The federal government has said that with the implementation of its agricultural programmes, food sufficiency and poverty eradication will be achieved.
The Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun, stated this in Rio de Janeiro, Brazil at the signing of a Letter of Intent between the Nigerian Government and one of the top three largest meat processing companies globally.
He disclosed that the full implementation of the key reforms of market-based pricing of premium motor spirit (PMS) and market-based pricing of exchange rate by the federal government saved the federal government about $20 billion as at October 2, 2024.
The Minister stressed the present administration’s renewed focus in driving international and local investments into the livestock sector of the agricultural value-chain.
The Brazilian meatpacker, said it will build a five-year investment plan in Nigeria, including feasibility studies, budget estimates and an action plan for local supply chain development.