The year 2014 marks 100 years of existence for Nigeria. During his speech to welcome the citizens of Nigeria into the new year, and to mark the beginning of the centenarian year the President of Nigeria HE Goodluck Ebele Jonathan among many other things , informed on plans in place for the agricultural sector. Below are excerpt from the speech as it relate to agriculture, agribusiness, youth and financing of sector
THE PAST YEAR -2013
“We are witnessing a revolution in the agricultural sector and the results are evident. We have tackled corruption in the input distribution system as many farmers now obtain their fertilizers and seeds directly through an e-wallet system. In 2013, 4.2 million farmers received subsidized inputs via this programme. This scheme has restored dignity to our farmers.
Last year we produced over 8 million metric tonnes of additional food; and this year, inflation fell to its lowest level since 2008 partly due to higher domestic food production. Our food import bill has also reduced from N1.1 trillion in 2011, to N648 billion in 2012, placing Nigeria firmly on the path to food self-sufficiency.
The sector is also supporting more jobs. Last year, we produced 1.1 million metric tonnes of dry season rice across 10 Northern states; and over 250,000 farmers and youths in these States are now profitably engaged in farming even during the dry season.
This Administration is also developing our water resources which are key for both our food production and job creation goals. In 2013, we completed the construction of nine dams which increased the volume of our water reservoirs by 422 million cubic metres. Through our irrigation and drainage programme, we have increased the total irrigated area by over 31,000 hectares creating jobs for over 75,000 farming families while increasing production of over 400,000 metric tons of assorted irrigated food products.”
“To sustain Nigeria’s ongoing agricultural transformation, we have planned further investments in the sector. We will provide input subsidies to five million farmers nationwide using the e-wallet system. This Administration recently launched a self-employment initiative under the Youth Employment in Agriculture Programme (YEAP), called the Nagropreneur programme. This scheme would encourage our youth to go into commercial agriculture as entrepreneurs and we plan to develop over 750,000 young Nagropreneurs by 2015.
We will also establish new agro-industrial clusters to complement the staple crop processing zones being developed across the country. In 2014, this Administration will continue to work with the private sector to improve financing in the agricultural sector. For example, we will launch the Fund for Agricultural Finance in Nigeria (FAFIN) which will serve as a private equity fund to invest in agri-businesses across the country.
Our Small and Medium scale enterprises (SMEs) will be the bedrock of Nigeria’s industrialization. We have about 17 million registered SMEs, and they employ over 32 million Nigerians. When our SMEs grow, more jobs will be created for our youth. Therefore, in 2014, this Administration will focus strongly on implementing the Nigeria Enterprise Development Programme (NEDEP) to address the needs of small businesses. Our interventions will include helping SMEs with access to affordable finance, business development services, and youth training. In addition, our new CET policies will enable us to support our emerging industries.”
So tell us by commenting under this blog post. Is the President capable of pullling these through? Are there some areas you believe should be given attention aside what has been mentioned? Remember your opinion counts
Excerpt sourced from Full Text of Speech that can be found in the DailyPost Nigeria Newspaper