FG to secure €995mn agric equipment for farmers
The federal government is to secure €995million worth of agricultural equipment for Nigerian farmers.
The in-kind facility is designed to help Nigeria attain food security, create jobs and diversify the economy from oil. These machines he said will be leased out to the farmers “for fee operations by privately managed service centres in a competitive manner.” According to him, “this design logic is meant to prioritize tackling of the primary issues of post-harvest losses commonly suffered by smallholder farmers and also, to domesticate efficient supply chain operations where factories or aggregation hubs are closer to sources of raw material as well as strengthen quality and standards control for out grower scheme.
When the programme takes off fully, it is expected to “create at least 5 million jobs and 35million nutritional and economic impacts on Nigerians.”
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