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Federal Government To Boost Agricultural Sector In Benue - Minister For Trade And Investment Says

The federal government has stated that it wants to improve Benue State's agriculture sector in order to increase food production and encourage exportation.

This was revealed by Mariam Katagum, Minister of State for Industry, Trade and Investment, at the official inauguration of the state office for the Nigeria Agribusiness and Agro-Industry Development Initiative in Makurdi yesterday (NAADI).

"This project is crucial within the context of the present administration's efforts anchored on the Economic Recovery and Growth Plan (ERGP), and by extension, the Economic Sustainability Plan (ESP) being executed by my ministry," Katagum stated at the ceremony.

"The strategy aims to grow the non-oil industry, among other things, to raise production, encourage value addition, and exports in order to increase foreign exchange, wealth, and job creation." The NAADI program, which was established in the context of the ministry's Nigeria Industrial Revolution Plan (NIRP), represents a paradigm shift for Nigeria's agro-industrial revolution.

The minister, who was represented by the ministry's Director of Commodity and Export Department, Suleman Audu, stated that NAADI's overall goal is to develop an industrialized and commercialized agriculture sector with highly productive and profitable commodity value chains in order to accelerate the economy's growth and diversification into differentiated high-value products.

Small producers and marketing organizations, as well as small and medium agro-industry and agribusiness firms, were among the targeted targets, according to her.

"This effort was completely led by the leadership of the state Governor, Dr. Samuel Ortom, who was then the minister of state for Industry, Trade, and Investment, from inception in 2010 by the ministry," she says. The predicted overall benefits, which include encouraging the flow of equity investment to fill sectoral equity investment gaps, among other things.

"Especially in sectors critical to the country's trade and export competitiveness, with the potential to improve the flow of foreign capital into the country; improve the country's agribusiness performance; reduce the country's reliance on agro-industry imports; and support the human capacity building of MSMEs, particularly youths and women working in export supply chains."

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Benue Benue State Economic Sustainability Plan Katagum Mariam Katagum


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