Business
GES: FG Reduces Rice, Maize Supply To Farmers
The Federal Government has reduced the quantity of rice and maize seeds supplied to farmers under its Growth Enhancement Support (GES) scheme. The GES scheme is a Federal Government’s initiative under the Agricultural Transformation Agenda aimed at subsidising the cost of major agricultural inputs such as fertiliser and seeds.
The Coordinating Director, National Agricultural Seeds Council Mr Olusegun Olatokun, told newsmen recently that the quantity was reduced from 25kg and 20 kg to 12.5 kg and 10kg, respectively.
He explained that at the inception GES in 2012, farmers were given 50kg of rice and 40kg of maize, which was later reduced to 25kg and 20kg and now reduced to 12.5 and 10kg respectively.
According to him, the reduction was done with the objective of maximising the utilisation of the seeds given to farmers; to reduce wastage and reach more peasant farmers. He added that the Federal Government’s budget was also a factor for the reduction.
Olatokun stressed that the programme was for peasant farmers with one or two hectares of land and giving them too much seeds would result to wastage. He, however, pointed out that farmers with more than a hectare or two hectares of land were no longer peasant farmers and the scheme was not for them.
?” In 2012, that was the first phase of GES, we gave 50kg of rice to farmers but it was later reduced to 25kg because we learnt that there was a lot of wastage.
” In the first phase, 4.2 million farmers were registered and we realised that 3, 693,000 out of them were maize farmers.
“To satisfy these farmers at the 40kg we earlier planned, that would?amount to 53,000 tonnes of maize seeds?which would have cost us N10.8billon and government’s budget does not give room for that.
“When some of them (farmers) plant seeds and?they remain, they store?them in their warehouses or in their rooms, the vigour of these seeds deteriorate and they don’t return them for revalidation.
?”Before you replant seeds after saving it for months, you have to return it to the laboratory for revalidation in order to check the germination percentage, purity and to ensure that it is still improved seeds.
“If all these are not in place, it is no longer seeds but grains that would result in low or no yield at all,’’ he said.
Olatokun said also that some of the farmers were yet to understand the technology of seeds which made them save seeds for months without planting. Under the initiative, farmers access inputs through an electronic distribution channel known as the e-Wallet. The conditions of the e-Wallet scheme stipulates that a farmer registered under the scheme pays 50 per cent of the cost of farm inputs while the federal and state governments pay 25 per cent each.
One of the requirements for the scheme is the national farmers’ registration exercise, where farmers’ data?is captured into the ministry’s central data bank.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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