The permanent secretary, Ministry of Agriculture and Rural Development, Sonny Echono, yesterday, said that international and local investors have stated their commitment to invest $4 billion into the agricultural sector.
Speaking at a validation workshop on the new alliance report in Abuja, Echono said that the European Union (EU), the United Kingdom (UK), France, the United States of America (USA), and other countries are also committed to investing an equivalent of about $50 million to boost the nation’s agricultural sector.
On the new alliance agreement, Echono noted that government is committed to 13 major policy actions in the areas of seed and fertiliser, Bank of Agriculture, agricultural insurance, nutrition, land titling, staple crops processing zones, commodity exchange, enterprise registration, and power availability.
The permanent secretary, who was represented by the director of Special Duties in the ministry, Mrs Ademola Abiri, expressed optimism that through the partnership, more private investment will be seen in the sector as government implements the policy actions which improve the environment of investment.
He said, “International and local business establishments firms are committed to make investments of about $4 billion in the agricultural sector. Key development partners, the EU, UK, Japan, France, Germany, and the US, are committed to investing an equivalent of about $500 million in Nigeria’s agricultural sector in the 2013-2016 period.
“The Nigerian government made a policy reform commitment while the private sector made commitments on the level of agricultural investments in the medium term. The development partners on their part committed to funding levels for the medium term while the civil society is to ensure that the commitments reflect the views of the intended beneficiaries.”
The alliance was formed in 2013 when government, private sector and development partners made written commitments on key actions to be embarked upon in order to improve agricultural investment and food and nutrition security in line with the principles of the Comprehensive African Agriculture Development Programme (CAADP).”
source: Leadership
Speaking at a validation workshop on the new alliance report in Abuja, Echono said that the European Union (EU), the United Kingdom (UK), France, the United States of America (USA), and other countries are also committed to investing an equivalent of about $50 million to boost the nation’s agricultural sector.
On the new alliance agreement, Echono noted that government is committed to 13 major policy actions in the areas of seed and fertiliser, Bank of Agriculture, agricultural insurance, nutrition, land titling, staple crops processing zones, commodity exchange, enterprise registration, and power availability.
The permanent secretary, who was represented by the director of Special Duties in the ministry, Mrs Ademola Abiri, expressed optimism that through the partnership, more private investment will be seen in the sector as government implements the policy actions which improve the environment of investment.
He said, “International and local business establishments firms are committed to make investments of about $4 billion in the agricultural sector. Key development partners, the EU, UK, Japan, France, Germany, and the US, are committed to investing an equivalent of about $500 million in Nigeria’s agricultural sector in the 2013-2016 period.
“The Nigerian government made a policy reform commitment while the private sector made commitments on the level of agricultural investments in the medium term. The development partners on their part committed to funding levels for the medium term while the civil society is to ensure that the commitments reflect the views of the intended beneficiaries.”
The alliance was formed in 2013 when government, private sector and development partners made written commitments on key actions to be embarked upon in order to improve agricultural investment and food and nutrition security in line with the principles of the Comprehensive African Agriculture Development Programme (CAADP).”
source: Leadership
No comments:
Post a Comment