BusinessDay

Nigeria joins G8 new alliance for food security, nutrition

Nigeria has joined as a partner country in the New Alliance for Food Security and Nutrition, a G8 initiative to catalyse private-sector investment in African agriculture.

Speaking at the New Alliance meeting as the representative of President Goodluck Jonathan, Akinwumi Adesina, minister of agriculture and rural development, noted that inclusion in this global partnership of G8 nations and private sector partners will help Nigeria achieve its agricultural transformation agenda to create 3.5 million new jobs and provide more than N300 billion ($2 billion) of additional income for Nigerian farmers.

Read also: Mouka Foam launches new baby range products

“We have bold targets for Nigeria’s agriculture transformation and the world is noticing,” said Adesina. “Nigeria’s inclusion in this initiative backed by all the G8 countries, Nigerian agribusinesses and major multinationals will leverage our domestic resources to deliver on our country’s agricultural promise. We are already seeing results from bold policy reforms, donor country support and private sector commitments.”

This is our moment. The New Alliance will ultimately help Nigerian farmers and agribusiness to sustain this momentum.”

As one of the newest members of the New Alliance, Nigeria will be a strong advocate for substantive initiatives to improve agricultural production and incomes, focusing attention on empowering women farmers. The country’s new partnership will support the country’s efforts to meet agricultural targets of increasing food production by 20 million metric tons of food for 2015.