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Economic Issues > Blog > Uncategorized > FG Subsidizes Wheat Production to Boost Food Security
Uncategorized

FG Subsidizes Wheat Production to Boost Food Security

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By Reporter December 13, 2024
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FG Subsidizes Wheat Production to Boost Food Security

By Patience Ikpeme 

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The Federal Government has initiated a subsidy programme to stimulate domestic wheat production and reduce reliance on imports.

 

The initiative, implemented under the National Agricultural Growth Scheme and Agro Pocket (NAGS-AP), aims to enhance agricultural productivity and bolster economic growth.

 

A statement from the ministry signed by Mohammed Manga, Director, Information and Public Relations said Finance Minister Wale Edun announced that the programme will provide significant financial support to farmers, including a 25% subsidy on certified wheat seeds and a 50% subsidy on fertilizers. This will significantly reduce costs for participating farmers, encouraging increased wheat cultivation.

 

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National Project Coordinator Ishaku Buba explained that the scheme targets 280,000 smallholder farmers and a select group of medium-scale farmers across 16 wheat-producing states. To facilitate distribution, 409 redemption centers have been established, with 281 already operational.

 

Enhanced security measures have been put in place to ensure the smooth distribution of inputs and protect farmers and their crops. The programme is expected to conclude its input distribution phase later this month, aligning with the wheat planting season.

 

Mr Edun expressed optimism about the potential of the subsidy scheme to strengthen food security, support rural economies, and reduce Nigeria’s dependence on imported wheat.

 

By empowering farmers and promoting domestic production, the government aims to achieve a more food-secure and prosperous nation.

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Reporter December 13, 2024 December 13, 2024
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