The Federal Government (FG) has reaffirmed its commitment to supporting Nigerian farmers through targeted interventions aimed at reducing production costs and improving food security.
In a statement on Friday, Stanley Nkwocha, Shettima spokesperson said he made this declaration during a steering committee meeting of the Presidential Food Systems Coordinating Unit (PFSCU) at the Presidential Villa.
He emphasised the need for strategic government intervention, including single-digit loans, to protect and empower local farmers.
“We need to support our local farmers. Give them single-digit loans. The Presidential Food Systems Coordinating Unit has evolved into an incubator beyond being just an advisory body,” Shettima stated.
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He further assured that the administration of President Bola Tinubu remains dedicated to reviving stalled high-impact agricultural projects, stressing that “the government will intervene robustly” to sustain and encourage farmers.
Drawing from historical economic strategies, the Vice President referenced South Korea’s transformation through strategic industrial investments.
He highlighted how the country supported corporations like Daewoo, LG, and Samsung with financial incentives, turning them into global leaders.
“As far as I am concerned, I have read and am rereading Joe Studwell’s How Asia Works. South Korea, once a poor nation, became the world’s number one steel producer by offering hefty discounts and single-digit loans to its industrial giants,” he noted.
To further drive agricultural collaboration, Shettima directed Governors Umar Namadi of Jigawa State and Francis Nwifuru of Ebonyi State—two major food-producing states—to engage with a visiting Brazilian delegation on Saturday.
“I urge the Governors of Jigawa and Ebonyi to be there, have that interface with them, and see what we can do,” he said.
Governor Namadi commended the PFSCU for its role in boosting food production and enhancing Nigeria’s agricultural landscape.
“This committee has the potential to significantly improve food security,” he stated.
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Similarly, Governor Nwifuru emphasised the need for clear priorities for farmers and better preparations ahead of farming seasons.
Adding her voice, Marion Moon, Technical Assistant to the President of Agriculture and PFSCU Coordinator, reiterated the unit’s commitment to ensuring food affordability while incentivizing increased production to maintain stability in the sector.
