FG Urged to Allocate 10% National budget to Agriculture

FG Urged to Allocate 10% National budget to Agriculture

 

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The National Coordinator New Partnership for Africa’s Development (NEPAD) Nigeria, Princess Gloria Akobundu, has called on the federal government to allocate not less than 10% of the national budget to the agricultural sector, stressing that it plays an important role in the economic development of any nation.

 

Akobundu made the call Wednesday, in Abuja, in her address delivered during the closing ceremony of the summit on strengthening smallholder farmer capabilities towards productive land restoration amid covid-19 in Nigeria.

 

She said, “unlocking the country’s agricultural potential will create jobs and provide food for domestic supply, thereby reducing the huge amount being spent on food imports”, stressing however the need for a change in strategy if the goal must be achieved.

 

“Agriculture needs to be treated as a business, not as a development program and be better presented in the school system to ensure that it will no longer be viewed by society as a lesser career choice. Also, government needs to allocate not less than 10% of the national budget to the sector,” she added.

 

Akobundu explained that, “The program is focused at accelerating food security at the continent as well as cushion the effects of Covid19 amidst building long term resilience national/regional institutions strengthening for sustainable economic growth and development towards achieving the National Development Goals (NDG’s) of President Mohammadu Buhari.

 

Reported by OLADIMEJI OGUNTOYINBO

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