Agriculture Receives Boost As FG Approves N15 Billion For The Recapitalization Of Bank Of Agriculture

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In its attempt at modernising agriculture and ensuring that farmers are real beneficiaries of its policies, the Federal Government has made moves towards bringing agricultural inputs closer to the farmers. This is through the implementation of Growth Enhancement Support Scheme (GES).

In the same vein, the FG has approved that N15 billion be provided to recapitalise the Bank of Agriculture.

FG In New $3bn Agriculture Financing Agreement With USAID

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In the latest of its moves at receiving foreign aids, the Federal Government yesterday agreed on a $3bn agriculture financing with United States Agency for International Development (USAID). The agreement was for USAID to extend its financing role to the agricultural sector, in order to boost the activities of the sector.

During the agreement, the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, and Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, signed on behalf of the Federal Government, while the USAID Administrator, Dr. Rajiv Shah, signed for the Agency.

N60 billion to be spent on cellphones for farmers not true - Minister of Agriculture

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Press statement from the Minister of Agriculture, Dr Akinwumi Adesina

My attention has been drawn to the issue of 60 Billion Naira to be spent on phones for farmers, reported in some media sites and papers. The information is absolutely incorrect. My Permanent Secretary was totally misquoted out of context. There is no 60 Billion Naira for phones anywhere. As a responsible Minister, who takes public accountability and probity very seriously, there is absolutely no way in the world that I will even contemplate or approve such an expenditure. All our focus as Government is on creating jobs in Nigeria, not exporting jobs elsewhere.