AFRIQOM Market Insights: OCP Africa Strengthens Nigeria’s Agricultural Supply Chain with Strategic MoU

OCP Africa has taken a key step in bolstering Nigeria’s agricultural infrastructure with the signing of a Memorandum of Understanding (MoU) on March 10, 2025. The agreement, forged with key Nigerian institutions—including the Ministry of Finance Incorporated, NSIA (Nigeria Sovereign Investment Authority), NADF (National Agricultural Development Fund), and FEPSAN—sets the stage for a more resilient and efficient fertilizer supply chain.

🔹 Key Focus: Implementing Bonded Warehouses for P-Fertilizers
The MoU prioritizes the establishment of bonded warehouses for key phosphorus-based fertilizers (TSP & others), ensuring streamlined distribution, reduced logistical bottlenecks, and improved farmer access. This initiative will play a critical role in stabilizing supply, mitigating price volatility, and supporting the Presidential Fertilizer Initiative’s long-term sustainability.

Additional strategic pillars of the agreement include:
✔ Advancing soil mapping initiatives
✔ Co-developing a local granulation plant for soil correction additives
✔ Expanding GIS platforms & digital solutions for precision agriculture
✔ Strengthening research & development for sustainable farming

This development follows high-level discussions between Nigerian stakeholders and OCP Africa earlier this year, reinforcing the country’s commitment to food security and sovereignty under President Bola Ahmed Tinubu’s administration. As PFI 3.0 takes shape, market participants should anticipate enhanced efficiencies and innovation across Nigeria’s agricultural value chain.

Market Impact:
• Strengthened supply chain resilience: Improved fertilizer availability and pricing stability
• Long-term investment signal: Increased public-private collaboration in agribusiness
• Tech-driven innovation: Greater adoption of digital and precision agriculture solutions

This MoU marks a significant step toward unlocking Nigeria’s full agricultural potential, driving long-term sustainability, and accelerating sector growth. Stay tuned for updates on implementation progress and market impacts.