A COLLABORATION INVOLVING THE CBN, MINISTRIES OF AGRICULTURE AND FINANCE, AS WELL AS THE AfDB TO FAST TRACK DISTRIBUTION OF FARM INPUTS TO FARMERS 

The federal government is making moves to reverse the slow pace of distribution of farm inputs to farmers in Nigeria. This is with the objective of ensuring that the delay do not inhibit the planned objective of the government to win the war against food insecurity in the country. This was hinted by the minister of finance and coordinating minister of the economy, Wale Edun over the weekend. He reiterated the government’s dedication to addressing key issues confronting the Nigerian economy, including agricultural productivity.

Edun, in a statement posted on the ministry’s official X account, said there is a coordinated farming initiative, involving his ministry, the Central Bank of Nigeria (CBN), Federal Ministry of Agriculture and Food Security and the African Development Bank (AfDB). All of them, according to the minister, are collaborating to ensure the timely delivery of fertilisers and other critical inputs to farmers.

Edun at the first meeting of the Accelerated Stabilisation and Advancement Plan (ASAP) implementation committee, said the plan is a significant milestone in Nigeria’s renewed commitment to address critical economic challenges and fostering sustainable development across key sectors.

The ASAP initiative is a key component of President Bola Tinubu’s reform agenda, targeting eight priority sectors, including Agriculture, Energy and Health.

In his opening remarks, the minister highlighted the collaborative nature of the project, informing the committee that they would work closely with technical experts from various government agencies to establish clear milestones and ensure the effective execution of the Plan.

The meeting brought together key government officials, including; the minister of agriculture & food security; the minister of budget and economic planning; the coordinating minister of health and social welfare; the minister of power, minister of state for petroleum resources (Gas) and the director-general of the Budget Office of the Federation, Tanimu Yakubu Kurfi.

The statement added, “As the ASAP implementation committee moves forward, it will focus on driving progress in each of the identified priority areas, ensuring that the Plan’s objectives are met with precision and accountability.”

 

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