Nigeria: How we injected N309 billion into the economy - Agriculture Minister

Published 2024년 5월 30일

Tridge summary

The Minister of Agriculture and Food Security in Nigeria, Sen. Abubakar Kyari, has announced an injection of N309 billion into the economy through successful dry season farming and other initiatives. The ministry has distributed large quantities of improved seeds, seedlings, and agrochemicals, and has established infrastructure for livestock production and animal health. Despite these efforts, the minister acknowledged challenges such as high cost of tomatoes due to a severe infestation. The government is engaging producers to address the issue of foreign exchange for fertilizer production.

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Original content

The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, has said the ministry has injected an "estimated value of N309 billion" into the country's economy. Sen Kyari stated this during his talking points presentation on the sectoral update marking the one year anniversary of President Bola Ahmed Tinubu's 'Renewed Hope Agenda.' The minister described the launch of the dry season farming with cultivation of 118,657 hectares of wheat in 15 states as very successful, adding that "107,429 wheat farmers" received inputs resulting in output of 474,628 metric tons. This, according to the minister, resulted in the "estimated value of N309 billion being 'injected into the economy." Kyari said Jigawa State has produced more than 50,000 metric tons of wheat, which is above the 40,000 target earlier estimated for the state. Speaking on the ministry's response to the persistent food inflation, he listed the measures taken to boost production to include distribution of 60,432 tons of ...

Source: All Africa