The Federal Government is targeting five million jobs with its new agricultural revolution tagged: “The Green Imperative”.
It plans to invest some $1.2 billion in the scheme, which has it said will inject $10 billion into the economy within the next 10 years.
Information, Culture and Tourism Minister Lai Mohammed and Agriculture and Rural Development counterpart Sabo Nanono gave the details on the programme at a joint briefing in Abuja. “The programme, worth $1.2 billion, is to be implemented over a period of 5-10 years with funding from the Development Bank of Brazil and Deutsche Bank; with insurance provided by Brazilian Guarantees and Fund Managements Agency and the Islamic Corporation for Insurance of Export Credit of the Islamic Development Bank , and coordinated by Getúlio Vargas Foundation .
Establishment of 632 mechanisation service centres to support primary production in the 774 local government areas and the Federal Capital Territory. This will create 774 service centers nationwide to mechanize our farming methods and process or add value to farm produce locally, leading to efficiency and eliminating post-harvest losses, thereby cutting down cost of food all year round.The programme will create about five million jobs and inject over $10 billion into the economy within 10 years.
“The programme design was jointly done by Nigeria and Brazil. The Honourable Minister of Agriculture and Rural Development set up a High-Level Inter-Ministerial Committee for the bilateral programme design. “Since 2015, the Buhari administration has been working hard to bring about irreversible change in many sectors and to diversify the economy away from oil.”
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