Finance Minister seeks Foreign Direct Investment in Agriculture
The Nigerian Government has called for a global integrated, targeted and well-coordinated approach that will guarantee that no one goes to sleep hungry.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, made the call at the ongoing virtual World Bank-IMF 2021 Spring Meetings Roundtable On ‘Food Security In Africa.
She said Nigeria, like other countries, “has faced critical challenges in her drive for food security, adding that “the food situation in Nigeria and other African countries is unsustainable.”
, “These challenges affect both the upstream and downstream agricultural sector.
“We strongly believe that given the quantum of arable land in Africa, the time to change the global support to commercial agriculture is now, adding that it “requires Foreign Direct Investment (FDI) flows into the agriculture value chain.”
According to the Minister, the Nigerian Government is following up with necessary macroeconomic and fiscal reforms including strengthening institutions and prioritizing intra-Africa trade as well as structural reforms and public investments to address the challenge.
The Nigerian Minister Mrs. Zainab Ahmed, invited the international community, particularly the multilaterals and the private sector, to key in and to assist Africa to build food resilience and pursue the attainment of the sustainable development goal (SDG) No.2 and the goals of African Union (AU) Agenda 2063.
Hauwa Abu
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