UN to monitor Nigeria spending on agriculture

The United Nations announced on Monday that it had reached an agreement with the Federal Government to develop tools for monitoring public spending in agriculture.Information Guide Nigeria

The agreement also includes monitoring the effects of public policies on Nigerian farmers and producers’ prices.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

It stated that the agreement was reached between the Federal Ministry of Agriculture and Rural Development and the United Nations Food and Agriculture Organization.

According to the UN, both parties have renewed their collaboration for the next five years and signed the first work plan to help repurpose budgets, incentivize producers, and accelerate inclusive agricultural transformation.

“The renewed collaboration, through the Monitoring and Analysing Food and Agricultural Policies programme, a leading technical and policy support initiative at FAO, covers eight partner countries in sub-Saharan Africa, including Nigeria,” the FAO stated in a statement it issued in Abuja.

It added, “The first work plan, for 2022/2023, will involve monitoring public spending devoted to the sector to better understand spending patterns, priorities and bottlenecks, and how public policies affect price incentives for agricultural commodities relative to international prices, influencing farmers’ decisions to produce or trade a commodity.”NYSC portal

Other Top Stories:

The UN agency stated that it was time to rethink, repurpose and rethink the agriculture sector of the Nigerian economy.

“Globally, there is huge momentum for countries to rethink, repurpose and reform their policies on food and agriculture,” MAFAP Manager and Senior Economist at FAO, Christian Derlagen, stated.

He added, “We are pleased to renew and strengthen the MAFAP programme in Nigeria, standing ready to support the Nigerian government with economic analyses and advice.

“This is to drive agricultural transformation forward for agrifood sector growth, better nutrition and affordable diets, and easier market access for farmers.”

The global institution stated that work was already underway with the Federal Ministry of Finance, Budget and National Planning and the Office of the Auditor-General for the Federation to review the amount and breakdown of federal public expenditures on food and agriculture.JAMB portal

“The FAO team is also performing an analysis to better understand the effects of public policies on key agricultural commodity prices, and the effect of market access costs within a given value chain on prices that producers fetch,” it stated.

It added that “this analysis can reveal whether farmers are incentivised to produce or trade these staple foods, thus helping efforts towards food security and nutrition from a public policy perspective.”

The FAO Representative in Nigeria, Fred Kafeero, was quoted as saying, “MAFAP’s technical and policy support is aligned with new FAO’s Global Strategic Framework 2022-2031 to build more sustainable and efficient, inclusive, resilient and sustainable agrifood systems for better production, better nutrition, a better environment, and a better life, while leaving no one behind.

The portfolio of technical and policy support, according to the statement, is expected to aid in the implementation of the recently adopted National Agricultural Technology and Innovation Policy.

It also quoted the Director of Planning and Policy Coordination, FMARD, Ibrahim Bello, as saying, “The new NATIP is a six-year national agricultural policy, aimed at sustainable development of national technological and innovative capacity to fast-track increased agricultural productivity, ensure resilience and growth of the agricultural sector.JAMB Result

“It will ensure a shift from subsistence farming to a modern agriculture to not only guarantee food security but contribute widely to economic diversification and job creation.”

Check JAMB Result

Check and Confirm: How much is Dollar to Naira

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada



Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.


Click here to subscribe!

For Latest updates on News, Scholarships, Jobs & Business Ideas, and Other Opportunities.

👍Advertise your business on InfoGuideNigeria.com!

From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.



Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).


The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here


🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here


Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker