FG boosts Agricultural sector with N750bn intervention
The Federal government has approved the sum of N750billion Agricultural Intervention Fund to bolster the sector towards food sufficiency, and to diversify the economy.
Acting President, Professor Yemi Osinbajo, disclosed this during the inauguration of Senior Executive Course (SEC) 39 of the National Institute for Policy and Strategy Studies (NIPSS), Kuru-Jos, Plateau State, with the theme ‘Science, Technology and Innovation (STI) for the Development of Agriculture and Agro-Allied Industries in Nigeria.’
Osinbajo, who was represented by Plateau State Deputy Governor, Professor Sonni Tyoden, said the administration is committed to revamping the agricultural sector through the application of science, technology and innovation to the development of agriculture and agro-allied industries.
He said: “Developing the agricultural sector is a clear starting point of our quest for not only the diversification of our hitherto non cultural economy away from oil, it is also the only economy to grow fast enough to absorb the huge number of people that are unemployed.
“Nigeria has over 84 hectares of arable land, and that only 40 percent is cultivated with over 180 million populations,” Osinbajo added.
