The Federal Government says it has secured a $134 million loan facility from the African Development Bank (AfDB) to support farmers in boosting seed and grain production across the country.
The Federal Government has endorsed the activation of the Food and Agriculture Organization (FAO) Digital Village Initiative (DVI) to boost sustainable agro-food productivity in Nigeria.
The federal government has approved a 150-day duty-free window to allow the importation of maize, husked brown rice and wheat as part of measures to combat rising food inflation in the country.
The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, has estimated that the country needs about 312,000 metric tons of seed in 2024 to achieve objectives in food security, food sufficiency, and global stability.
The Federal Government has praised Olam Agri in Nigeria for its significant investment in boosting agricultural output and growth in the country.
The federal government has appealed to the International Fund for Agricultural Development (IFAD) to provide additional funding of $20 million for the Livelihood Improvement Family Enterprise – Niger Delta (LIFE-ND) phase 2 and $5 million grant for Value Chain Development Program (VCDP).
The federal government is planning the release of around 58,500 metric tonnes of milled rice to the market as a measure to stabilise the market.
The Tinubu administration revealed that it plans to fast-track Phase I and Phase II of the AfDB and SAPZ project.
