FG to secure €995mn agric equipment for farmers ...Equipment to make Nigeria food secured in 3 years

Posted on May 18, 2020

The federal government is to secure €995million worth of agricultural equipment for Nigerian farmers.

These agricultural machineries comprising tractors and other agricultural machineries will be leased out to farmers.

This is coming under the in-kind facility for agricultural mechanisation to develop agricultural mechanization, recently approved by the Federal Executive Council (FEC).

The in-kind facility is designed to help Nigeria attain food security, create jobs and diversify the economy from oil.

Senior Special Assistant to President Muhammadu Buhari on Agriculture, Dr. Andrew Kwasari told a business intelligence magazine, The Commerce Africa, in Abuja that the agricultural machines will come from Brazil.

According to Dr. Andrew Kwasari the agricultural machines from Brazil “will set the basic foundation across 632 Local Government Areas (LGAs) for proper agricultural service.”

These machines he said will be leased out to the farmers “for fee operations by privately managed service centres in a competitive manner.”