Nigeria’s agric export earnings hit N5bn – Ogbeh

Nigeria’s agric export earnings hit N5bn – Ogbeh

Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, says Nigeria’s agricultural export earnings have increased by 180 per cent, reaching over N5 billion in the last one year. Nigeria’s agric export earnings hit N5bn – Ogbeh

Ogbeh said this in Abuja on Thursday when the ministry signed a Memorandum of Understanding with John Deere Tractor Manufacturing Company on the procurement of tractors and the provision of farm mechanisation services.

The minister expressed optimism that the country’s export earnings would continue to increase because of the tractor mechanisation services which would be rendered to smallholder farmers through the partnership with John Deere. “This partnership means greater wealth, more exports for our country. I like to say how proud we are that agricultural exports in the last one year and a half have gone up by 180 per cent, as we earned well over N5 billion from these exports.

“We are on the way and with your support, we will get there,’’ he said. On the delay in the planned recapitalisation of the Bank of Agriculture by the Federal Government, Ogbeh said that efforts were being made to restructure the bank in a way that people would no longer be able to take loans and refuse to pay back.



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