The Federal Government also unveiled a comprehensive intervention plan on food security, affordability, and sustainability, taking decisive action to tackle food inflation.
“Our new initiatives will tackle rising food costs, enhance agriculture, and boost job creation. No one will be left behind in our efforts to ensure affordable, plentiful food for every Nigerian,” the President said. The 12 key intervention plans are:
1 Immediate release of fertilizers and grains to farmers and households.
2 Synergy between Ministry of Agriculture and Ministry of Water Resources for irrigation and all-year-round farming.
3 Creation of National Commodity Board for price assessment and maintenance of strategic food reserve.
4 Increased security measures for farms and farmers.
5 Central Bank’s role in funding agricultural value chain to be enhanced.
6 Activation of 500,000 hectares of land for farming and river basins for continuous farming.
7 Deployment of concessionary capital/funding to the agricultural sector.
8 Improvement of transportation and storage facilities for agricultural products.
9 Increase of revenue from food and agricultural exports.
10 Improved facilitation of trade by working with Nigerian Customs.
11 Massive boost in employment and job creation in the agricultural sector.
12 Commitment to ensuring every Nigerian has access to affordable food.
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