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Ogbeh Unveils Plan To Diversify Agric Sector

By Segun Olaniyi, Abuja
07 February 2016   |   2:44 am
The Minister of Agriculture, Chief Audu Ogbeh has outlined ways by which the Federal Government can diversify from oil to non-oil sector anchoring it on the agric sector.
Lagos State Bird processing centre at Ikorodu putting more meat on the table…if sustained, states embarking on projects like this would create jobs and feed the people

Lagos State Bird processing centre at Ikorodu putting more meat on the table…if sustained, states embarking on projects like this would create jobs and feed the people

The Minister of Agriculture, Chief Audu Ogbeh has outlined ways by which the Federal Government can diversify from oil to non-oil sector anchoring it on the agric sector.

Ogbeh said the policy thrust of the 2016 budget are for the diversification from oil to non-oil sector of the economy, which would create jobs, expand of agricultural commodity value chains, establish staple crop processing zones and promote agricultural investments in other to attract more direct foreign investments.

Speaking at a joint budget defence committee on Agricultural and Rural Development in Abuja, he said the total 2016 budget proposal is N40,918,856,927 made up of N34,501,127,211 representing 84 per cent of total proposal for capital projects, N235,259,192 representing 0.6 per cent of total proposal for overhead costs and N6,182,470,524 representing 15 per cent of total proposal for personnel costs.

He said the ministry is projecting an Internally Generated Revenue (IGR) of N904,739,098.69 for 2016 fiscal year, adding that N664,998,569.88 is for taxes and N239,740,528.81 as Independent Revenue.

“The key initiatives for the fiscal year in the agricultural sub-sector are to increase the national food supply and to address national food security. To add 20 million metric tonnes of food annually and to create three million sustainable jobs annually.”

According to him, the ministry will continue the Growth Enhancement Support (GES) programme as a platform to deliver inputs like fertilisers, seeds and agro-chemicals to small-holder farmers, stressing that the ministry would concentrate on critical projects and programmes, such as import substitution commodity value chains, export substitution commodity value chains, labour intensive family enterprise (LIFE) programmes, agriculture mechanisation and grazing reserves/stock routes development