Stakeholders urge FG to allocate 10% of yearly budgets to agric sector
Participants at the consultative meeting on 2018 agriculture budget have urged the Federal Government to allocate 10 per cent of the nation’s annual budgets to finance the agricultural sector.
They made the call in a communique issued at the end of their meeting in Kaduna; a copy of which was e-mailed to the News Agency of Nigeria (NAN) in Abuja yesterday.
The stakeholders said that the budgetary allocation, which was in line with the Maputo and Malabo Declarations on agriculture and food security, would boost the realisation of the benchmarks for agricultural investment.
They also said that buffer funds from sources such as Natural Resource Funds and Climate Resource Funds might also be considered, given the strategic importance of the agricultural sector.
They called on federal and state ministries of agriculture as well as National Assembly Committees on Agriculture to monitor the execution of agricultural projects itemised in national budgets, using an adapted Comprehensive Africa Agriculture Development Programme (CAADP) results measurement framework.