The Federal Government of Nigeria has secured a N65 billion loan from the African Development Bank to enhance agricultural productivity, focusing on staple food crops in both dry and wet seasons. The initiative, under the Policy Base Operations (PBO) initiative funded by the African Emergency Food Production Facility (AEFPF), aims to roll out across all states and the Federal Capital Territory (FCT) over the next two years. The National Agricultural Growth Scheme (NAGS) seeks to improve food production, stabilize commodity prices, and support small-scale farmers. The ministry is committed to rectifying any shortcomings in the 2023/2024 Dry Season Wheat Production program, emphasizing adherence to guidelines and promoting transparency. Stakeholders applauded the distribution of certified wheat seeds and agricultural inputs, with the official launch of the 2023/2024 dry season farming in Jigawa State. SOURCE: DAILY TRUST
OUR REVIEW: The Nigerian government’s acquisition of a N65 billion loan from the African Development Bank to boost agricultural productivity is a significant move towards enhancing food security. Led by the Ministry of Agriculture, the initiative aims to address staple food crop production across both dry and wet seasons. With a focus on strategic planning and adherence to guidelines, the program underscores a commitment to rectifying past challenges and promoting transparency in the agricultural sector. This proactive approach, supported by stakeholders, signals a promising step towards sustainable agricultural development in Nigeria.
