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In Nigeria, a 600 billion naira recovery plan for agriculture

31/08/2020
Source : Commodafrica
Categories: Economy/Forex

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The Federal Government of Nigeria has decided to inject more than 600 billion naira (€1.299 billion) into the agricultural sector targeting smallholder farmers to ensure food security and sustainability, according to a statement by the Minister of Agriculture and Agriculture. rural development, Muhammad Nanono, made during a visit to the Dangote fertilizer factory.

This recovery plan should initially concern 2.4 million farmers and will materialize in the form of inputs. "To avoid misuse of public funds and good intentions, the support will be in kind in the form of inputs and not in cash as was the practice in the past" declared the Minister adding that "The forced closure of all international borders, necessitated by the COVID-19 pandemic, has shown that Nigeria can feed itself properly and sustainably."

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