FG demands NASS agreement to borrow new $1.2bn from Brazil
FG demands NASS agreement to borrow new $1.2bn from Brazil

In order to secure permission for another $1.2 billion agricultural loan from Brazil, the federal government of Nigeria has approached the National Assembly.

On Tuesday, when she appeared before lawmakers to defend the 2021 budget estimates of her ministry, the Minister of Finance, Budget, and National Planning, Zainab Ahmed, made this public.

The Minister told members of the House of Representatives that the government aims to use the loan to develop the agricultural sector of the nation further.

Ahmed stated in her narrative that the loan would be used to strengthen the agricultural value chain in Nigeria in order to raise government revenue.

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She added that in each of the 36 states for food production, the federal government plans to acquire 100,000 hectares of land, while roads will also be constructed in such locations to provide farmers with access to transfer their farm produce to markets and thus reduce post-harvest losses.

Meanwhile, the Minister of Information and Culture, Lai Mohammed says his principal, President Muhammadu Buhari, has done more than any other leader in creating jobs for Nigerians.

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Lai Mohammed made the remarks during a meeting of northern Nigerian governors in Kaduna on Monday to discuss regional issues, where traditional rulers of the region came together with the Sultan.

“No government in the history of this country has ever methodically and seriously put in place measures aimed at addressing poverty alleviation and creating jobs for youths like this Administration,” he said.

9jatalks News


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