Post by Trade facilitator on Jun 23, 2018 18:39:49 GMT 1
The agricultural sector has received yet another boost as the Bank of Agriculture (BOA), business executives and delegates from Germany on signed a Memorandum of Understanding (MoU) on fighting poverty and developing agriculture in Nigeria.
In his remarks, the Managing Director of BOA, Kabir Mohammed Adamu, said that the collaboration was aimed at strengthening the bank and promoting the sustainable development of the country’s agricultural sector.
Adamu added that the essence of the MoU was to make farming and other activities along the value chain a real business for Nigerian farmers so as to enable them to earn more income, while making farming more attractive to the youth.
“The partnership would focus on various aspects of agriculture, including the use of renewable energy, financial inclusion, as well as property and value chain development.” He said.
According to the Managing Director, under the agreement, Nigerian farmers would produce various crops for export to Germany, while the Germans would, in exchange, provide Nigeria with modern technologies that would boost crop yield, value chain development processes and organic system of farming.
Further to this, the Bavarian Minister of Economic Affair, Energy and Technology, Ulrich Rieger, assured that Germany would assist Nigerian farmers in the area of renewable energy to replace carbon-intensive energy sources and significantly reduce greenhouse gas emissions.
An agriculturist, Christian Wessels, said that under the agreement, German experts would strive to improve the livelihoods of smallholder farmers across the country by tackling perennial challenges faced at the primary production level with the introduction of appropriate technologies, while supporting policies that would create the enabling environment for high-yield agricultural production.
In his remarks, the Managing Director of BOA, Kabir Mohammed Adamu, said that the collaboration was aimed at strengthening the bank and promoting the sustainable development of the country’s agricultural sector.
Adamu added that the essence of the MoU was to make farming and other activities along the value chain a real business for Nigerian farmers so as to enable them to earn more income, while making farming more attractive to the youth.
“The partnership would focus on various aspects of agriculture, including the use of renewable energy, financial inclusion, as well as property and value chain development.” He said.
According to the Managing Director, under the agreement, Nigerian farmers would produce various crops for export to Germany, while the Germans would, in exchange, provide Nigeria with modern technologies that would boost crop yield, value chain development processes and organic system of farming.
Further to this, the Bavarian Minister of Economic Affair, Energy and Technology, Ulrich Rieger, assured that Germany would assist Nigerian farmers in the area of renewable energy to replace carbon-intensive energy sources and significantly reduce greenhouse gas emissions.
An agriculturist, Christian Wessels, said that under the agreement, German experts would strive to improve the livelihoods of smallholder farmers across the country by tackling perennial challenges faced at the primary production level with the introduction of appropriate technologies, while supporting policies that would create the enabling environment for high-yield agricultural production.
