The federal government has taken a major step towards enhancing efforts to increase agricultural output in the country. This will involve the increase of production of soyabean and sugar. Towards this end the government has decided to partner with Trans Sahara Consortium in the areas of Soyabean and Sugar production. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.
The minister spoke in Abuja, when he received a delegation from Trans Sahara Consortium Limited, led by its Chairman, Senator Ibrahim Turak. A statement signed by the Director, Information and Public Relations FCAI, Mohammed Manga, indicated that the delegation was there to discuss the Consortium’s ambitious Soybean and Sugar Projects.
The projects, designed to significantly boost Nigeria’s agro-industry and address the country’s trade deficit, align with the president’s mandate of enhancing food security and strengthening the agricultural sector.
The minister said the consortium’s initiative is a game-changer for Nigeria’s agricultural sector. He said, “We are committed to supporting innovative projects that drive economic growth, promote food security, and empower Nigerian farmers” Edun’s commitment implied.
“The projects will involve the cultivation of 3 million hectares of soybean and the establishment of sugarcane processing plants, aiming to produce millions of tons of sugar for domestic consumption and export.
“This partnership is a significant step towards realizing our vision for a prosperous Nigeria. We will work closely with Trans Sahara Consortium Limited to ensure the successful implementation of these projects.”
The minister’s expression of the government’s interest in embarking on a partnership with Trans Sahara Consortium is a reaffirmation of the present administration’s commitment to transform Nigeria’s agricultural landscape, with the potential to boost food security, reduce trade deficits, and empower local farmers.
