By Felicia Imohimi
ActionAid says investment of N15billion in key strategic areas of agriculture can generate over N100billion additional funds to each state’s Internally Generated Revenue (IGR).
Mr Azubike Nwokoye, Food Systems Specialist, ActionAid Nigeria (AAN), said this in his presentation at the ongoing Technical Session of the 47 Regular Meeting of the National Council on Agriculture and Food Security (NCAFS), in Kaduna.
The presentation is tagged “Political Economy Analysis on Agriculture Budget Investments Resultant Effects on States Internally Generated Revenue (IGR) and Employment Generation for 2025”
The theme for 2025 NCAFS is “Food Sovereignty and Food Security, an Era of Renewed Hope”
Nwokoye said that increased funding to agriculture in strategic areas of post-harvest losses reduction, labour-saving technology, irrigation, women and youth in agriculture, extension services, among others, increases states’ IGR and reduces unemployment.
He emphasised that while increased and committed funding to agriculture will lead to increase in IGR, it would need to interact with other factors to bring about the desired reduction in unemployment.
“Budgetary allocations and total capital expenditure should go to strategic areas of investments which include extension services, access to credit, women and youth in agriculture, appropriate labour-saving technology among others.
“This support should be in the area of processing facilities, storage facilities, trainings, market access among others.
“Budget allocation should be channelled to the areas of Climate Resilient Sustainable Agriculture (CRSA), irrigation, research and development, monitoring and evaluation as well as coordination,” he said.
Nwokoye said that AAN conducted political economy analysis of the resultant effect of investment in agriculture regarding states IGR across the 36 states and FCT.
According to him, the analysis help states, politicians and policy makers and governors to see that investment in agriculture is not expenditure but an investment in generating more revenue, unemployment and poverty reduction.
Nwokoye explained that in view of the baseline analysis on IGR for 2025 in each state, it showed that for some states like Gombe, their projected IGR for instance is 25.6 billion.
He, however, said that with this investment, they will generate an additional N112.98billion.
“Osun has a projected IGR of N109.8 7 billion and it shows that they will be able to generate additional N114.08 billion if they invest 15billion in key areas as well as other states,” he said.
Nwokoye challenged state governors to look at the agriculture sector as an investment and not just expenditure. (NAN)(www.nannews.ng)
Edited by Joseph Edeh
By Felicia Imohimi ActionAid says investment of N15billion in key strategic areas of agriculture can generate over N100billion additional funds to each state’s Internally Generated Revenue (IGR). Mr Azubike Nwokoye, Food Systems Specialist, ActionAid Nigeria (AAN), said this in his presentation at the ongoing Technical Session of the 47 RegularContinue Reading
By Rukayat Moisemhe Nigeria and Indonesia have reaffirmed their commitment to expanding bilateral trade and investment to support sustainable economic growth. The pledge was made on Tuesday in Lagos through a communiqué issued at the fourth Nigerian–Indonesian Investment and Trade Forum. The forum, with the theme ‘Unlocking Potentials and BuildingContinue Reading
By Angela Atabo Sen. George Akume, the Secretary to the Government of the Federation (SGF), says consulting engineers are crucial partners in Nigeria’s drive to bridge infrastructure deficit and achieve sustainable national development. Akume said this at the 47th Annual Conference 2025 and General Meeting of the Association for ConsultingContinue Reading
By Victor Okoye Montage FM 99.7 Abuja has unveiled plans for the maiden edition of the Montage Community Football Tournament. Organisers say the objective of the tourney is to foster unity among communities across the FCT, identify and promote raw football talents, encourage physical fitness and discipline, and tackle youthContinue Reading
By Alaba Olusola Oke The National Senior Secondary Education Commission (NSSEC) says no fewer than 1,500 teachers in senior secondary schools across the country will be trained on digital literacy. The Executive Secretary of NSSEC, Dr Iyela Ajayi, said this on Tuesday when he assessed projects of the commission atContinue Reading
By Oluwaseun Nubi Mrs Samiat Bada, Chairman of Ikosi-Isheri Local Council Development Area (LCDA), has vowed to transform the community into a model of effective grassroots governance. Bada made this commitment during a ceremony, with the theme: “Renewed Hope at the Grassroots”, marking her first 100 days in office forContinue Reading
By Muhyideen Jimoh President Bola Tinubu has expressed confidence that Nigeria will emerge stronger amid recent threats from U.S. President, Donald Trump, assuring that the matter is being handled with seriousness and depth. Minister of Information and National Orientation, Mohammed Idris, stated the President’s position on Tuesday, after a routineContinue Reading
By Muhyideen Jimoh AThe Federal Government has pledged to support the National Association of Nigeria Nurses and Midwives (NANNM) in hosting the 2026 Commonwealth Nurses and Midwives Federation Conference (CNMF), West African Region, in Abuja. Chief of Staff to the President, Femi Gbajabiamila, stated this on Tuesday atContinue Reading
By Salisu Sani-Idris Vice-President Kashim Shettima has departed Abuja for Brazil to represent President Bola Tinubu at the 30th session of the United Nations Climate Change Conference. Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice-President, made this known in Abuja onContinue Reading
By Joan Nwagwu The Nigeria Labour Congress (NLC) has urged the Federal Government to take the lead in championing Africa’s collective demand for climate justice at global negotiations. Mr Benson Upah, Acting General Secretary of the NLC, made the call in a letter addressed to the National Council on ClimateContinue Reading
