Nigeria’s Minister of Finance, Wale Edun, has announced plans to reduce the country’s reliance on food imports and increase domestic agricultural production. Speaking at a press conference in Abuja, Edun declared that the era of heavy food importation must end, citing the need for self-sufficiency.
The government plans to support small-scale farmers with seeds, fertilizers, and other critical inputs through schemes like the Nigerian Agricultural Growth Scheme. This initiative aims to enhance both wet and dry season harvests, reducing imports and boosting productivity.
Edun emphasized the importance of balancing imports with domestic production, warning against disrupting local farming. “We mustn’t disrupt farming in Nigeria by flooding the market with imports,” he said.
Nigeria’s agricultural sector faces challenges, including low yields and rising food prices. The government aims to double agricultural productivity through improved local seedlings and better farming practices.
Minister of Budget and National Planning, Abubakar Bagudu, highlighted Nigeria’s growing population as a critical challenge. The country’s population has doubled from 119 million in 1999 to 230 million today, increasing demand for infrastructure, education, and healthcare.
This shift in strategy is part of Nigeria’s economic recovery plan, aiming to achieve food security and economic independence. As the country navigates the impact of fuel subsidy removal, boosting agriculture is crucial for its economic overhaul.
For more information on Nigeria’s agricultural plans and economic reforms, consider checking reputable news sources or official government websites.
