FG to pump over N600bn into agriculture

The Federal Government has agreed to disburse over N600bn into Nigeria’s agricultural sector, the Minister of Agriculture and Rural Development, Sabo Nanono, has said.

Nanono said the fund would target small scale farmers to ensure food security and sustainability.

The minister’s comments were contained in a statement issued on Sunday in Abuja by the Director, Information, Federal Ministry of Agriculture and Rural Development, Theodore Ogaziechi.

Nanono explained that the N600bn stimulus response which targets farmers nationwide would take off with an initial 2.4 million farmers in the first instance.

He further explained that to avoid the abuse of government funds and good intentions, the support would be in kind, as it would come in the form of inputs and not cash as was practiced in the past.

The minister added that the forceful closure of all international borders, necessitated by the COVID-19 pandemic, had made it evident that Nigeria could conveniently and sustainably feed itself.

 224 total views,  1 views today


Please enter your comment!
Please enter your name here