious earthy materials, signed guardant agreements, improved coordination crossed the worth chain, and protected Nigeria’s section fertiliser b...