ManCo to assume control of Presidential Fertilizer Initiative from NSIA in November
The Presidential Fertilizer Initiative (PFI) will come under the full management of MOFI Management Company Limited (ManCo) from November 2025, marking the end of nearly a decade of oversight by the Nigerian Sovereign Investment Authority (NSIA). Ahead of the transition, the Ministry of Finance Incorporated (MOFI), which owns ManCo, and NSIA held a joint review session to assess the reforms implemented, evaluate partnerships, and outline priorities for the programme’s next phase. Under ManCo’s leadership, the PFI is expected to introduce wet-blend technology, expand distribution to underserved regions, and deepen private sector involvement — steps aimed at strengthening food security and boosting agricultural productivity. Since taking charge in 2016, NSIA has transformed Nigeria’s fertilizer sector. The number of blending plants grew from just four to over 90 by mid-2025, while more than 128 million bags of NPK fertilizer were delivered to […]