HomeBusinessFG introduces guaranteed price model to de-risk agriculture sector

FG introduces guaranteed price model to de-risk agriculture sector

…flags off distribution of 10mn bags of fertilizer to 2mn farmers

In a bid to structuralise Nigeria’s agricultural sector and shield smallholders from market volatility, the Federal Government on Friday flagged off the distribution of over 10 million bags of fertilizer under a newly introduced ‘Guaranteed Price Model’.

The initiative, aimed at supporting two million smallholder farmers nationwide, represents a fundamental shift from traditional input distribution to an end-to-end institutional support system.

Speaking at the launch in Zaria, Kaduna State, Abubakar Kyari, the Minister of Agriculture and Food Security, stated that the inputs are being rolled out under the Renewed Hope Smallholder Support and Value Chain Fund (RH-SVCF).

According to the minister, the critical upgrade in the current strategy is the introduction of structural delivery frameworks designed to eliminate the historical risks borne single-handedly by smallholders.

He said, “From now on, there is an institution beside you when you plant,

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