Nigerian Government Boosts NALDA Allocation to N25 Billion for Agricultural Development
The Federal Government of Nigeria has raised the allocation to the National Agricultural Land Development Authority (NALDA) to N25 billion in the 2026 budget. The increased budget is aimed at enhancing agricultural development by primarily focusing on land acquisition, clearing, purchasing agricultural equipment, and increasing food production across the country.
The budget details show a significant portion allocated to capital expenditure, covering personnel costs, overheads, and various administrative expenses. The focus of the budget is on project execution and asset development, with a significant amount allocated to fixed assets like office buildings, vehicles, furniture, and agricultural equipment.
This move underscores the government's commitment to boosting the agricultural sector in Nigeria.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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