33 C
Abuja
Wednesday, January 29, 2020

FG set to create five million jobs with Brazil’s $1.1billion loan

Must Read

Indian PM Modi says it would take Indian Army 10 days to ‘make Pakistan bite dust’

  Indian PM Narendra Modi said that the Indian military could take down neighboring Pakistan within a week – 10...

Dangote Farms commissions tomatoes nursery to provide seedlings for farmers

    In a bid to make Nigeria self-sufficient in tomato production, Dangote Tomatoes Processing Limited, owned by the younger brother...

$82,570 internet fraud: Mother, son jailed 3 years each

      Trapped in the quicksand of internet fraud, a mother and son are to spend 12 years in jail each...

The Federal Government is targeting to create five million jobs with the the launch of ‘The Green Imperative’ agricultural mechanization programme with a $1.1 billion loan from the Brazilian government.

The Green Imperative is a Brazil – Nigeria bilateral project conceived to enhance the agricultural sector through the provision of modern machineries/ implements.

The $1.1 billion partnership also include 10,000 tractors to be assembled in Nigeria, more than 707 centers to be established to train not less than 10,000 Nigerians.

This is coming as part of federal government plans to mitigate key agricultural gaps including the inability to meet domestic food requirements and Nigeria’s inability to satisfy growing export demands in terms of quantity and quality

The country is challenged by her input system, hampered by farming models that are largely inefficient, poor seedlings, lack of adequate fertilizer input, poor irrigation system as well as absence of crop protection.

Vice President, Yemi Osinbajo, who launches the project Thursday at the State House Conference Center, Abuja, the ‘Green Imperative’ is  aimed at boosting agricultural production in Nigeria.

Osinbajo described the project as “signature focused”, noting that “We cannot bring our nation out of poverty without investment in agriculture. Also the share number of young people coming into of age will not only need to be fed but employed. They want dignified jobs with decent pay.”

The Vice President further described the  ‘Green Imperative’, as a game changer,  because with mechanized agriculture everything becomes different.

“Today, we are producing paddy rice as much as we need because of mechanization of agriculture. The only way to make the quantum leap required in our economy is what we are doing today with this project, the Green Imperative.”

Osinbajo added that “One of the reasons young people don’t warm up to agriculture is because it is not mechanized but that will change with this project.”

He added that with the Green Imperative, “We have made a significant difference in creating food sufficiency and decent jobs. We have ensured that this will be private sector driven.”

The Minister of Agriculture, Audu Ogbeh, advises youths to seek another empire, to seek wealth through agriculture, adding that having another address other than politics as this will give them a voice in the society, adding that “With Brazilian support we will get to where we want to get to.

“Importation alone does not make a country great, production does. By importation we also imported poverty and unemployment but this  administration is set to reverse all that. Work is prayer in action.”

Ogbe assured the Brazilian team that the environment will be friendly and welcoming, adding that, “There is nothing wrong in borrowing if you use it well, it is when you waste that you invite disaster.”

The Minister or Finance, Zainab Ahmed, in her remarks, said the Muhammadu Buhari’s administration sees it as a national emergency to explore every possible opportunity to grow the non-oil sector.

She said the launch of one of the products of the diversification initiatives of the Government, christened ’Green lmperative’, is designed to promote agricultural mechanization, create employment opportunities for our energetic youth and help achieve food seIf- sufficiency.

Ahmed said, “the project we are launching today will be implemented with a total loan package of US$1.1billion majorly from the Brazilian Government which will be disbursed in four tranches over a period of two years. It is pertinent to state here that greater percentage of the loan will be provided in kind through the supply of agricultural machineries and implements in form of Completely Knocked Down (CKD) parts. This arrangement is expected to reduce fiduciary risks and create more employment opportunities for our teeming youth and those that will be involved in assembling the machineries and implements.

 

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Indian PM Modi says it would take Indian Army 10 days to ‘make Pakistan bite dust’

  Indian PM Narendra Modi said that the Indian military could take down neighboring Pakistan within a week – 10...

Dangote Farms commissions tomatoes nursery to provide seedlings for farmers

    In a bid to make Nigeria self-sufficient in tomato production, Dangote Tomatoes Processing Limited, owned by the younger brother of Africa’s richest man, Sani...

$82,570 internet fraud: Mother, son jailed 3 years each

      Trapped in the quicksand of internet fraud, a mother and son are to spend 12 years in jail each for duping an American of...

About $1m worth of counterfeit money from China seized at U.S port

  U.S. Customs and Border Protection officials revealed seizing $900,000 in counterfeit cash – all of it in singles. The dollar bills were discovered in December at...

More Articles Like This

- Advertisement -