Nigeria

Covid-19: FG doles out subsidized 5,000MT of maize to support poultry farming

Friday, September 04, 2020 at 9:43 PM by Rahaman Abiola

- The Nigerian government is making a strong push towards agriculture

- President Muhammadu Buhari has ordered the release of subsidized 5,000MT of maize to boost poultry farming

- Farmer beneficiaries will now pay N90,000 per metric tonne instead of N170,000

PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!

President Muhammadu Buhari has given directives for the release of subsidized 5,000MT of maize in support of poultry farming in the country amid the Covid-19 crisis.

The development was conveyed to the Ministry of Agriculture in a letter from the president on Friday, September 4, signed by the chief of staff Ibrahim Gambari.

In the letter with reference number SH/COS/05/A/26/1, it was further disclosed that Buhari approved the release of 5,000 metric tonnes of maize from the National Strategic Grains Reserve (NSGR).

Covid-19: FG doles out subsidized 5,000MT of maize to support poultry farming — FG doles out subsidized 5,000MT of maize to support poultry farming. Credit: Twitter (Ministry of Agriculture).
Source: Twitter

The president also directed that the maize should be subsidised at the price of N90,000 per metric tonne as against the current market price of N170,000.

Read also

Coronavirus: Engaging activities you can do to avoid boredom following the stay at home order

"The Poultry industry, which accounts for about 27% of the Agricultural Gross Domestic Product (AGDP) of the economy and provides about 20 million direct and indirect employments, will heave a sigh of relief as this will to a great extent help resolve the challenge of the poultry feeds ravaging the industry.

"Alhaji Nanono has assured the poultry farmers of the readiness of the ministry to immediately comply with the presidential directive in order to salvage the huge investment of about Ten Trillion Naira in the industry," part of the statement read as contained in a tweet by the Federal Ministry of Agriculture on Friday.

PAY ATTENTION: Get the Latest Nigerian News Anywhere 24/7. Spend less on the Internet!

Meanwhile, Legit.ng reported that the presidency has explained why President Buhari's current agenda is different from his campaign promises made before the 2015 general elections.