Fuel Subsidy: Fund agriculture with savings, group tells Tinubu

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The Nigeria Young Farmers Network has urged the Federal Government to divert a large percentage of funds saved from fuel subsidy withdrawal to the National Agricultural Development Fund.

Dr. Abubakar Musa, the National President of the organisation, made the call in a statement made available to newsmen in Abuja on Tuesday.

Musa said that this would foster sustainable agricultural practices and support the growth and development of the nation’s agricultural sector, and enhance food security.

The NADF is aimed at giving critical financial support that would facilitate rapid and sustainable growth in various aspects of the nation’s agricultural sector for the benefit of all citizens.

NADF which was signed into law by the immediate past administration, has as part of its functions, the provision of money to support agricultural development taking into consideration food production and food security in all ramifications.

These include crop production, livestock, fisheries, poultry and agro-forestry.

Musa, who said that the Tinubu administration took a bold step to withdraw fuel subsidy, commended the government for the action.

The NADF president, who stressed the importance of agriculture in the nation’s economy, implored the Federal Government to invest in its long-term sustainability.

“The diversion of the fuel subsidy payments to the National Agricultural Development Fund will enhance agricultural productivity, promote technological advancements and improve the livelihoods of farmers across the country.

 


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