We must go back to agriculture as oil revenue shrinks – Buhari

Related stories

Delta Defection: “Why I Decided To Join APC,” Oborevwori Breaks Silence

By Abiola Olawale Governor Sheriff Oborevwori of Delta State has...

Details As Court Sentences Gospel Singer Osinachi’s Husband to Death by Hanging

By Abiola Olawale The Federal Capital Territory (FCT) High Court...

Putin Declares 72-Hour Ukraine Ceasefire for May 8-10 to Mark WW2 Victory Anniversary

By Abiola Olawale Russian President Vladimir Putin has announced a...

Abia 4% Votes:Tinubu Not Pleased With Me, Other Allies In Southeast

By Kolawole Ojebisi Former Abia State Governor and Senator representing...

images (7)Abuja – President Muhammadu Buhari has said Nigerians must stop paying mere lip service to agriculture, as crude oil and gas exports will no longer be sufficient as the country’s major revenue earner. The president gave the charge at an audience with Dr Kanayo Nwanze, the Nigerian born President of the International Fund for Agricultural Development (IFAD), at the Presidential Villa, Abuja, on Friday. “It’s time to go back to the land. We must face the reality that the petroleum we had depended on for so long will no longer suffice. We campaigned heavily on agriculture, and we are ready to assist as many want to go into agricultural ventures,’’ he said. Buhari pledged that his administration would also cut short the long bureaucratic processes that Nigerian farmers had to go through to get any form of assistance from government. He told the IFAD President that improvement of the productivity of farmers, dry season farming and creative ways to combat the shrinking of the Lake Chad will also receive the attention of his administration. “There is so much to be done. We will try and articulate a programme and consult organisations like IFAD for advice,’’ he added. According to the president, foreign exchange will be conserved for machinery and other items needed for production “instead of using it to import things like toothpicks’’. Nwanze had earlier congratulated Buhari on his victory at the general elections and assured him that IFAD was ready to give all possible assistance to the Federal Government and Nigerian farmers to boost agricultural production in the country. Nwanze, who later spoke to State House correspondents, said IFAD had since 1985 been providing loans and grants in the nation’s agricultural sector to boost agricultural production. “Nigeria has the largest portfolio of IFAD’s investment in Western and Central Africa and the second largest in Africa. “But the case point here is that this country has all the endowments that it takes not only for it to produce enough food for its population but also to be the bread basket of region. “And this is where my institution on my behalf, I offered our services and our support in the agenda of rural transformation as a key ingrate in this country’s economic and social development,’’ he said. The IFAD is an international organisation dedicated to addressing issues of agriculture and poverty alleviation. It was established in 1978, and has been collaborating with Nigeria for over 30 years.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Latest News
Supreme Court Overturns N22 Trillion Judgment Against Union Bank, Ends 25-Year Legal TussleDelta Defection: "Why I Decided To Join APC," Oborevwori Breaks SilenceDetails As Court Sentences Gospel Singer Osinachi’s Husband to Death by HangingPutin Declares 72-Hour Ukraine Ceasefire for May 8-10 to Mark WW2 Victory AnniversaryAbia 4% Votes:Tinubu Not Pleased With Me, Other Allies In SoutheastCardinals Set To Elect Pope Francis's Successor As Conclave Kick-off On SoonExam Schedules: Our Timeline Makes Space For Unexpected Outcome, JAMB Replies Obi Over CriticismFULL LIST: Davido, Tems, Rema, Zerry DL, Others Bag Award at 17th Headies Awards 2025‘I’ll Be The Last Man Standing In APC,’ Kebbi Gov. Breaks Silence On Defection RumoursDrama As Bayelsa Gov., Pro-Wike Group Trade Blame Over Rally ShootingsWhy I Can't Associate With Tinubu Again -- Ex-LP Campaign Spokesman, OkonkwoGrowing Poverty:Sanwo-Olu Slams Peter Obi, Tells 2023 LP Presidential Candidate To Stop "De-marketing" Nigeria2027: Tinubu Unbeatable Without Coalition, LP Ex-spokesman, Okonkwo Warns Opposition PartiesA Pope's Funeral And New Leadership Paradigm, By Dakuku Peterside  Djebah Welcomes Oborevwori into the APC Family
X whatsapp