A commendable development hits the Agricultural Sector as The United Kingdom is committed to investing $15 million in Nigeria’s agricultural sector through the agricultural commodities trading house, Valency International, as revealed by the British International Investment.
Recalling that the senate pushed for a 10 percent allocation of annual budget in the Agricultural sector shows that there is a massive delve into the sector has it has over the years generated an outstanding revenue to the Nation.
This pledge to support Nigeria’s Agricultural Sector made by the United Kingdom is aimed at facilitating the expansion of processing and warehousing infrastructure and is expected to generate up to 2,800 jobs for low-income workers across the country with the $15m. Additionally, it will indirectly provide market access to a further 60,000 smallholder farmers, ultimately boosting agricultural output and export.
UK Deputy High Commissioner Jonny Baxter stated, “This investment will contribute to mitigating greenhouse gas emissions and adapting to a changing climate, while also strengthening livelihoods, improving nutrition, supporting food security, and alleviating poverty. The UK is eager to support Nigeria’s agriculture sector and the economic growth opportunities it offers”.
