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FG inaugurates $1bn National Agric Mechanisation Committee

Published

7 years ago

January 24, 2020

The Minister of Agriculture and Rural Development, Sabo Nanono, on Friday in Abuja inaugurated an 18-member committee for implementation of Federal Government’s Agriculture mechanisation programme called The Green Imperative Programme (GIP).

The programme, which is estimated at $1.1 billion, is to be funded by the Brazilian Government through a loan from the Deutsche Bank (DB), Development Bank of Brazil and Islamic Development Bank.

The loan is expected to be repaid at three per cent interest rate over a period of 15 years for Development Bank of Brazil and seven years including two years moratorium for the DB.

The programme is expected to benefit 100,000 young people directly and five million indirectly.

This is designed to enable Nigeria acquire 10,000 units of tractors and 50,000 units of assorted implement and equipment for assembly in Nigeria.

It is also meant to ensure training of project beneficiaries for over 10 years and establishment of 780 service centres to assist small holder farmers prepare the soil, cultivate and harvest farm produce.

GIP is further designed to enhance agricultural mechanization specialized extension services and agro-processing in the 774 local government areas and the six area councils in the Federal Capital Territory (FCT).

Nanono, who is the Chairman of the committee, said the programme was timely in view of the need to feed the Nigerian population estimated at 200 million as well as other African countries that rely on Nigeria.

“The programme would be private sector driven, government would only create the enabling environment and offer assistance where necessary,’’ the minister said.

He advised small agro allied companies and agricultural cooperative societies to take advantage of the opportunity created by government to be part of the agricultural revolution by investing in it.

According to Nanono, Nigeria feeding itself and others is an enormous task that GIP is meant to address, saying, “of estimated 65 per cent arable land in Africa, Nigeria accounts for over 30 per cent’’.

He, however, lamented that in spite of large land mass, running into over 84 million hectares, only 34 million hectares were being cultivated, saying “it is not hectare coverage but yield per hectare that is the challenge.’’

“Findings reveal that we have only 7000 functional tractors in this country. We have only seven tractors by 100 square kilometres.

“Compare that with Kenya that has 27 tractors by 100 square kilometres. The standard is 127 per square kilometres. So you can imagine the task before us.

“All these noise about this project we are launching today is aimed at only 10,000 tractors.

“ So to even catch up with Kenya, we need to have 60,000 tractors, you can imagine the task before us,’’ he said.

Nanono expressed optimism that the programme, which would have service centres in 632 local government areas and 140 processing centres, would achieve its mandate in view of the dire need to boost production in the country.

“Agricultural mechanization must be a top priority in Nigeria, whether government or private sector, because without mechanization, there is no way we can feed about 200 million people and get surplus for agro allied industries.

“I think this is going to be one of the most important agricultural projects ever embarked upon by governments in Nigeria.

“It is revolutionary and will engage many people. Government is committed to the success of the project, which discussion has been on for the past five years,’’ he said.

The minister charged all stakeholders to play their parts effectively for the success of the programme.

The Permanent Secretary in the ministry, Dr Abdulkadir Muazu, commended the initiative.

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Alake Inaugurates Nigeria-US Solid Minerals Committee, Dismisses $700bn Claim, Says No Assets Sold

Published

5 days ago

October 28, 2026

The Gleamer

Joel Ajayi

The Minister of Solid Minerals Development, Dr. Dele Alake, on Tuesday inaugurated the Nigeria-United States Committee on Strategic Cooperation in the Solid Minerals Sector in Abuja, dismissing reports that Nigeria sold $700 billion worth of solid minerals to the US.

The inauguration followed the strategic cooperation framework established between Nigeria and the United States during the 81st United Nations General Assembly in New York.

In a statement issued on Wednesday by the Head PRESS and Public Relations Department Mrs. Kania Maliki Andeyaba stated that, Alake in the Memorandum of Understanding, MoU, signed with the US is a government-to-government platform to facilitate business-to-business engagements between American investors and Nigerian local operators, not a sale of assets.

Harping on the importance of the solid minerals sector to President Bola Ahmed Tinubu’s economic diversification agenda, he noted that the administration was committed to reducing dependence on a mono-product economy through the sustainable development of Nigeria’s vast mineral resources.

According to him, the Nigeria–US partnership as a strategic initiative to attract investment, promote technology transfer, strengthen local mineral processing and create employment opportunities.

“There is no sale of any Nigerian asset. There’s nothing exchanging hands,” Alake declared.

“We created a platform to facilitate mingling of US investment ventures with Nigeria’s local operators. It is in the public domain. We signed it in public and published it in four or five national newspapers.”

The Minister said reports claiming the US was coming to take over Nigeria’s minerals and security architecture were untrue at best and products of riotous imagination at worst.

Explaining the policy thrust, Alake said Africa has historically held the short end of the stick in global economic transactions, and Nigeria is determined to change that model.

“We have the resources, the critical elements the world needs to transit to clean energy. So we are creating a new paradigm — you bring your capital, expertise and technology, to match with our natural resources and create a win-win situation . The investor gains, Nigeria gains.’’he said.

Nigeria, he stressed, had operated a mono-cultural economy dependent on oil, while solid minerals were exploited informally — with ores taken “from pit to port” without value addition.

Alake said government has now made local processing mandatory, refusing to grant mineral titles to investors without a clear pathway to processing in Nigeria.

He said the policy led to the springing up of processing factories, including the largest lithium processing plant in West Africa commissioned recently in Nasarawa by the Vice President, and informed the formation of the African Minerals Strategy Group.

Alake noted that investor confidence has returned due to macro-economic reforms by President Bola Tinubu that guarantee security of tenure and repatriation of profits.

He charged the committee to discharge its assignment responsibly, saying its work is strategic to achieving the President’s $1 trillion economy target.

To this end, he told the Committee to ensure effective coordination, identify investment opportunities and translate the framework into measurable outcomes capable of positioning Nigeria as a competitive player in the global solid minerals industry.

In his welcome address, Permanent Secretary of the Ministry, Engr. Faruk Yusuf Yabo, said the inauguration translates growing bilateral engagements into a structured framework for practical cooperation and investment mobilization

Economic Officer at the US Embassy, Jonathan Baas, said President Donald Trump has prioritized three areas for US embassies — energy, artificial intelligence/super intelligence, and critical minerals.

Baas said Washington’s direction is to work with partners to secure critical supply chains while ensuring partners capture value.

“We just signed a contract today on looking into building AI data centres in Nigeria at the Nigerian Economic Summit. That’s the direction Washington wants us to go,” he said.

In his vote of thanks, CEO/Managing Director of Nigeria Solid Minerals Company, NSMC said that the committee

is expected to coordinate implementation, facilitate investment and monitor progress towards achieving the objectives of the Nigeria–US cooperation framework.

The inauguration reinforces the Federal Government’s commitment to repositioning the solid minerals sector as a key driver of economic diversification, industrial development and national prosperity under President Tinubu’s Renewed Hope Agenda.

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