Friday, 05 August 2022 07:09

FG secures $134m loan from AfDB to boost wheat production

Rate this item
(0 votes)

Federal government has obtained $134 million loan from African Development Bank to boost wheat production.

Minister of Agriculture and Rural Development, Muhammad Mahmoud, said this in Abuja, while briefing State House correspondents on the implementation of the presidential mandate given to the ministry.

He explained that the aim was to save the country from acute scarcity of wheat, whose demand and price had gone high because of the Russia-Ukraine war.

The minister noted that with 250,000 farmers cultivating 250,000 hectares in the 2022 dry season, the initiative would raise wheat production to 750,000 metric tonnes.

The wheat, he said, would be cultivated in Jigawa, Kebbi, Kano, Bauchi, Katsina, Kaduna, Sokoto, Zamfara, Gombe, Plateau, Borno, and Yobe, Adamawa, and Taraba states.

The minister said the federal government had deployed 5,000 agro rangers drawn from the Nigeria Civil Defence Corps to protect farmers facing security challenges.

He said about 3.6 million indirect jobs had been created from the $2.4 billion worth of externally-funded projects being implemented by the Buhari administration.

He said $538 million was approved for special agricultural processing zones to support inclusive and sustainable agricultural development in Nigeria.

According to him, another project worth $575 million is being implemented to improve rural access and agricultural marketing in participating states.

He added that government was also strengthening the financing institutional base for effective development, maintenance and management of rural roads network.

He gave the participating states as Akwa Ibom, Bauchi, Kano, Katsina, Kogi, Kwara, Kebbi, Ogun, Ondo, Oyo, Plateau and Sokoto.

He said government was implementing the Value Chain Development Programme Additional Financing (VCDP) 2020-2024.

This is to enhance incomes and food security of poor rural households engaged in the production, processing and marketing of rice and cassava.

Mahmoud said the project is currently being implemented in nine states including Niger, Benue, Ogun, Ebonyi, Taraba and Anambra, Nasarawa, Kogi and Enugu “to scale up the achievement recorded in the original VCDP states.”

He said Agro-Climatic Resilience in Semi-Arid Landscapes Project, a $700 million project, is being implemented by three ministries; Environment, Agriculture, and Water Resources.

The 19 states in the northern part of the country and the FCT are the beneficiaries.

“The project’s objective is to mitigate and build the resilience of Nigerian farmers to climate change.

“The project duration is six years – 2022 to 2028.

“More than one million degraded land will be restored within the six years project cycle,’’ the minister said.

Mahmoud said government’s foresight in introducing measures to ward off the effects of Covid-19 and the Russia-Ukraine conflict had paid off.

He stressed that in spite of the challenges, which had slowed down global economy, Nigeria is significantly not experiencing food crisis.

 

NAN

May 11, 2025

Petroleum marketers to Dangote: We’re no cabal; we only have vested interest just like you

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) says no cabal in the…
May 11, 2025

Northern governors call for security strategy overhaul as violence escalates

The Northern States Governors' Forum (NSGF) has praised President Bola Tinubu's ongoing commitment to national…
May 10, 2025

The No. 1 lesson I learnt about relationship building, from a human connection specialist

Developing healthy, lifelong connections is something that Mark Groves knows all about: He equips individuals…
May 10, 2025

Town residents involutarily get high after Police burn 20 tons of confiscated cannabis

The 25,000 residents of Lice, a town in Turkey’s Diyarbakır province, involuntarily got high after…
May 10, 2025

Gunmen kill 30 travellers, burn 20 vehicles in Imo, Amnesty says

Gunmen shot dead at least 30 travellers in an attack in Nigeria's southeastern Imo state,…
May 11, 2025

What to know after Day 1172 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Putin offers Ukraine direct talks without preconditions Russian President Vladimir Putin has offered…
May 11, 2025

African diet – plantains and cassava can be as healthy as tomatoes and olive oil,…

Plantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.