Finance Minister Reveals How FGN Launches Wheat Subsidy To Promote Food Security In Nigeria

Spread the love

The Federal Government has initiated measures to subsidise local wheat production to enhance food security and reduce reliance on imported wheat.

This effort is part of a broader strategy to promote agricultural productivity and bolster economic growth through the National Agricultural Growth Scheme and Agro Pocket (NAGS-AP).

Speaking in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed that the scheme spans 16 wheat-producing states and is designed to empower farmers with financial support and resources for improved wheat cultivation.

The National Project Coordinator, Ishaku Buba, while briefing the minister, noted the financial incentives provided under the programme. These include a 25 percent subsidy on certified wheat seeds and a 50 percent subsidy on fertilizers, aimed at reducing production costs for farmers.

Participating farmers are required to contribute resources to cover inputs for one hectare of irrigated land. Fertilizer packages vary based on regional soil needs, with most farmers receiving 50kg of urea and 100kg of NPK fertilizer.

Farmers in Jigawa State, known for its nutrient-deficient soil, will receive additional inputs, reflecting the state government’s commitment to boosting wheat production.

The initiative aims to support 280,000 smallholder farmers and a select group of medium-scale farmers organized into clusters. To facilitate input distribution, 409 redemption centres have been established nationwide, with 281 already operational. These centres have reached 68,389 farmers, representing 24.42% of the target.

The input distribution phase is expected to conclude later this month to align with the wheat planting calendar.

Enhanced security measures, including personnel from the Police, Department of State Services (DSS), and Nigeria Security and Civil Defence Corps (NSCDC), have been deployed at redemption centres to ensure smooth operations.

Edun commended the project team for their efforts, stressing the scheme’s potential to strengthen food security, support rural economies, and reduce Nigeria’s dependence on imported wheat.

He noted that this innovative subsidy initiative is a critical step toward creating a self-reliant and food-secure nation.

With this ambitious programme, Nigeria is poised to make significant progress in wheat production. By addressing the challenges of high input costs and providing targeted support to farmers, the Federal Government aims to enhance the nation’s agricultural landscape and reduce its import bill.

Leave a Reply

Your email address will not be published. Required fields are marked *

Social Media Auto Publish Powered By : XYZScripts.com