Tuesday , November 12 2019
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Nigeria will partner private sector to establish industrial processing zones – Osinbajo 

Yemi Osinbajo
By Edwin Nwanojuo
Vice President Professor Yemi Osinbajo has disclosed the federal government readiness to  partner with development bodies and private sectors to  establish,  promote and support special industrial processing zones across the country
He also highlighted plans to facilitate the review of the land act tenure, and implement the agro rangers project that will secure lives and investment of farmers across the country. 
Professor Osinbajo stated this at the  2019 Agriculture Summit Africa, organised by Sterling Bank in collaboration with the World Bank and other stakeholders with the theme ‘Agriculture: Your piece of the Trillion -Dollar Economy’ in Abuja.
According to him, “it is heart warming that agriculture is fast becoming the most across trade and  particularly in the face perennial dwindling prices and devaluation and attendant desire of to diversify the economy  to boast revenue base of the nation while endangering the food and agriculture production for local and international market for foreign exchange earnings.
“The need to get everybody in agriculture has been one of the cardinal points of the Economy Recovery Growth Plan (ERGP) of the FG with emphasis on developing and export led economy.
Yemi Osinbajo
“Government will promote and support special industrial processing zones with development partners such as African Development Bank (AFDB) ,implement agro rangers projects to ensure life and properties of farmers,  facilitate the review of land act tenure system among others.”
 
Earlier in his welcome address, the Managing Director, Sterling  Bank, Abubakar Suleiman said the bank had spent N55billion on three major crops in the last seven years.
” As an institution, we have done everything within our power to support the agric sector, in committing resources to agric but its not just the financial resources, is not about the 55billion that we have spent in the last 7 years on the three major crops, it is the fact that the human resources that we brought into Agriculture, the ideals we brought in, the partners that we brought together has finally open up a more urgent conversation.” He stated 

About Edwin

Edwin is an agriculture enthusiast who believes in the potency of agriculture in driving economic growth in developing countries. He also believes in the use of biotechnology to advance agriculture in order to fight hunger and poverty. Edwin believes in the power of the media to bridge the gap between policy makers, sector actors and the farmers, especially those in the rural areas.

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