The Nigerian government has officially launched the National Soybean Production and Expansion Policy and Strategy, aiming to unlock an estimated ₦3.9 trillion in annual industry revenue and create one million jobs across 22 states and the Federal Capital Territory (FCT).
The initiative was unveiled in Abuja by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, CON, in collaboration with the Executive Governor of Benue State, Rev. Fr. Hyacinth Alia, during the launch event for the Nigerian Soybean Partnership.
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Senator Kyari emphasised that the soybean strategy is a pivotal element of the Renewed Hope Agenda, positioning agriculture at the heart of Nigeria’s economic diversification and food sovereignty goals.
“This policy provides a blueprint to boost production, add value, and expand both domestic and export markets,” the Minister said. “With a cultivation target of one million hectares and 460,000 metric tonnes of soybean grains within two years, we’re taking bold steps to close Nigeria’s demand gap and strengthen our agri-industrial base.”
Currently, Nigeria produces around 1.35 million metric tonnes of soybeans annually, while demand exceeds 2.7 million metric tonnes, driven by the food, feed, and industrial sectors.
Governor Alia, speaking at the event, reaffirmed Benue State’s commitment to the national drive, describing the soybean strategy as a transformative opportunity for farmers, agribusinesses, and rural communities.
“Benue will double its soybean output from 202,000 metric tonnes to at least 400,000 metric tonnes within three years,” Alia announced. “We’re proud to contribute significantly to the national production goals and support Nigeria’s ambition to build a ₦3.9 trillion soybean industry.”
The Governor highlighted Benue’s leadership in soybean cultivation, dating back to the 1930s, noting that the state’s fertile land and farming tradition have positioned it as Nigeria’s and Sub-Saharan Africa’s top soybean producer.