Nigeria to Launch National Agribusiness Policy Mechanism to Stabilise Prices

The NAPM is part of broader initiatives aimed at transforming the country’s agricultural sector through data-driven policies and public-private partnerships.

Speaking yesterday in Abuja during a meeting of the Presidential Food Systems Coordinating Unit (PFSCU) Steering Committee at the State House, Abuja, Vice President Kashim Shettima said the initiative will align agricultural efforts across all government tiers through real-time data analytics.

He said, “The Green Imperative Project (GIP) is an idea whose time has come. It has been in the incubation period for several years, and now it is coming to fruition; we have to get it right.

“We have had many interventions in this country in the past. We must make this work, and it’s the states that will drive the process.”

Signed between Nigeria and Brazil on March 17, 2025, the Green Imperative Project (GIP) is a $1.1 billion initiative aimed to modernise 774 mid-sized Nigerian farms with Brazilian agricultural technologies, creating jobs and boosting productivity across the nation.

Shettima further said President Bola Tinubu has approved N15 billion for the National Emergency Management Agency (NEMA) to prepare for floods as the rainy season kicks in.

Earlier, Technical Assistant to the President on Agriculture and Executive Secretary of PFSCU, Marion Moon, explained that NAPM aims to address challenges of high food inflation and agricultural yields that lag 60 per cent behind global averages.

She revealed that the pilot survey for NAPM has been completed across 13 states, with a full launch planned for June 2025.

The NAPM, supported by data analytics partnerships and a digital platform under development, is designed to tackle food inflation, inefficient subsidies, and outdated farming practices, to give the country a unified framework to optimise public spending and drive sustainable rural development.

Those present at the meeting included  Governors of Jigawa State, Umar Namadi and Ekiti State, Biodun Oyebanji; Deputy Governors of Borno State, Umar Kadafur and Ebonyi State, Patricia Onyemaechi Obila.

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