Nigeria has announced a $3.14 billion agricultural investment package to strengthen food production and rural livelihoods—www.naijnaira.com reports.
The programme was launched under the Food and Agriculture Organisation’s Hand-in-Hand Initiative, according to information shared by Adegwu John.
Minister of Agriculture and Food Security, Abubakar Kyari, revealed that the scheme focuses on five key areas: tomato, cassava, maize, dairy, and fisheries.
He explained that the portfolio combines $1.75 billion from public funds with $1.39 billion from private investors, sending a signal of joint confidence in the sector.
“Per capita incomes will rise by as much as $657 and we will contribute to global climate goals by sequestering over 1.2 million tonnes of carbon,” Kyari stated.
The minister said the targeted chains were carefully chosen for their market demand, production potential, climate resilience, and socio-economic benefits.
Over 4.1 million Nigerians are projected to gain directly and indirectly from the initiative through improved yields, job creation, and expanded market access.
Kyari added, “These opportunities reflect Nigeria’s leadership in agriculture, the strength of our private sector, and our determination to transform declarations into action.”
He emphasized that irrigation and innovation will play a crucial role in addressing food insecurity, malnutrition, and climate shocks.
The FAO representative in Nigeria and ECOWAS, Hussein Gadain, praised the government’s efforts and described irrigation as a “game-changer” for Nigeria’s food systems.
Gadain urged, “Let us work hand-in-hand to drive the investments that will ensure increased food security, improved nutrition, better jobs and sustainable economic growth.”
Article updated 1 week ago. Content is written and modified by multiple authors.
