Senator Abubakar Kyari, the Minister of Agriculture and Food Security, said the federal government has secured a €995 million deal between with the Brazilian Government, and the German Deutsch Bank Group to finance a Green Imperative Programme in Nigeria.
Kyari made this statement on Monday in Minna, Niger State.
According to the Minister, the Programme aims to create mechanization hubs in each of the 774 local government areas in Nigeria as part of its implementation plan.
On his part, President Bola Tinubu said his administration remains committed to ensuring food sufficiency and protecting local industries for sustainable economic growth.
The president who said this during the Food Security and Agricultural Mechanization Programme in Niger State, added that the initiative is for the deployment of cutting-edge agricultural machinery and technology for large-scale agro-value chain development in the state.
Nigeria currently grapples with an unprecedented food inflation which stands at 35.41% according to the Nigeria Bureau of Statistics.
