Nigeria’s Vice President, Kashim Shettima, has stated that the federal government recently signed a $4.3 billion memorandum of understanding with Brazil targeted at boosting fertiliser production and food security across the country.
Shettima made the disclosure in Abuja over the weekend at an Agriculture and Food Security high level summit organised by the Nigerian Economic Summit Group (NESG), in collaboration with the Presidential Food Systems Coordinating Unit (PFSCU) and the National Bureau of Statistics (NBS).
The vice president who was represented by Ali Modibbo, reaffirmed the current administration’s commitment to ensuring food security and agricultural transformation in the country.
According to him, a “$4.3 billion Memorandum of Understanding (MOU) has recently been signed with Brazil aimed at boosting fertiliser production, hybrid seed development, and agricultural credit lines, significantly strengthening Nigeria’s food production capacity.”
Earlier in his welcome address, Boye Olusanya, Vice Chairman of NESG, represented by Uche Ogbonna, Executive Director of the Ernest Shonekan Centre for Legislative Reforms and Economic Development at the NESG, underscored the paradox of Nigeria’s agricultural landscape.
