fbpx
Edit Content

FG Announces $1.2 Billion Agro-Processing Green Imperative Programme

Agro-processing

The Nigeria-Brazil Bilateral Agriculture Development Programme is a $1.2 billion “Green Imperative” joint Nigerian-Brazilian Agro-processing development scheme.

The Federal Government has announced that this scheme will fund the development of 142 agro-processing centres across the six geopolitical zones in the country. This Green Imperative Programme is aimed at deepening agricultural benefits in Nigeria.

Clearly, this is the outcome of Nigeria’s decision, dating back to 6 June 2016, to enroll in Brazil’s Government-to-Government More Food International Program (MFIP).

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

The Minister of Information, Lai Mohammed, and the Minister of Agriculture, Saba Nanono announced the implementation of the scheme. Lai Mohammed said, “The $1.2 billion programme is to be implemented over a period of 5-10 years with finding from the Development Bank of Brazil (BNDES) and Deutsche Bank with Insurance provided by Brazilian Guarantees, Funds Management Agency (FMA), Islamic Corporation for Insurance of Export Credit (ICIIEC) of the Islamic Development Bank (ISDB) and coordinated by the Getulio Vargas Foundation.”

See Also: Business funding opportunities for entrepreneurs to grow their businesses.

How Does The Agro-Processing Centres Affect Agropreneurs?

The Government aims to revolutionize the agricultural sector through the manufacturing of equipment by the Agro-processing centers. This equipment will be used for processing, drying, packaging, storage and marketing of agro commodities. 

According to the Minister, the programme will create about 5 million jobs and inject over $10 billion into the economy. All these will happen within 10 years and the impact will reach 35 million persons nutritionally and economically.

The stage is now set for an agricultural revolution that will strengthen food security, create massive jobs, and strengthen the economy. Also, scarce resources will be saved, mechanized farming will be encouraged and it will lead to the emergence of value-added agriculture, among other benefits.

The Green Imperative programme launched by Vice President, Yemi Osinbajo in 2018 was influenced by the More Food International Programme of the Brazilian Government to maximize the productivity of smallholder farms.

However, “The Program is to be implemented over a period of 5-10 years with funding from the Development Bank of Brazil (BNDES) and Deutsche Bank. Insurance will also be provided by Brazilian Guarantees and Fund Managements Agency (ABGF) and the Islamic Corporation for Insurance of Export Credit (ICIEC) of the Islamic Development Bank (IsDB), and coordinated by Getúlio Vargas Foundation (FGV)”.

Share:

Facebook
Twitter
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

How to build a strong personal brand

4 Awesome Ways to Build a Strong Personal Brand

To build a strong personal brand, you have to be intentional. A personal brand is the unique combination of skills, experiences, and personality that you want the world to see. It’s the telling of your story, and how it reflects your conduct, behaviour, spoken and unspoken words, and attitudes. In

How to grow a side hustle

How to Grow Your Side Hustle Into a Successful Business

Many people start side hustles to earn extra income. But what if your side hustle could become your main source of income? Growing a side hustle is a skill. Do you have what it takes to grow a side hustle? If you don’t, we got you. Transforming your side hustle

Best sales books for entrepreneurs

Best Sales Books for Entrepreneurs and Business Owners

One effective way to stay ahead of the competition is by updating your knowledge in sales. There are a lot of sales books tailored to entrepreneurs. In this article, we will look at the best sales books for entrepreneurs. These books provide valuable strategies that can significantly impact business growth.

Leadership Skills Every Entrepreneur Needs

5 Key Leadership Skills Every Entrepreneur Needs to Have

Entrepreneurs often wear many hats, but effective leadership is what binds everything together. Strong leadership skills can transform a fledgling startup into a thriving business. In this article, we will talk about the leadership skills every entrepreneur needs to succeed. Leadership for entrepreneurs are not just about managing people. They

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up