The Federal Government yesterday said it has secured a $134 million loan from the African Development Bank (AfDB), to strengthen Nigeria’s agricultural sector, particularly toward bolstering food security through enhanced dry season farming.
Speaking at the unveiling of the 2024/2025 National Dry Season Farming programme in Calabar, Cross River State, a chief spokesperson for the Ministry of Agriculture and Food Security, Anthonia Eremah,confirmed that the loan would aid in expanding seed and grain supplies for farmers nationwide.
According to Ms. Eremah, the initiative aims to mitigate food scarcity by supporting farmers through the re-introduced National Agricultural Growth Support Scheme-Agro Pocket (NAGS-AP) Project.
The initiative, backed by the newly-acquired loan, will initially support 150,000 rice farmers, covering all 36 states, and the Federal Capital Territory (FCT), Abuja.
The government expressed the hope that this effort will yield around 450,000 metric tonnes of rice in its second phase.
Ms Eremah continued: “This programme will provide the much-needed resources to farmers and, in turn, bolster Nigeria’s food production capacity, addressing the needs of communities nationwide.”
The government’s renewed focus on dry season farming underscores its commitment to sustainable food production and security, especially amid recent concerns over fluctuating agricultural output and food prices.
With AfDB’s financial backing, the government aims to fortify Nigeria’s agricultural output, making strides toward both rural development and economic stability.
This programme will provide the much-needed resources to farmers and, in turn, bolster Nigeria’s food production capacity, addressing the needs of communities nationwide.
