Ola Akinwunmi
In a bid to revamp food production in Niger State, the National Agricultural Development Fund (NADF) has joined forces with the state government to inject N5 billion into the agricultural sector. This massive investment aims to enhance mixed cropping and production of rice and maize across 4,000 hectares of land, benefiting 4,000 smallholder farmers across three local government areas.
The partnership agreement, signed in Abuja, outlines a 50-50 funding split between NADF and the Niger State Government, with each contributing N2.5 billion. NADF will provide technical expertise, monitoring, and evaluation, while Niger Foods Company will handle off-take and market access responsibilities.
Executive Secretary, NADF, Muhammed Ibrahim, said during the partnership agreement signing ceremony in Abuja, that both NADF and Niger State Government would provide N2.5 billion each.
Under the agreement, the National Agricultural Development Fund (NADF) will provide technical advisory role and monitoring and evaluation of the project with Niger Foods Company expected to provide off take and market access responsibilities.
According to Ibrahim, “Today’s event remains very historic in our effort to boost agriculture through joint funding of large hectares of land to produce food and improve food security for the benefits of our people in line with our mandate.
“We are indeed excited to witness the first of agriculture financing agreements with Niger State and the Niger Foods Limited.”
This agreement is aimed at producing over 20,000 tons of food and impacting at least 40,000 lives while creating employment and wealth generation for smallholder farmers and other demography in line with the Renewed Hope Agenda of our leader, President Bola Ahmed Tinubu”.
This collaboration is expected to significantly improve food production and security in Niger State. The project’s focus on smallholder farmers will also contribute to the growth of the local economy. With this investment, Niger State is poised to become a major player in Nigeria’s agricultural sector.