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Saturday, August 15, 2015

Echono hails NABG’s $1.8b agric investment

The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Sonny Echono, has commended the Nigeria Agribusiness Group (NABG) for their projected $1.8 billion, about N358.2billion investment to assist smallholder farmers in 22 states of Nigeria, NaijaAgroNet reports.

“Your recognition that smallholder farmers are the largest private sector group in Nigeria has helped to foster economic growth in rural Nigeria as you provide guaranteed take-off markets for millions of smallholder farmers across the country.

“Sixteen of you have committed to invest in agriculture and agribusiness across 22 states of Nigeria a total $1.8 billion. Turning these commitments into real investments will undoubtedly help to create jobs for our teeming youth population and women and help to lift millions of farmers out of poverty”.

According to Worldstageonline, Echono stated this while addressing the first annual general meeting of the NABG in Lagos. He added that the group had helped to foster economic growth in Nigeria through the provision of take-off grants for smallholder farmers, NaijaAgroNet gathered.

“We are better positioned for inclusive growth where small, medium and large farmer groups will co-exist to generate wealth for millions of Nigeria and the unemployed youths and women. We have ended the dominance of government and I am optimistic that the private sector will lead Nigeria in restoring its past glory in agriculture,” He said.

 “I am confident that the group will continue to attract viable local and foreign direct investments into agriculture and agribusiness together with our Development Partners and other Ministries, Departments and Agencies (MDAs).” 

Cyriacus Nnaji/ED,OPs

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Pix:Sonny Echono,

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