The National Agricultural Commodities Project (NACP) has expressed its appreciation to President Bola Tinubu for his commitment of 500 billion Naira towards bolstering the country’s agricultural production.
During a recent media briefing held in Abuja, Nigeria’s capital, Dr. Bello Abubakar, the National President of the Maize Association of Nigeria and a representative of NACP, conveyed the group’s commendation.
He highlighted the importance of President Tinubu’s palliative plan, aimed at supporting businesses, the working class, and vulnerable groups, as well as policy interventions to combat rising inflation and ensure exchange rate stability.
However, the NACP emphasized that addressing the pressing issue of insecurity, particularly farmer-herder clashes, is paramount for the successful execution of the President’s agricultural initiatives. Only by ensuring a secure environment can farmers return to their fields and contribute to the country’s food production.
The NACP also called for their active involvement in the planned release of 200,000 Metric Tonnes of grains to moderate prices and the distribution of 225,000 metric tonnes of fertilizers, seeds, and other inputs to farmers. Their inclusion will ensure these resources reach the intended beneficiaries and contribute to achieving the food security agenda.
Regarding the intended disbursement of 500 billion Naira, the NACP proposed the formation of a special team responsible for managing and implementing the funds. This team should involve representatives from the entire Agricultural Value Chain to prevent previous administration’s mistakes and ensure a coordinated approach.
For the allocation of 100 billion Naira to the cultivation of Maize, Rice, Cassava, and Wheat, the NACP recommended establishing a committee with active involvement from the respective Commodities associations. This committee’s role would be to develop strategies for converting unsold produce in rural areas into local food derivatives.
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Furthermore, they proposed a timeline of eight weeks for completing certain tasks, such as identifying project locations, capturing participants digitally, and creating input redemption centers in local government areas.
To guarantee the smooth running of the program, the NACP suggested recapitalizing the Bank of Agriculture (BOA) and collaborating with commercial banks. Additionally, they emphasized the importance of facilitating cottage industries in farming communities to minimize wastage and gluts during harvest.
The NACP underscored the significance of a strong security network comprising Agro Rangers, local vigilantes, and the Police, as approved by the National Security Adviser, to protect agricultural assets and investments.
Regarding funding, the NACP recommended a combination of 70% grant and 30% loan for the proposed initiatives, enabling wider participation and sustainability.
While commending the government for enacting these policies and measures, the NACP called on all states and local governments to follow the Federal Government’s lead and replicate similar initiatives in their respective areas.
The increased federal allocations to all tiers of government provide an opportune moment for implementing these crucial agricultural advancements.
Additionally, the NACP encouraged governments at all levels to demonstrate fiscal responsibility by cutting the cost of governance.
By implementing a holistic approach that addresses insecurity, enhances collaboration between stakeholders, and ensures transparent fund management, the National Agricultural Commodities Project believes that President Tinubu’s agricultural vision will pave the way for sustainable growth and food security in Nigeria.
