Nigeria’s agriculture records $1.6bn investments in two years via rice production

The Nigerian agricultural sector has witnessed increased tempo of both domestic and foreign investments amounting to $1.6 billion in the past two and half years, Akinwunmi Adesina, minister of agriculture and rural development, has said.

This is as a result of the proactive and strategic reforms being undertaken to upscale the country’s rice value chain through the Growth Enhancement Scheme (GES) of the Federal Government’s agricultural transformation agenda (ATA).

Adesina made the disclosure on Monday while

Jonathan directs CBN to set aside N50bn for agric mechanisation fund

A new fund worth N50 billion and  specifically to aid the mechanisation of agricultural practices in Nigeria is expected to be set up in a matter of months if not weeks by the Central Bank of Nigeria (CBN).

This will allow for the speeding  up  of the full establishment of the 1,200 private sector driven Agricultural Equipment Hiring Enterprises (AEHE) across the states of the Federation.

The directive was given by President Goodluck Jonathan at the commissioning and flagging off the 100,000 metric tons grains Silos at Sheda, Federal Capital Territory (F. C. T.) and the Agricultural Equipment Hiring Centers in Nigeria. Jonathan was represented by Vice President Namadi Sambo.

Government hopes the new initiative will further his quest for a revolution in the country’s