The Federal Government will review agricultural policies to strengthen value chain and further tackle unemployment rate.
Alhaji Sabo Nanono, Minister of Agriculture and Rural Development, stated this at the First Bank of Nigeria Limited 2019 Agric Expo in Lagos.
Nanono said that government would also create an enabling environment that would promote agro-industrialisation for sustainable growth and development.
He explained that government focus would be on review of agricultural policies to make them more friendly.
Nanono said that other focus of the government would be on local agric business development, responsible agriculture investment, agricultural education and mechanisation of technical and trading facilities for farmers.
He noted that agriculture transformation was key to achieving sustainable growth and development in Nigeria.
“Many people are now showing interest in agricultural sector because opportunities are enormous.
“A lot of money is now coming for the development of agriculture from most institutes in the world and Nigeria must tap into the opportunities,” he said.
Nanono said that Nigeria had continued to be the largest producer of agricultural commodities when compared with processed agricultural commodities.
“This has brought attention to the country and it is Important we harness the opportunities and take authority, for future development of our country.”
Otunba Adeniyi Adebayo, Minister, Trade and Investments, called for a paradigm shift towards harnessing the potentials and opportunities in the agricultural sector.
Adebayo said that government was committed in strengthening economic diversification to achieve food security.
He said that government had put in place diverse strategies to strengthen the sector in the Economic Recovery and Growth Plan.
Adebayo was represented by Omololu Ope-Ewe, Director, Commodities and Product Development, Ministry of Industry, Trade and Investment.
He said that the Federal Government recently commenced the process of partial privatisation of the Nigeria Commodities Exchange with a view to reposition it for effective service delivery.
He said the privatisation process of the exchange, when concluded, will support in creating a robust electronic trading for agric commodity traders and farmers.
The expo was themed: Agricultural Value Chain:Spotlighting Opportunities and Managing Risks.