Governance, Policy & Public Sector Transformation

Federal Government seeks NASS approval for $1.2 billion Agriculture Loan

By Chief Editor·November 3, 2020·1 min read·76 views

FridayPosts editorial image · Federal Government seeks NASS approval for $1.2 billion Agriculture Loan

The Federal Government is seeking the approval of $1.2 billion loan from the National Assembly to address issues in the agriculture value chain, finance minister Zainab Ahmed said on Tuesday in Abuja at the ministry’s budget defence. Ahmed told the House of Representative Committee on Finance that the loan would be sourced from the Brazilian Government. “We need to address issues in the agriculture value chain as the country moves towards other sources of revenue. “Already, the federal government is making efforts to acquire100,000 hectares of land per state for food production. “Roads will be built in such locations to provide access for farm inputs and ease the movement of farm produce to the markets. “If the farmers can move their farm produce to markets, it will reduce post-harvest losses,” she said. The minister also spoke on the Police reforms and prayed that the review would be completed quickly so that while the appropriation process is going on, the revised salaries would be included in the 2021 budget. “If it’s not completed, we will contemplate doing amendment or supplementary budget,” she said. She said that the federal government was bent on the use of Integrated Payroll and Personnel Information System (IPPIS) for the payment of Academic Staff Union of Universities (ASUU). She added, however, that ASUU’s newly developed University Accountability and Transparency Solution (UTAS) would also undergo verification by experts. The minister said that N1.647 billion was proposed for personnel cost, N1.70 billion for overhead, while N4.005 billion was allocated for the ministry’s capital expenditure in 2021.

[Guardianng]

Was this worth your time?

#Agriculture Loan#Federal Government#NASS Approval

About the author

Chief Editor

FridayPosts publishes independent reporting, expert interpretation and practical ideas for decision-makers in Nigeria, Africa and beyond.

Reader conversation

0 approved comments

No approved comments yet. Add the first thoughtful response.

Federal Government seeks NASS approval for $1.2 billion Agriculture Loan

Chief Editor

Reader conversation

More on this story

Peter Obi's Blocked Benue Visit: What Political Intolerance Could Mean for Nigeria's 2027 Election

State Police Is Moving from Debate to Design: The Safeguards Nigeria Needs Before Roll-out

The September Power Bill Is Also a Reliability Question

NERC’s September 2026 MYTO Documents and Energy Caps: What Nigerian Electricity Customers Should Check

Latest from FridayPosts

FridayPosts 50: The 50 Things Nigeria’s Education System Must Get Right Before 2030

Olu Jacobs Did More Than Act: What His Generation Built for Nollywood

Top 10 Products Nigeria Should Be Selling More of to African Countries

Can Nigeria Turn University Sport Into a Pipeline for Olympic Athletes and Professional Careers?

What readers are choosing

Tinubu, Osinbajo raise alarm over plots by alleged propagandists

Biography of Reverend Olusola Ayodele Areogun

Maximizing His Presence

Understanding Your Season: Discovering the Secret to Generational Influence

Make FridayPosts part of your information advantage.