Brazil signs MoU to enhance agribusiness development across Nigeria’s 774 local government areas

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Local governments in Katsina State have capacity to benefit from this agreement but depends on the priority of this administration as inside sources of the current administration revealed that the governor have some personal priorities which will be his focus for now but KatsinaMirror had reported that people are begging the governor to focus more on projects that will put food on the table of the common man because people are crying of hunger.

A Memorandum of Understanding (MoU) has been signed by the Federal Government of Nigeria, through the Ministry of Agriculture and Food Security (FMAFS) with Brazil’s Fundação Getulio Vargas (FGV) at the FGV Headquarters in Rio de Janeiro, Brazil, on the sidelines of the G20 Leaders’ Summit which focuses on private sector development in fertiliser production, hybrid seed technology, and agricultural finance to enhance agribusiness development across Nigeria’s 774 local government areas

Mr. Temitope Fashedemi, the Permanent Secretary of FMAFS, signed on behalf of Nigeria, highlighting that the partnership enables Brazil to collaborate with Nigeria’s growing agricultural sector while the President of FGV, Professor Carlos Ivan Simonsen Leal, represented Brazil.

Mr. Temitope Fashedemi said, “This partnership paves the way for Brazil to engage with Nigeria’s dynamic and rapidly growing agricultural sector. Together with FGV, we are poised to unlock the potential of private sector investment in key areas critical to our food security,” 

The MoU is linked to the Green Imperative Project (GIP), a $1.2 billion collaborative initiative launched in 2018 to modernize Nigeria’s agricultural sector using Brazilian expertise in tropical agriculture.

The Green Imperative Project, supported by Deutsche Bank, will deliver transformative agricultural technologies and capacity-building programs over its 10-year duration.

It will empower one local agribusiness in each of Nigeria’s 774 LGAs with technical and financial support over the next five years drawing $4.3 billion in private-sector investments in fertiliser production, hybrid seed technology, and agricultural finance.

Nigeria aims to adopt sustainable agricultural practices and enhance food production to ensure food security.

“Brazil is eager to transfer its expertise in tropical agriculture to support Nigeria’s journey towards food security and economic growth.”  Professor Leal emphasized reiterating Brazil’s commitment

Brazilian meatpacking giant, JBS, has committed $2.5 billion to Nigeria’s livestock sector, while the federal government has also partnered with Mastercard to enhance financial inclusion for farmers across the continent.

JBS has also signed a memorandum of understanding to establish six factories over five years, three for poultry, two for beef, and one for pork production. This investment will also include feasibility studies, budget planning, and the development of Nigeria’s local supply chain in line with efforts to strengthen food security in Nigeria.

Senator Abubakar Kyari, the Honourable Minister for Agriculture and Food Security in his remarks said, “As part of our focus, we are prioritizing the distribution of agro-inputs to farmers, repositioning agricultural institutions, and fostering deeper engagement between farmers, herders, and local communities.

“Additional initiatives include partnering on irrigation projects, strengthening soil fertility and information systems, establishing research institute laboratories, and repositioning relevant universities, faculties, and colleges.”

Local government in Katsina State have capacity to benefit from this agreement but depends on the priority of this administration as inside sources of the current administration has revealed that the governor have some personal priorities which will be his focus for now but KatsinaMirror had reported that people are begging the governor to focus more on projects that will put food on the table of common man because people are crying of hunger.

KatsinaMirror reported one of the latest executive council meetings held in the state had the Deputy Governor, Malam Faruk Lawal as saying, “The Katsina State Government is dedicated to providing world-class infrastructure that will not only enhance the mobility of our citizens but also stimulate economic growth and investment in the state.”

Briefing the journalists after the council meeting, the State Commissioner of Works and Transport, Engr. Sani Magaji Ingawa, announced the approval of several infrastructure projects aimed at enhancing connectivity and revitalizing urban areas within the state.

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