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FG, TracTrac unveil national agricultural mechanisation policy, investment strategy
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

FG, TracTrac unveil national agricultural mechanisation policy, investment strategy

From Vanguard · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Nigeria has launched a National Agricultural Mechanisation Policy and Investment Strategy to boost food production and security.
  • The initiatives aim to create an ecosystem for capital, technology, and skills to converge, making mechanisation commercially viable for farmers.
  • The government plans to establish a mega tractor assembly plant with a capacity of 2,000 to 4,000 units annually.

Nigeria is taking a significant step to bolster its food security and agricultural output with the unveiling of the National Agricultural Mechanisation Policy and the National Agricultural Mechanisation Investment Strategy. These initiatives, launched in Abuja, are designed to accelerate food production and strengthen the nation's resilience.

The policies aim to foster an environment where capital, technology, skills, and entrepreneurship can converge, making agricultural mechanisation both commercially viable and accessible to farmers across the country. Senator Abubakar Kyari, the Minister of Agriculture and Food Security, emphasized that food security is fundamental to national sovereignty and economic stability.

Food security was fundamental to national sovereignty, economic resilience and stability, stressing that the policies were designed to create an ecosystem where capital, technology, skills and entrepreneurship could converge to make mechanisation commercially viable and accessible to farmers.

โ€” Senator Abubakar KyariThe Minister of Agriculture and Food Security explained the importance of the new policies.

Kyari highlighted that agricultural mechanisation extends beyond merely providing tractors. The government is adopting a comprehensive approach to improve access to machinery and other essential agricultural services. He pointed to Nigeria's large agricultural economy, expanding domestic food market, youthful population, and growing agro-processing sector as significant opportunities for investment in mechanisation.

Under the visionary leadership of His Excellency, President Bola Ahmed Tinubu, GCFR, the Renewed Hope Agenda has firmly positioned agriculture as an engine of productivity, prosperity and economic transformation.

โ€” Senator Abubakar KyariThe Minister of Agriculture and Food Security highlighted the President's role in prioritizing agriculture.

A key component of the strategy is the development of a "Mechanisation-as-a-Service" model, allowing farmers to access appropriate technology when and where needed at sustainable costs. Furthermore, the Federal Government is planning to establish a large-scale tractor assembly plant with an annual production capacity ranging from 2,000 to 4,000 units. This move is intended to reduce the country's reliance on imported agricultural machinery.

The Renewed Hope National Agricultural Mechanisation Programme (RH-NAMP) has already begun procuring and deploying 2,000 tractors and over 9,000 assorted implements and spare parts. The government views this as the largest single agricultural mechanisation intervention in Africa, with its ultimate success depending on effective maintenance, financing, utilization, and accessibility for farmers.

Our responsibility as a ministry is to translate that vision into policy architecture, institutional coherence and practical pathways for investment and delivery.

โ€” Senator Abubakar KyariThe Minister of Agriculture and Food Security outlined the ministry's role in implementing the vision.
DistantNews Editorial

Originally published by Vanguard. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.