Business
FG Distributes Oil Palm Seedlings To Farmers
The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, on Saturday in Akure said government had started the distribution of nine million sprouted nuts of high-yielding oil palm seedlings.
Adesina said this during the 2013 Foundation Day Lecture of the Federal University of Technology, Akure (FUTA), titled “Unlocking Nigeria’s Agriculture Potential to Create Wealth’’.
The minister who disclosed that the distribution of the nuts was to farmers across the country said the private sector would benefit from the distribution.
He stated that private oil palm estates were rapidly expanding their plantations, with current big players such as Okomu Oil and Presco planting thousands of hectares of new plantations.
Adesina said the new investors were expected to put in more than $200 million in revamping new plantations throughout the nation.
“The result has been impressive. Today, the best performing stocks on the Nigeria Stock Exchange are agriculture stocks,’’ he said.
The minister also stressed the need for federal and state governments to work together to transform the nation’s agriculture sector.
Adesina, who noted that every state in Nigeria has potential in agriculture advised state governments to look inwards and unlock their potential in the sector.
He said this would expand internally-generated revenue and improve the livelihood of citizens and create jobs for the people.
“To facilitate this year, the Federal Ministry of Agriculture and Rural Development fully decentralised its operations down to the state level.
“We now have 37 state offices and 37 state level directors, and six regional directors, one per geo-political zone. All programmes are now designed and jointly implemented with the state governments,’’ the minister said.
Earlier, FUTA’s Vice-Chancellor, Prof. Adebiyi Daramola,had said the aim of the Foundation Day Lecture series was to further expand the frontiers of knowledge.
“It was also designed to provide a veritable forum for staff, students and members of the public to tap new ideas for the benefit of the sector in particular and the nation in general.
“This is done in a way that will enhance teaching, learning, research and, ultimately, the quality of lives of Nigerians,’’ Daramola said.
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