Business & Loans
President Tinubu Reveals 12 Intervention Plans For Food Security
President Tinubu Reveals 12 Intervention Plans For Food Security
Following President Tinubu’s proclamation of a state of emergency on food security today, Mr. Tinubu revealed a comprehensive intervention plan on food security, affordability, and sustainability, taking decisive measures to combat food inflation.
According to President Tinubu, these are efforts toward making Nigeria more food secure for everybody. Our new measures will address rising food prices, improve agriculture, and increase job growth. Tinubu remarked, “No one will be left behind in our efforts to ensure affordable, plentiful food for every Nigerian.”
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Key Points of the Intervention Plan
1. Immediate release of fertilizers and grains to farmers and households.
2. Synergy between Ministry of Agriculture and Ministry of Water Resources for irrigation and all-year round farming.
3. Creation of National Commodity Board for price assessment and maintenance of strategic food reserve.
4. Increased security measures for farms and farmers.
5. Central Bank’s role in funding agricultural value chain to be enhanced.
6. Activation of 500,000 hectares of land for farming and river basins for continuous farming.
7 Deployment of concessionary capital/funding to the agricultural sector.
8 Improvement of transportation and storage facilities for agricultural products.
9. Increase of revenue from food and agricultural exports.
10. Improved facilitation of trade by working with Nigerian Customs.
11. Massive boost in employment and job creation in the agricultural sector.
12. Commitment to ensuring every Nigerian has access to affordable food.
Our ultimate goal is to ensure Nigerians are positively impacted. With these measures, we are confident of a brighter, prosperous future for all Nigerians, President Tinubu stated.
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