Insecurity: Nigeria risks N20b agric investments loss

Nigeria risk loosing agricultural investments in most parts of the country worth N20 billion due to the growing insecurity crisis rocking the country, Checkout Magazine learnt.

Major agricultural investments are located in Kaduna, Niger, Borno, Zamfara, Benue, Nassarawa and Oyo states.They have suffered an unprecedented attacks on farms by bandits and herdsmen may have that has resulted in $8.5 billion in crop and livestock losses, The Nation reports

Farmers in the North pay bandits thousands of naira yearly as tax and harvest fees before they can have access to their farms and avoid being abducted.

The founder, Brote Urban Vegetable, Innocent Mokidi, fears the country could face food shortages as prices climb and insecurity, destroy people’s ability to farm.

Chief Executive, Niji Farms, Kola Adeniji also warned that insecurity was threatening agric investment and urged the government to provide security agencies with the necessary support to deal with insecurity.

Niji Foods, located in Oyo State, is one of the leading players in the agriculture value chain. The farm has suffered attacks.



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