Vice-President Kashim Shettima has directed the Presidential Food Systems Coordinating Unit to speed up disbursement of a 250 billion naira loan for smallholder farmers at a single-digit interest rate.
Speaking at the unit’s sixth steering committee meeting in Abuja, Mr Shettima said the funds must reach target beneficiaries quickly to translate into real productivity gains. He also commended President Bola Tinubu for backing reforms such as fertiliser liberalisation and the seed fund initiative.
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Governors of Ekiti, Jigawa, and Cross River called for subsidies and stronger structures to support local farmers. PFSCU coordinator Marion Moon highlighted that 30.8 million Nigerians remain food insecure but noted progress, including insuring 250,000 farmers and launching the Harvesting Hope Caravan.
Other milestones include the approval of a 50 billion naira seed fund and advances on the World Bank–supported 500 million dollar AGROW programme. Senior government officials, state representatives, and private sector stakeholders attended the meeting.
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