On Monday, President Muhammadu Buhari stated that his goal of raising 100 million Nigerians out of poverty in ten years is achievable.
Buhari stated that the vision may be realized by more coordination between the government and the people, as well as diligence in diversifying the economy, with agriculture serving as the backbone.
On Monday, President Muhammadu Buhari addressed at the opening of the first National Agricultural Land Development Authority (NALDA) Integrated Farm Estate in Suduje-Daura.
He remarked that the economy’s reliance on oil has become a liability over time, with unpredictable and shifting world prices making it more difficult to plan budgets, implement policies, and measure results.
According to Buhari: “I wish to restate my commitment that getting 100 million Nigerians out of poverty is realisable. The country is robustly blessed with good weather conditions, good soil, human and material capacity, and resilience to make a difference by all the hardworking youths.
“We can do it, and we will do it. No excuse will be good enough to remain a mono-economy with all the challenges in oil production and fluctuating global prices when we have vast opportunities in crop and livestock production.’’
Buhari noted that a globalized world places more emphasis on the competitive edge of the economy for relevance and Nigeria would always play a leading role in the agricultural sector, with the vastness in experience, crop cultivation, animal husbandry, and more recently, a rising youth interest.
“As the world becomes more globalized, countries will continue to draw from their competitive advantage to remain relevant. My belief, and it is also shared by many Nigerians, is that our country has a special advantage in food and livestock productions that we must harness and promote to feed ourselves and build a firm structure for exportation.
“Our vision of a robust agricultural economy continues to provide amazing results. Across the country today, we are seeing rising public and private interests in agriculture, especially among the youth and steady migration from subsistence to commercial farming.
“With the support of public institutions, like the Central Bank and Bank of Agriculture, old tools are giving way to more mechanized styles of farming, credit lines are becoming more accessible, and farming is becoming more acceptable and fashionable. Indeed, we are witnessing a revolution in the agricultural sector,’’ the President added.
“The National Agricultural Land Development Authority (NALDA) was already moribund when we assumed office. We had to resuscitate it to meet the growing needs of the country. I am happy to see that the directive to the Executive Secretary/Chief Executive Officer of NALDA, Paul Ikonne, and his management team when I launched the National Young Farmers Scheme (NYFS) in November 2020, is gradually taking shape.
“At the launch of the National Young Farmers Scheme, I recall that I told the management that I have directed that all NALDA’s abandoned farm estates be retrieved to enable thousands of our young men and women to be engaged in farming.
“This Administration will be achieving agricultural mechanization through this scheme and I am confident that Nigeria under my watch, we will achieve food security in producing most of what we eat. In good harvest years, we may even export our surpluses and earn foreign exchange.”