Nigeria’s Minister of Agriculture and Rural Development, Chief Audu Ogbe affirmed the commitment of the Federal Government of Nigeria in adopting a new policy soon to foster growth in the country’s agricultural production.
Professor Danbala Danju, the Managing Director of Bank of Agriculture who represented the Minister on Friday 29th July, 2016, at a two-day summit organised by Daily Trust/Nigeria Promotion Investment Commission, North West Zone, in Kano, said that the move is aimed at creating domestic food security, jobs, conserve foreign exchange.
“The move is aimed at creating domestic food security, jobs, conserve foreign exchange, as well as diversify the country’s economy through the stimulation of agricultural exports” Professor Danju told the participants.
He further stated, the current administration is poised to make a decisive impact in a few year’s time in order to fully diversify the economy, through breaking into dynamic export market as well as developing an enabling environment, sustained capacity building, market intelligence, coordination and specific competitive strategies, for different areas and products with clear metrics, rewards and sanctions regime.
The Minister emphatically agreed that productivity growth in Nigeria’s agriculture has been hampered by inefficient infrastructure, input and farming systems, due to aging farmers, lack of quality seeds, fertilisers, irrigation, crop protection and related support to make them successful due to the overdependence on oil as the major source of revenue for the country.