A total sum of $200 million will be attracted to develop the agriculture sector in Kogi State this year, State Commissioner for Finance, Mr. Asiwaju Idris has said.
He also said $150 million would be sourced in a bid to the upgrade infrastructure in the state this year.
“We are targeting $350 million investment. We have packaged our process very well such that by March 20 we are going to Ivory Coast to discuss with the AfDB. We are also signing MoU with the NNPC too. We are taking $200 million for agriculture and $150 million for infrastructure this year,” Idris told investors who attended the state’s agricultural summit in Abuja at the weekend.
He assured the investors of the safety of their investments as there was security of life and property in the state.
On his part, State Governor, Yahaya Bello who spoke on his government’s economic plan, said agriculture was key on the agenda of the state government and expressed his commitment towards positioning the state to derive maximum benefits from her huge annual cassava production.
He stated that the state had become the largest producer of cassava in Nigeria, with the aim of exploring other value chains in cassava production.
“Agriculture is the main stay of the economy and the oil well of Kogi State. Making agriculture a business concern and not just farming for farming sake is one of the most important priorities of my government.The policy thrust of the administration on agriculture is to produce food and ensure food security for the people of the state, its neighboring states and Nigeria at large,” Bello who was represented by the Speaker of the State House of Assembly, Mr. Matthew Kolawole said.
He listed some of the major achievements of his government since assumption of office to include N1 billion Naira investment on production of cassava, rice, cashew and other staple crops across 21 Local Government Areas; procurement of agricultural machinery and equipment; massive investment on land clearing of thousands of hectares of land to address the constraints on land development; investment in rural network of roads to assist in evacuation of agricultural produce, and off-taking surplus production by the government.