Agriculture
Investment In Agriculture Can Generate $50bn Forex – FACAN
The Chairman, Board of Trustees of the Federation of Agricultural Commodity Associations of Nigeria (FACAN), Dr Victor Iyama, has said Nigeria’s agricultural sector has the potential to generate over $50 billion to the Gross Domestic Product (GDP), if there is proper investment in the sector.
Dr Iyama said this at the Agro-Commodity Roundtable Dialogue, Dinner and Recognition night organised by FACAN in Abuja.
The programme, themed “Building Stronger Economy through Agro-Commodity Value Chain Development and International Cooperation”, has in attendance several commodity associations and private sector investors both local and foreign based.
The FACAN BoT Chairman said the aim of the association is to grow the agricultural sector, increase the sector’s contribution to the GDP, and, most importantly, to be able to bring in the needed foreign exchange to the country.
“Agriculture alone can bring in about $50 billion if not more. So, every one of us should be ready to work towards that goal. I have always said it, the most important sector in this country today is agriculture.
“There are four areas that can make us double our foreign exchange earning to over $100 billion and they are agriculture, solid minerals, IT and entertainment industry”, he said.
According to him, if Nigeria decides to develop these sectors and concentrate on them, the country will witness improved foreign exchange earnings.
Iyama charged Nigerians to return to agriculture in order to create wealth, grow a sustainable food production strategy in order to feed this generation and the next.
“We should all go back to our agriculture; one thing that can never finish or dry up is the soil, that is where we get all the food and solid minerals.
“The first thing is for all of us gathered her to look inwards, the wealth is in this country, it is not outside and we must all put our hands together to make sure that we harness the wealth of this country for the benefits of the generations unborn”, he added.
In his address, the President of FACAN, Alhaji Sheriff Balogun, informed the gathering that FACAN started with just 10 commodity associations, but currently it boasts of over 42 commodity associations.
He said with the support of members and partners in the agricultural sector, a pathway would be forged to improve the country’s agriculture.
“FACAN from humble beginning of about 10 commodity associations is now boasting of over 42 registered associations. With your support and partnership, we will forge a path that not only improve agriculture in Nigeria but contribute to our national growth and prosperity”, he said.
Balogun said FACAN will collaborate with government to ensure that the government realises the objectives of its agricultural policies
“It is a new dawn for in FACAN, we have been the business of promoting agriculture for the past 10 years, and we will continue to do that especially now that government has declared state of emergency on food, FACAN will collaborate with the government to ensure that the government realises the objective of its policy.
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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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