FG SIGNS $158M PACT AGRICULTURE FINANCING PROGRAMME TO BOOST FOOD SECURITY.

The Federal Government of Nigeria has signed a $158.15 million financing agreement for the Value Chain Programme in Northern Nigeria (VCN) to boost the nation's agriculture sector. 

Speaking during the signing of the agreement for the VCN project at the Presidential Villa in Abuja, Vice-President Kashim Shettima, said the program, co-funded by the International Fund for Agricultural Development (IFAD) and the French Development Agency (AFD), aims to support agriculture value chain development and value addition for farmers in nine northern states.

He explained that the program, which is expected to reduce poverty, restore dignity to farmers, and ensure food security, will also create over 30,000 jobs and entrepreneurial opportunities for youths, women, and vulnerable groups, with focus on climate-smart agriculture, innovative technologies, and value chain addition.

The program has received support from stakeholders, including the National Assembly and governors from Katsina and Jigawa states. The government plans to deploy digital tools to track progress and ensure the program's success. The initiative is expected to improve agricultural productivity, increase exports, and contribute to peace and prosperity in the region.

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