In a bid to promote agricultural mechanisation and sustain the economy, Vice President, Yemi Osinbajo, has said the federal government will soon unveil the $100 billion Green Imperative Nigeria-Brazil Bilateral Development Programme.
Osinbanjo made this disclosure at the opening ceremony of the Nigerian Diaspora Investment Summit 2021, tagged, ‘Diaspora Partnership and Linkages for Post COVID Economic Growth,’ organised by the Nigeria Diaspora Summit Initiative in collaboration with the Nigerians in the Diaspora Commission in Abuja.
According to the Vice President, the initiative would make use of Brazilian technology to develop agricultural mechanisation to make farming a dignified venture for Nigerians, and ultimately increase agricultural production and boost food security.
In a statement obtained by AgroNigeria, Osinbajo said the first phase of the programme will involve the allocation of over $200 million for the creation of about 780 agricultural service centres as an avenue for training and equipment sharing.
He said the second phase will oversee technology transfer from Brazil to Nigeria via the commercialisation of agricultural equipment and input such as tractors, planters, seeders, fertilizers and pesticides.
Represented by the Secretary to the Government of the Federation, Boss Mustapha, the Vice President noted that the programme was designed to transform agriculture and scale-up productivity in Nigeria.
“Its design is to sustain the economy through the use of Brazilian technology for the development of agricultural mechanization to make farming a dignified venture for Nigerian people and ultimately increase agricultural production and boost food security.
“This solution for Nigeria is the connection of the agricultural value chain through an investment package of initial financing of $100bn set by the governments of Brazil and Nigeria to be used for the improvement of overall infrastructure in the rural areas of Nigeria,” he said.
Furthermore, Osinbajo said the key objective of the programme is to scale up the country’s agricultural sector through close collaboration between Nigerian and Brazilian industries, for the delivery and use of technology to improve crops.
The post Fed govt to Unveil $100bn Green Imperative Nigeria-Brazil Bilateral Development Programme first appeared on AgroNigeria.
The post Fed govt to Unveil $100bn Green Imperative Nigeria-Brazil Bilateral Development Programme appeared first on AgroNigeria.