As Nigeria’s Federal Executive Council (FEC) has revised the 2020 Budget signed into law by President Muhammadu Buhari, the government’s significant investment in the agricultural sector has highlighted a renewed realisation of the importance of the farming sector.
In a briefing on Wednesday 13th May 2020, the Minister of Agriculture and Rural Development, Alhaji Sabo Nanono, said the Council approved a loan facility of $1.2 billion to finance the mechanisation of agriculture in the country.
“This is going to be a major revolution in the agriculture sector that we have never seen before,” he stated, noting that the planned mechanism would span 632 local government areas with 140 processing plants.
This development coincides with the prophetic message of TB Joshua who insisted 2020 would be a “year of humility” and called on investment in the agricultural sector.
“Agriculture will help the economy because the economy will have a backlash,” he stated on December 28th 2019. “People should invest in agriculture. Let us farm to help the economy.”
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