FG unveils new agribusiness plan to curb food inflation
By Kunle Sanni
The federal government is set to launch a National Agribusiness Policy Mechanism (NAPM) to boost agricultural productivity, stabilise food prices, and address rising food inflation.
Vice President Kashim Shettima announced the initiative on Friday during a meeting of the Presidential Food Systems Coordinating Unit (PFSCU) Steering Committee at the Presidential Villa, Abuja. He described it as a long-overdue intervention to reposition Nigeria’s agricultural sector.
“We must get it right on agriculture this time,” Shettima said. “The Green Imperative Project is an idea whose time has come. We’ve had many interventions in the past, but we must make this one work—and the states will drive the process.”
NAPM aims to align efforts across federal, state, and local levels, using real-time data and digital tools while engaging the private sector through partnerships to improve yields and reduce inefficiencies.
Marion Moon, Technical Assistant to the President on Agriculture and PFSCU Executive Secretary, said the policy would streamline public agricultural spending. A pilot has been completed in 13 states, with nationwide rollout set for June 2025.
The initiative complements the $1.1 billion Nigeria-Brazil Green Imperative Project, which will modernise 774 mid-sized farms with advanced Brazilian technology.
Shettima also disclosed that President Bola Tinubu approved ₦15 billion for NEMA to prepare for potential flooding during the upcoming rainy season—one of the government’s proactive climate measures.
The meeting was attended by governors and deputy governors from Jigawa, Ekiti, Borno, and Ebonyi States, as well as officials from the agriculture ministry, private sector stakeholders, and development partners.
