Tinubu orders 93% subsidy on agriculture inputs

President Bola Tinubu has mandated a 93% reduction in the cost of agricultural inputs to improve food security in Nigeria. Yejide Ogundipe, the President’s Senior Special Adviser on Food Security, announced this at an event in Abuja, emphasizing the government’s commitment to supporting farmers. This significant subsidy aims to mitigate the food crisis worsened by banditry, ensuring farmers pay only 7% of input costs. The administration is also focused on expanding the cultivation of key staples and empowering women in agriculture. Professor Faith Ibrahim highlighted the need for inclusive agriculture for women, who contribute significantly to Nigeria’s food production. NWAP’s Omolara Svensson reiterated her commitment to enhancing food security and agribusiness in Africa.
Source: The Guardian

OUR REVIEW
President Bola Tinubu’s mandate to reduce agricultural input costs by 93% is a significant move to enhance food security in Nigeria. By ensuring farmers pay only 7% of input costs, this initiative addresses the financial barriers faced by farmers, especially in a climate impacted by banditry. This substantial subsidy can lead to increased agricultural productivity and lower food prices, benefiting the entire value chain, from farmers to consumers.
Also, the focus on expanding the cultivation of key staples such as rice, maize, cassava, and wheat will help diversify and stabilize food supplies. Empowering women in agriculture is another crucial aspect, as highlighted by Professor Faith Ibrahim. Women contribute 70–80% of Nigeria’s food production, and inclusive policies will significantly boost overall productivity and sustainability.
NWAP’s commitment to prioritizing agribusiness further supports this initiative by enhancing food security, accessibility, and affordability. This holistic approach, combining financial support, gender inclusion, and market access, is essential for fostering growth and making informed decisions in the agri-food sector.