FG to inject over N600bn into agriculture for food security – Minister


The Federal Government is set to inject over N600 billion as stimulus response into the agriculture sector.

The Minister of Agriculture and Rural Development, Sabo Nanono, made this known in a statement signed by the Director of Information of the ministry, Mr Theodore Ogaziechi on Sunday in Abuja.

The minister according to the statement, made this known while on a tour of Dangote Fertiliser Plant and other fertiliser companies in Lagos State.

Nanono said the stimulus package would target small scale farmers, to ensure food security and sustainability.

He explained that the package would target farmers nationwide and expected to begin with an initial 2.4 million farmers.

He noted that to avoid the abuse of government funds and good intentions, the support would be in form of inputs and not cash as was the practice in the past.

The minister added that the closure of all international borders, necessitated by the COVID-19 Pandemic, had made it evident that Nigeria could conveniently and sustainably feed itself.

The minister, who commenced the tour with a courtesy call on the governor of Lagos State, Gov. Babajide Sanwo-Olu, promised to support the state farming communities with rural roads, solar lighting and water holes to increase productivity.

Nanono further promised to collaborate with the Lagos State government in revamping the fish sub-sector in order to tap into its marine potentials to reduce fish importation.

Meanwhile, Sanwo-Olu promised to collaborate with the Federal Government not only in the fishing sector but mechanised farming as well.

The governor said this would be actualised when the largest rice mill in Nigeria with a capacity to mill approximately 30 million metric tonnes of rice per annum was completed.

He said it would help Nigeria focus more on exportation of rice and downward review of prices at the retail market.

The governor said Lagos State had a large retail market for agricultural products as well as the largest enabler in the industry with Dangote Fertiliser Plant cited in its domain.

For their part, Dangote Group and other fertiliser blending companies, including Premium Agro Limited, Elephant Group and Kewalram Group complained that raw materials for fertiliser blending were a challenge.

They said ammonium phosphate, particularly, was a major challenge.

Dangote Group, however, assured it would consider exploration of local source for the raw materials which would hopefully solve the problem of fertiliser shortfall in the country.

(NAN)

  • Related Posts

    33 banks raise N4.65tn as recapitalisation ends – CBN

      The Central Bank of Nigeria on Wednesday said 33 banks have met new minimum capital requirements under its recapitalisation programme, raising a combined N4.65tn to strengthen the financial system.…

    Senate approves Tinubu’s $6bn loan request

      The Senate has expeditiously approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The approval came barely three and a half hours after…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    US warplane shut down in Iran, one crew rescued

    • By admin
    • April 3, 2026
    • 9 views
    US warplane shut down in Iran, one crew rescued

    Presidency replies l Tinubu’s critics for stopping at Jos airport during visit

    • By admin
    • April 3, 2026
    • 13 views
    Presidency replies l Tinubu’s critics for stopping at Jos airport during visit

    US forces yet to start ‘destroying what’s left’ in Iran, says Trump

    • By admin
    • April 3, 2026
    • 7 views
    US forces yet to start ‘destroying what’s left’ in Iran, says Trump

    Gunmen abduct 9 in Sokoto community

    • By admin
    • April 3, 2026
    • 17 views
    Gunmen abduct 9 in Sokoto community

    Trump Sacks Attorney General Pam Bondi, Appoints Ex-Personal Lawyer

    • By admin
    • April 3, 2026
    • 17 views
    Trump Sacks Attorney General Pam Bondi, Appoints Ex-Personal Lawyer

    Gunmen Kill Traditional Ruler In Ebonyi

    • By admin
    • April 3, 2026
    • 20 views
    Gunmen Kill Traditional Ruler In Ebonyi