President Bola Tinubu has maintained that agriculture is pivotal to his administration’s strategy for economic recovery and growth.
The President spoke in his Democracy Day address, pointing out that current investments in infrastructure and mechanization are facilitating connections between producers and markets, thereby creating opportunities throughout the value chain.
Tinubu said that his government through the National Agricultural Development Fund, NADF, intends to deploy 10,000 tractors throughout Nigeria, a move he said is aimed at fostering enterprise development, generating employment opportunities, and enhancing food production as part of the initiative to revitalize the nation’s agricultural sector.
He emphasized significant economic reforms and interventions designed to stimulate growth, enhance livelihoods, and fortify Nigeria’s productive sectors.
He said, “Infrastructure projects across the nation are linking producers to markets and generating opportunities for enterprise and employment. The National Agricultural Development Fund is set to deploy 10,000 tractors over a five-year period.”
He further stated that the government is dedicated to curbing inflation, increasing food production, generating jobs, and enhancing living standards, despite the economic challenges many Nigerians currently face.
It will be recalled that the National Agricultural Development Fund has entered into a procurement agreement valued at approximately $70 million with AGCOMS International Trading Limited for the provision of 2,000 John Deere tractors to farmers across the country as part of this initiative.
The contract represents the initial phase of a larger presidential directive that tasks NADF with leading the deployment of 10,000 John Deere tractors over the forthcoming five years.
During the
