FG Unveils New Agricultural Investment Incentives Promising 21 Million Jobs

The Federal Government unveiled new agricultural investment incentives aimed at creating 21 million jobs and transforming the rural economy in Nigeria. The plan, presented by Vice President Kashim Shettima at the Food and Agriculture Organisation National Subregional Investment Forum in Abuja, includes measures to expand irrigation, enhance access to credit, and promote mechanization.

The incentives package involves land registration, strengthened agricultural credit systems, strategic irrigation projects, and mechanization initiatives to boost productivity. These efforts come amidst rising food prices and increased calls for investment in the agricultural sector to reduce Nigeria's reliance on food imports.