FG, CBN to distribute N100 billion worth of fertilisers

The Central Bank of Nigeria (CBN) contributed N100 billion worth of fertilizers, which the federal government would soon start distributing.

 Sen. Abubakar Kyari, the minister of agriculture, stated that the action is being taken in anticipation of the approaching rainy season farming.

 He said that by raising domestic production of staple crops, the Federal Government was improving food security.

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Kyari stated that 2.15 million bags of different fertilizers, supplied by the Central Bank of Nigeria (CBN), would be given to Nigerian farmers by the ministry.

He said, “Well, we have a donation 2.15 million bags of assorted fertilisers from the CBN. We are in the process of taking possession of those (fertilisers).”

“We will start the distribution of these fertilisers especially in those areas where wet season farming has begun,”

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Kyari also disclosed that the ministry received a donation of 500 tractors from the John Deere Group to enhance mechanized farming, boost production, and secure food and nutrition.

He explained that this initiative was designed to stimulate farming activities and nutrition security, aligning with President Bola Tinubu’s emergency declaration on food security.

The minister reiterated the Federal Government’s dedication to boosting food and nutrition security through increased mechanization.

He mentioned that the tractors would be accessible, available, and affordable for small, large-scale, and cooperative farmers nationwide