FG to create additional land banks, commodity board to tackle food inflation — VP Shettima
…Vows to deploy security forces to protect farmers
The Federal Government has revealed plans to create additional land banks and a commodity board to tack le food inflation.
This is as the Government also vowed to deploy security forces to protect farmers.
This was disclosed by Vice President Kashim Shettima during a two-day high-level strategic meeting on climate change, food systems and resource mobilisation held at the Banquet Hall of the Presidential Villa, Abuja.
Delivering his address titled, “Climate Resilience and Food Security: Nigeria’s Vision for the Future,” Senator Shettima said the two-day event is an attestation of Nigeria’s efforts at mitigating the effects of climate change and ensuring food security for Nigerians.
Recalling that food security was one of the eight areas of priority declared by President Bola Ahmed Tinubu as part of his Renewed Hope Agenda, which led to the declaration of a state of emergency on food security, the VP highlighted ongoing policy reforms by the administration to ensure food and water availability, as well as affordability.
Shettima in a statement issued by his spokesman, Stanley Nkwocha, was quoted as saying, “Our solution to the potential food crisis has become immediate, medium, and long-term strategies. The short-term strategy entails revitalising food supply through specific interventions like the distribution of fertilisers and grains to farmers and households to counteract the effects of subsidy removal; fostering collaboration between the Ministry of Agriculture and the Ministry of Water Resources for efficient farmland irrigation, ensuring year-round food production; and addressing price volatility by establishing a National Commodity Board.
“This board will continually assess and regulate food prices, maintaining a strategic food reserve for stabilising prices of crucial grains and other food items,” the VP stated.
He assured that while the Tinubu administration is fully invested in the restoration of degraded land, there are ongoing plans “to restore four million hectares, or nearly 10 million acres, of degraded lands within” the nation’s borders as its contribution to the AFR100 Initiative.
On how the government is handling the security challenges that have prevented farmers from working on their farms, he said, “I wish to assure you that we will engage our security architecture to protect the farms and the farmers so that farmers can return to the farmlands without fear of attacks.
“We won’t only make it safe for farmers to return to their farms, but we will also ensure the activation of land banks. There are currently 500,000 hectares of already mapped land that will be used to increase the availability of arable land for farming, which will immediately impact food output.”
VP Shettima added that the Tinubu administration is also collaborating “with mechanisation companies to clear more forests and make them available for farming,” even as the Central Bank of Nigeria “will also continue to play a major role in funding the agricultural value chain.”
“We will deploy concessionary capital to the sector, especially towards fertiliser, processing, mechanisation, seeds, chemicals, equipment, feed, labour, among others. The concessionary funds will ensure food is always available and affordable, thereby having a direct impact on Nigeria’s Human Capital Index (HCI). This administration is focused on ensuring the HCI numbers, which currently rank as the 3rd lowest in the world, are improved for increased productivity,” he added.
Senator Shettima also restated frantic efforts by the administration “to ensure a massive boost in employment and job creation,” noting that it “is another presidential area of priority.”
“The government will make agriculture attractive for our teeming youth population with a view to creating between 5 to 10 million more jobs for them within the agriculture value chain, working with the current 500,000 hectares of arable land and the several hundreds of thousands more farmlands to be developed in the medium term,” he pointed out.
These efforts, the VP continued, are part of the federal government’s bid to actualise the “UN-Agenda 2030 on Sustainable Development Goals 2 of “Zero hunger” and African Union Agenda 2063, which aims to transform Africa into a global powerhouse of the future.
“But we can’t achieve this unless we guarantee food security by building the capacity of smallholder farmers who account for about 88 percent of the total food production in Nigeria,” he further noted.
On his part, AU Chairman of Food System, Dr Ibrahim Maiyaki, said the challenges that will confront Africa in the next 20 to 30 years could be tackled through three parameters: the continent’s knowhow, expertise and leadership.
“The demographic challenge the continent is facing can be turned into opportunities for Africa through inclusion, job creation and ability to feed Africa and the rest of the world,” he stated.
Maiyaki called for strong regional integration through food transformation as well as boosting productivity and economic growth rates through the right policies and governance objectives.
Other dignitaries who attended the opening ceremony of the high-level engagement include Chairman, Senate Committee on Cooperation and Integration in Africa, Senator Nasiru Sani Zangondaura; Chairman, Senate Committee on Information and National Orientation, Senator Eze Kenneth Emeka; representatives of the Governors of Bauchi, Edo, Delta and Plateau States, as well as members of the Diplomatic Corps.
