Agriculture
N22bn Annual Fertiliser Subsidy, A Major Drain On Treasury – Sanusi
Governor of the Central Bank of Nigeria (CBN), , Malam Sanusi Lamido Sanusi, says that the N22 billion the Federal Governemnt spends on fertiliser subsidy annually, constituted a major drain on the nation’s treasury.
Sanusi, who disclosed this to newsmen in Abuja, recently during an interactive session with the House of Representatives Committee on Agriculture, added that only 11 per cent of the subsidised fertiliser got to farmers.
He maintained that the government should hand over fertiliser procurement and distribution to the private sector.
“Government should only concern itself with the provision of quality regulatory framework that will promote local manufacturing,’’ he said.
The CBN governor identified poor quality fertiliser, adulteration and absence of a regulatory and quality control system as the bane of the fertiliser regime in the country.
He also called for the deregulation of the agricultural insurance sector industry by amending part three, section 13 of the NAIC Decree 37 of 1993, to allow for private insurance companies to participate in agricultural insurance service delivery.
In this regard, therefore, he canvassed for the overhaul of the Nigeria Agricultural Insurance Corporation (NAIC).
He said that the Nigeria Incentive-Based Risk Sharing for Agriculture Lending (NIRSAL) would work closely with the MDAs to tackle issues related to agricultural inputs.
“NIRSAL will provide technical assistance to help organise farmers into cooperative groups that can act as recipients of working capital for crop production.”
He noted that the agriculture sector was central to the country’s economy, accounting for 40 per cent of GDP and 60 per cent of employment.
“Agriculture is a major source of employment growth, providing 51 per cent of jobs in Nigeria between 2001 to 2007.”
Sanusi maintained that Nigeria as a country, spent only three per cent of its annual budget on agriculture while spending one billion dollars annually on rice importation.
Rep. Mohammed Mongonu (ANPP-Borno), the Chairman of the committee said that the interactive session was aimed at harvesting views that would assist in proffering solutions to the problems confronting the sector.
Mungonu stressed the need for collaboration between the National Assembly and the Executive to improve on the development of the sector.
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FG, Ogun Distribute Inputs To 2,400 Farmers
Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
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