Search NaijaAgroNet

Tuesday, March 10, 2015

Agriculture boosts Nigeria Economy with N777 billion

Despite the austerity measures in Nigeria, the Federal Government has said the country’s economy has grown by N777bn, courtesy of the Agricultural Transformation Agenda (ATA), reports NaijaAgroNet.

Honourable Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, made this known at the inauguration of the African Development Bank-assisted Agricultural Transformation Agenda Support Programme Phase I, which held at the International Institute for Tropical Agriculture in Abuja.

The minister told NaijaAgroNet that the total agricultural GDP growth in a period of just three years within 2011-2013 surpass the total collective GDP for the eight-year period of 2000-2008.

“The Agricultural Transformation Agenda has added over N777bn in income to the economy. The agricultural GDP of Nigeria rose from N14tn in 2011 to N15.8tn in 2012 and N16.8tn in 2013. The total agricultural GDP in just three years (2011-2013) was N46.6tn, surpassing the total cumulative GDP for the eight-year period of 2000-2008 of N42tn,” he said.

According to Adesina, it was challenging for Africa to unlock all its capability to produce enough food to feed itself as well as feed the world even though the agriculture potential of Africa is vast.

Chidozie Anibueze/GEE
... Linking agrobiz, sustainable environs, people & technology

No comments:

Post a Comment

Share ur views here