Agriculture
World Bank To Invest $900m In Agric Sector
The Minister of Agriculture and Rural Development, Dr. Akinwumi has disclosed that the world Bank will support the nation’s Agricultural transformation Agenda with the sum of $900 million, especially on four major crops, rice, cassava sorghum and cocoa.
The minister, who was briefing newsmen recently in Abuja on the just concluded “Agribusiness Investment Forum” held in Washington, USA which was organised by the Nigerian Embassy in the US and Corporate Council on Africa, also assumed that the World Bank also promised to help Nigeria get support from Brazil to transform its research and development system in order to grow the economy through agriculture.
He explained that some US companies were keen in investing in Nigeria’s agricultural sector in line with President Jonathan’s determination to promote private sector investment in Nigeria to drive the economy.
Dr. Adesina said the US strongly supported the nation’s agricultural transformation agenda and other efforts in diversifying the economy and acknowledged successes recorded so far by the present administration.
He said the development has sent positive responses from foreign countries, adding that one of the largest manufacturers of tractors, AGCO will soon meet the country’s tractor needs by establishing two tractor assembly plants and subsequently move to manufacturing in the near future.
“This will lower the cost of tractors, speed up mechanisation and make agriculture more attractive while creating jobs”, he assured.
He further revealed that a major US firm, Cargill has expressed interest in buying one of the largest quality cassava plants and another company was equally interested in investing 25,000 hectares of rice in Sokoto, using Rima Irrigation Scheme.
He said delegates to the meeting which was led by Vice President Namadi Sambo met with senior directors of the World Bank who he said, were excited about the agriculture transformation plan by Nigeria.
Agriculture
KWASANGLaunches Cassava Processing Factory To Boost Value Chain In Kwara
Agriculture
Livestock Ministry Empowers Women, Youths For Sustainable Growth
Agriculture
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.
-
Featured4 days agoFubara Redeploys Green As Commissioner For Justice
-
Politics2 days agoYou Have No Power To Drop Me, Ekiti PDP Candidate Tells INEC
-
Sports2 days agoAFCON ’25: Osimhen Not Worried By Yekini Comparison, Pressure
-
Sports2 days agoOgoni Nation Cup : Coach Praise Players In spite 2-0 Loss
-
Business2 days agoKALCCIMA PROMISES KALABARI ECONOMIC GROWTH, INAUGURATES NEW EXECUTIVES
-
Sports2 days agoRemo Stars set for Ikenne return
-
Sports2 days agoChelsea Set To Part Ways With Maresca?
-
Sports2 days agoSoname Calls For NPFL referees demotion
