The Nation Newspaper Nigeria enters export agreement with Saudi Arabia for red beef, soya beans
‘s foreign exchange earnings, the Minister of Agriculture Senator Abubakar Kyari has informed on ongoing trade agreements with Saudi Arabia to include the annual export of 200,000 metric tons of red meat and one million tons of soya beans.
“Thereafter, precisely on the 9th of May, the Minister of Agriculture of Saudi Arabia paid a return visit to Nigeria, he came here for a two day visit in Abuja, where we exposed him to all our agribusiness entrepreneurs, and they had a far reaching discussion.“Shortly thereafter when they left, they sent us an expression of interest, that they’re interested in 200,000 metric tons of red meat every year and 1 million tonnes of soya.
According to him, the project was approved by the Federal Executive Council during its last Tuesday, adding that the elaborate plan will be rolled out as soon as it is feasible. The Minister further provided updates on the federal government’s food security interventions, disclosing that the distribution of 42,000 metric tons of grains as well as 20 trailers of rice per state, across the federation, by the federal government had been concluded, adding that more than 1,500,000 bags of fertilizer have also been released.
“After deliberations council approved the nominations of the following from the six geopolitical zones: Governor of Borno from North East, Katsina, North Central, Imo from South East, Ekiti from South West, Kwara from North Central, Akwa Ibom from South – South.
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