Federal Government to Transform Agro Value Chain with $500m
Written by Joey Shekwonuzhibo on July 26, 2023
The Federal Government says it will transform Nigeria’s food system and agro value chain with over $500m mobilised through domestic resources, multilateral development banks, and international financial institutions.
Vice President Kashim Shettima made the disclosure while chairing a high-level meeting on the first day of the United Nations Food Systems Summit declared open in Rome, Italy by the United Nations Secretary General, Antonio Guteress.
He said the fund would be used for innovation finance for food system transformation, development of Nigeria’s agro value chain and Special Agro-Industrial Processing Zones programmes.
In a statement by the VP’s Director Information, Olusola Abiola, Shettima said, in this event, the Government of Nigeria will be showcasing its Value Chain Development Programme VCDP as a unique example of a successful partnership between producers, the public sector and private operators.