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AGRICULTURE DEVELOPMENT: TINUBU ADMINISTRATION MOBILIZES HALF A BILLION DOLLAR FOR NIGERIA -VP SHETTIMA

Vice President, Sen. Kashim Shettima has said Nigeria mobilized over half a billion dollars for innovative, profitable, equitable and sustainable food systems transformation initiative.

The Vice President made the disclosure while chairing a high-level meeting on the first day of the UN Food Systems Summit declared open in Rome, Italy by the United Nations Secretary General, Antonio Guteress.

This was contained in a statement signed by Olusola Abiola, the Director of Information in the Office of the Vice President.

Vice President Shettima said the funds were mobilised through domestic resources, multilateral development banks, international financial institutions, climate funds leading agro-businesses, and would be used for Innovation finance for food system transformation; development of Nigeria’s agro value chain and Special Agro-Industrial Processing Zones programmes.

Stating the government’s vision about ending hunger, the VP added that building on the success of the VCDP, the Federal Government is determined to capacitate Nigeria’s rural smallholders and operators, youth and women living below the poverty line to take advantage of the new Special Processing Zones.

On the Special Agro-Industrial Processing  Zones (SAPZ), Vice President Shettima said it brings together local governments, IFAD, AfDB, IsDB, GCF, OLAM and other private actors alongside the government of Nigeria for transformative financing of food systems that leaves no-one behind.

While featuring in the panel discussion with the Prime Minister of Somalia, Hassan Sheikh Mohamud; Deputy President of Kenya, Rigathi Gachagua; and Prime Minister of Niger Republic, Ouhoudou Mahamadou, the VP said President Tinubu is determined to transform the concept and meaning of modern governance by demonstrating commitment towards the food system in the country.

According to him, President Tinubu hit the ground running from day one of his administration, which is barely two months in office, and has therefore declared state of emergency in food security and took it as a livelihood item within the National Security Council.

In attendance were the President of IFAD, Dr. Alvaro Lario, H.E. Muhammad Suleiman Al Jasser, President of Islamic Development Bank (IsDB), Vice President of AfDB, Mrs. Hassatau N’Sele, Vice President of OLAM International Mr. Reji George and Vice President, Commodity Aaliance Forum (Representative of farmers) Mrs Ejim Lovelyn.

Declaring the Summit open, the United Nations Secretary General, Antonio Guteress commended the participating countries for their commitment to addressing the problems of hunger and malnutrition.

The Vice President also had bilateral meeting with the Italian Prime Minister, Giorgia Meloni. Both leaders discussed issues about the development of the two countries.

The Vice President was accompanied to the meeting by Nigeria’s Ambassador to Italy, Mfawa Abam and the Deputy Chief of Staff to the President, Sen. Ibrahim Hadejia, and other senior government officials.

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