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Showing posts with label ATA. Show all posts
Showing posts with label ATA. Show all posts

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
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Thursday, September 12, 2013

ATA is govt- enabled private sector agenda to grow agriculture

 
Anthony Nwakaegho/NaijaAgroNet
 
The Agricultural Transformation Agenda (ATA) has been described as the largest ever government-enabled private sector-led effort to grow agriculture in Nigeria.
 
The Acting Director, Communication, Federal Ministry of Agriculture and Rural Development , Greyne Anosike made this remark,  stressing that ATA is a comprehensive effort aim at increasing domestic food production, reduce dependence on food imports and expand value addition to locally produced agricultural products.
 
Anosike noted that through de-regulation, attractive financing, concentrated infrastructure investments, and competitive policies, the sector will be more productive, efficient and competitive.
Findings by NaijaAgroNet revealed that the ATA has the capacity to create 3. 5 million jobs and add 20 million tons to the domestic food supply by 2015.
 
According to the Agriculture Minister Dr Akinwunmi Adesina, “shifting focus towards farming is justifiable and a task that must be accomplished in his time as the nation is facing stiff competition from neighbouring African countries in crude oil sales and the United States of America recent oil discovery, and in neighbouring countries such as Ghana, Angola, among others.”
 
The Agriculture Minister said it has been his dream that attention be shifted from the oil sector to agriculture for it to be driven as a form of business and not just as a mode of life for the old.
 
NaijaAgroNet recalls that since the Agriculture Minister came on board, he had introduced policies that have been favourable to farmers which have changed their orientation of hitherto not being seen as stakeholders in the sector, especially in fertiliser’s distribution.
 
NaijaAgroNet recounts that his laudable achievement is seen in the mode of fertiliser distribution that had destroyed the corrupt middlemen and saving the nation a whooping N25 billion in 2012, while the Growth Enhancement Scheme (GES) allows the farmers key into the e-wallet system, allowing the farmers get seeds in a defined mode and the usage of technology in driving the ATA.
 
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