Business
Agriculture, Panacea For Economic Diversification – VC
The Vice Chancellor of the Federal University, Otuoke, Bayelsa State, Professor Seth Accra-Jaja, has stated that for Nigeria to eradicate poverty and hunger, boost investment, enhance industrialisation and economic diversification, agriculture should be on the front burner of the Federal Government Developmental initiatives.
He stated this in a keynote address delivered at the 22nd NAOC-Green River Project Farmers’ Day celebration in Igbogene, Bayelsa State, recently.
According to him, government at all levels have shown serious concern on the need to develop agriculture in Nigeria, stressing that during the 24th edition of the Nigerian Economic Summit the Federal Government resolved to diversify the economy from oil to other sustainable sector, especially agriculture.
The Minister of Finance, he said, re-echoed that despite the rise in crude oil price at the international market, government was committed to diversify the economy by promoting agriculture and other allied sector of the economy.
Some of these agric initiatives, he continued, include, incentive based risk sharing system for agricultural lending, growth enhancement support scheme designed to encourage critical access in the fertilizer value chain, agricultural resilience scheme, transformational agenda and green alternative agriculture promotion policy-2016-2020.
Prof Accra-Jaja argued that in spite of the agree policy initiatives of the government, weak traditional management framework, migration of youth talents, poor output, extensive poverty, poor funding, lack of enabling environment and increasing threat to life and property pose a major challenge to the realisation of the objectives of the economic diversification policy thrust of the government.
He urged youths to embrace agric business, saying that nobody drinks oil, but everybody eats food.
Kinika Mpi