FG To Create 5 Million Jobs Through Green Imperative Agricultural Mechanisation Program
The federal government is set to create over 5 million jobs through the launch of the Green Imperative Agricultural Mechanisation Program following the announcement of the senate that it has approved a loan valued at €995 million from the Brazilian Development Bank and Deutsche Bank for the development of Nigeria’s agriculture value chain.
This program is conceived to enhance the agricultural sector through the provision of modern machineries and implements. The $1.1 billion partnership will include 10,000 tractors to be assembled in Nigeria and more than 707 centers to be established to train about 10,000 Nigerians.
The aim of this partnership is part of the Federal Government’s plan to address key agricultural gaps, including the inability to meet domestic food requirements and the country’s inability to satisfy growing export demands in particular areas of quantity and quality.
The Loan will fund 632 privately-operated primary production (mechanisation) service centres and 142 Agro-processing (value addition) service centres across Nigeria’s 774 LGAs, and reactivate 6 privately-owned partially-operational or moribund tractor assembly plants nationwide.”
The federal government added that the service centres built with the loans would be used to cover crop and livestock commodities prioritized towards food security and trade.