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Oriental News Nigeria
Home»Business»Agriculture»Government Earmarks N26bn for 2015 dry season farming
Agriculture

Government Earmarks N26bn for 2015 dry season farming

By orientalnewsngJanuary 26, 2015No Comments3 Mins Read
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Yemisi Izuora
Akinwumi Adesina Agric Minister
The federal government has permitted the release of N26 billion for 2015 annual dry season farming programme to sustain efforts aimed at producing more food.

President Goodluck Jonathan who stated this explained that as crude oil prices decline government would create new wealth from the richness from the soils, the vastness of the rivers and the abundance of Nigeria’s cheap labour, adding that Nigeria e will produce more, and will industrialise the agricultural sector.

Announcing the injection of funds for the 2015 dry season, the president declared all those owing the country on rice import duties must pay up.

He said Nigeria will not be held captive by rice importers, emphasizing that there will be no sacred cows in government’s efforts to achieve its vision of self-sufficiency in rice production for the country.

He said the approval was to appreciate the contribution of rural farmers to massive food production in the country and to encourage the farmers to crop thrice a year to boost food production and eliminate hunger and poverty.

Akinwunmi Adesina, minister of agriculture, had in Lagos recently said the sum of N36.56 billion was owed the Federal Government by foreign and local importers who wish to run their own rice policy.

The president, stated that rice farmers across the country now have a new lease of life, owing to the transformation taking place in the sector adding that over six million rice farmers have received improved rice seed varieties, boosting domestic rice production by an additional seven million tons.

He said the rice revolution was taking place across the country from Kebbi, Kano, Kaduna, Katsina, Zamfara, Sokoto, Bauchi, Gombe, Niger, Kogi, Ogun, Ekiti, Ebonyi, Rivers, Anambra, Delta, Edo to Bayelsa state.

Jonathan said the number of integrated rice mills had expanded from one at the beginning of this administration to 24 today. “We have transformed the face of agriculture, our country is producing more food than ever before. Our national food production has expanded by 21 million metric tons within the past three years.

“Our food import bill declined from N1.1 trillion in 2009 to N634 billion in 2013 and continues to decline; this is progress and we must continue to move forward”, Jonathan added.

He said the number of seed companies has also increased from 11 to 134 within the past three years, increasing access to high quality seed from 4,252 metric tons in 2011 to over 149,484 metric tons today.

According to him, with N900 billion ($5 billion) of new investments in the fertiliser sector, Nigeria will soon become self-sufficient in fertiliser production, and turn into a net exporter of fertiliser.

As this happens, the price of fertilisers will decline, and farmers will be able to afford more fertilisers to boost their food production, Jonathan said.

To further spur the traditional fishing competition in Argungu and promote fishing eco-tourism in the country, the president also directed the Federal Ministry of Agriculture to henceforth provide annual financial support for the Argungu festival.

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