Business
FG Slashes Farmers Equipment Price By 50%
- FG Slashes Farmers Equipment Price By 50%
In its efforts to achieve its policy of economic diversification through the agricultural sector, the Federal Government has assured that the farmers will buy their equipment from the Federal Ministry of Agriculture and Rural Development at a 50 percent discount.
This was disclosed by the Minister of State for Agriculture and Rural Development, Mustapha Shehuri on Sunday.
The move, according to him, was to prove the government’s commitment to improving the production capacity of farmers, adding that it will help actualise the food sufficiency policy and income generation initiative of the current administration.
President Muhammadu Buhari-led administration has reiterated its concerns that the nation can not survive on oil revenue only, hence, the need to diversify the economy and focus on more sources to generate revenue for the country.
Recently, the President also noted that new investments and reforms in the agriculture sector hold the key to his administration’s quest to lift 100 million Nigerians out of poverty in the next 10 years.