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

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 glob...