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The FG has indicated its intention to launch a Guaranteed Minimum Price (GMP) schemeThe initiative will include the distribution of 10 million bags of fertiliser under the Renewed Hope Smallholder SupportAgriculture Minister Abubakar Kyari said the programme will protect farmers from exploitative prices
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The federal government has launched a Guaranteed Minimum Price (GMP) model for two million smallholder farmers while flagging off the distribution of 10 million bags of fertiliser under the Renewed Hope Smallholder Support and Value Chain Fund (RH-SVCF).
The Minister of Agriculture and Food Security, Abubakar Kyari, unveiled the initiative on Friday in Zaria, Kaduna State, saying it marks a major shift in agricultural support by providing farmers with assistance from planting through harvest and guaranteed market access.
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