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Tuesday, October 8, 2013

Nigeria, first African country to develop e-wallet -Minister

Anthony Nwakaegho/NaijaAgroNet

The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina has said that Nigeria is the first country in Africa to develop the e-wallet for input delivery to farmers which in turn generated  a total savings of N25 million in 2012 for the  federal government.
Adesina disclosed this at the second EU-Nigeria Business Forum that was held in Lagos, and explained the government was losing about N26.3 million annually to corruption before the introduction of the e-wallet scheme for distribution of fertilisers and seedlings to farmers.

NaijaAgro Net recalls from the minister that the federal government decided to reach farmers directly using mobile phones, which allow it to send farmers electronic vouchers to buy seeds and fertilisers, created the first national data base for farmers with identity cards and biometric information which allows the ministry to give their information to banks to open up the financial space.

"There is no reason why Nigeria is not self-sufficient in many of its food products and our goals are to achieve 20 million metric tonnes of domestic food supply by 2015, to create jobs and of course to create wealth,” Adesina said.

The Chairman of the EU-Nigerian Business forum, Mr. Andre Ronne described the forum as an exchange platform  to consolidate, leverage, improve, harness and deepen economic and business relations and opportunities that between Nigeria and EU member states.

The Trade Counselor for the EU trade delegation, Mr. Massimo De Luca said the Nigerian market was important to the region as conference was expected to create the enabler for viable engagements that will boost good services, quality products and effective operations within the country and EU members’ states.

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pix: Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina

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