A One Stop Online Read Magazine in Nigeria

FG obtains 134m dollar loan from AfDB to boost wheat production

0

FG obtains 134m dollar loan from AfDB to boost wheat production

The Federal Government of Nigeria has obtained a 134-million-dollar loan from the Africa Development Bank (AfDB) to boost wheat production.

The Minister of Agriculture and Rural Development, Dr 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 the 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.

Read Also: Former IGP Tafa Balogun dies at 74

The wheat, he said, would be cultivated in Jigawa, Kebbi, Kano, Bauchi, Katsina, Kaduna, Sokoto, Zamfara, Gombe, Plateau, Borno, 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 dollars worth of externally-funded projects being implemented by the Buhari administration.

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

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

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

FG obtains 134m dollar loan from AfDB to boost wheat production

Leave A Reply

Your email address will not be published.

twelve + 20 =