Early fertiliser procurement eased impact of Middle East tensions - PFI NPK
Nigeria, June 20 -- PFI NPK Limited, a wholly owned subsidiary of the Ministry of Finance Incorporated (MOFI) and the implementation vehicle for Nigeria's Presidential Fertiliser Initiative (PFI), says Nigeria has secured sufficient fertiliser supplies for the 2026 wet farming season.
In a statement on Friday, the company said the country avoided potential shortages linked to disruptions in global supply chains arising from renewed tensions in the Middle East, including the ongoing conflict involving Iran, Israel and the United States.
According to the company, an early procurement strategy enabled it to secure critical fertiliser raw materials months before geopolitical tensions triggered fresh increases in global prices and heightened...
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