Nigeria’s Food Production: Agric sector to receive over N600bn stimulus – Nanono

Nigeria's Food Production: Agric sector to receive over N600bn stimulus - Nanono

The Minister of Agriculture and Rural Development, Mohammed Nanono, at the weekend, disclosed that the agricultural sector will receive N600 billion stimulus to boost food production.

 

Nanono made this known in a statement signed by the Director Information, Theodore Ogaziechi, during tour of Dangote Fertilizer Plant in Lagos State.

According to him the tour was part of meeting with other fertilizer companies in Lagos State that would inject more input into the sector with the aim of galvanizing farming activities.

 

The statement reads in part, “The Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono, has revealed that the Federal Government has resolved to inject over N600 billion as stimulus response into the agriculture sector, targeting small scale farmers, to ensure food security and sustainability. The Minister stated this while on a weekend tour of Dangote Fertilizer Plant.”

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“Nanono had explained that the well over N600 billion stimulus response which targets farmers nationwide will take off with an initial 2.4 million farmers in the first instance. He also noted that to avoid the abuse of government funds and good intentions, the support will be in kind in form of inputs and not cash as was the practice in the past.”

 

Meanwhile, the statement quoting the Minister revealed that, “The Minister added that the forceful closure of all International borders, necessitated by the COVID-19 Pandemic, has made it evident that Nigeria can conveniently and sustainably feed itself.”

 

The Minister and Permanent Secretary in the Ministry, Dr Abdulkadir Mu’azu, had interaction with agro-input dealers in Lagos, where they discussed quality, affordability and availability of fertilizer across the country.

 

“The big player, Dangote Group and other fertilizer blending companies, Premium Agro Limited, Elephant Group and Kewalram Group stated that raw materials for fertilizer blending, most especially ammonium phosphate, is the major challenge they face.

 

“However, the cherry news is that Dangote Group is considering the exploration of local source for the raw materials which they are hopeful and confident that once the domestic source is remedied, the problem of fertilizer shortfall will become history in the country.

 

“The Minister was overwhelmed with this revelation and is of the opinion that with the impressive strategies initiated by the Dangote Group, the outcome will change the narrative of agriculture, food production/ fertilizer availability and the nation’s economy for good before the close of 2020”, the statement added.

 

The Minister had earlier paid a courtesy visit to the Governor of Lagos State, Babajide Sanwo-olu, where he pledged to support the farming communities with rural roads, solar lighting and water holes so as to encourage and empower them to increase productivity.

 

He also promised to collaborate with Lagos State Government in the fishing sector in order to tap the potentials of its marine endowments and drastically reduce the importation of fish in Nigeria.

 

Sanwo –olu who was represented by the Deputy Governor of Lagos State, Dr Obafemi Hamzat, disclosed that after completion of a state owned rice mill that will be the largest in Nigeria based on its approximated capacity of 30 million metric tonnes per annum the nation’s export capacity of rice will increase and local cost of bag of rice will market will be reduced.

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