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G8 inclusion to boost Nigeria's food production

10 June 2013, 14:24Okoro Chinedu

Lagos - Nigeria's Minister for Agriculture and Rural Development, Akinwumi Adesina, said the country’s inclusion in the G8 New Alliance for Food Security and Nutrition would help Nigeria achieve its Agricultural Transformation Agenda target to create more jobs and increase food production.

The country aims to create 3.5 million new jobs and provide over N300 billion (US$ 2billion) of additional income for local farmers as well as increase food production to 50 million tonnes by 2015.

Nigeria were this past weekend announced as a partner country in the G8 initiative that aims to catalyze private-sector investment in African agriculture.

“We have bold targets for Nigeria’s agriculture transformation and the world is noticing. Nigeria’s inclusion in this initiative backed by all the G8 countries, Nigerian agribusinesses and major multinationals will leverage our domestic resources to deliver on our country’s agricultural promise.

"We are already seeing results from bold policy reforms, donor country support and private sector commitments. This is our moment. The New Alliance will ultimately help Nigerian farmers and agribusiness to sustain this momentum,” Adesina said.

The global partnership reinforces Nigeria’s ties with the private-sector to strengthen investment, create jobs and diversify the country’s economy.
To date, 28 companies have signed letters of intent to invest a total of more than $3.3 billion in the country’s agriculture sector.

“These companies are not doing this for charity. They see the rapid growth in our agricultural sector and vote for Nigeria with investments,” said Adesina.

As one of the newest members of the New Alliance, Nigeria will be a strong advocate for substantive initiatives to improve agricultural production and incomes, focusing attention on empowering women farmers.

The country’s new partnership will continue to drive the imperative to reduce food import bill, promote domestic and regional markets, and create jobs across the entire value chain, ultimately keeping the country on track to meet its agriculture target of increasing food production by 20 million tonnes to 50 million tonnes.

– CAJ News


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