Page 3 - சப்ளையர்கள் சங்கம் ஆஃப் நைஜீரியா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Dike Onwuamaeze Over $350 million has been saved from the erstwhile payments on subsidy and import substitution through the implementation of the Presidential Fertiliser Initiative (PFI), the Nigerian Sovereign Investment Authority (NSIA) has said. The Managing Director and Chief Executive Officer of NSIA, Mr. Uche Orji, in a statement yesterday said with the support of President Muhammadu Buhari, the programme had accomplished its principal objectives. He said: “Having fulfilled the establishment, stabilisation and market discipline phase of PFI, the primary objective of which was to revive the blending plants and create a viable domestic blending industry, we believe the PFI should gradually evolve into the next phase, which is a tactical withdrawal of intervention in the industry and the emergence of a self-sufficient, sustainable, and efficiently operated market.

Jigawa stateAlhaji abubakar badaruThomas etuhMuhammadu buhariUche orjiCentral bankNational planningMinistry of finance budgetMinistry of finance incorporatedSuppliers association of nigeriaNigerian sovereign investment authorityPresidential fertiliser initiativeMinistry of agricultureRural developmentManaging directorChief executive officer