Nigerian Government Launches $3.14bn Agric Investment Scheme with FAO to Boost Key Value Chains

The Nigerian Federal Government has introduced a $3.14 billion agricultural investment scheme in partnership with the Food and Agriculture Organization (FAO). The initiative aims to boost five key value chains - tomato, cassava, maize, dairy, and fishery - to combat poverty, hunger, and enhance rural resilience.

Minister of Agriculture and Food Security, Abubakar Kyari, highlighted the plan's alignment with global sustainability goals. The investment portfolio includes both public and private sector funding, emphasizing climate benefits and income growth projections.

This strategic initiative is set to drive economic development while addressing food security challenges in Nigeria.