In an important development for Nigeria’s agricultural landscape, the Green Imperative Project, a collaboration between Nigeria and Brazil, has officially launched its commercial phase.
This $1.1 billion initiative aims to enhance agricultural productivity and stimulate private-sector investment, reinforcing the federal government’s commitment to food security.
This was disclosed in a statement signed by the Special Adviser Media and Communication to the Vice President, Stanley Nkwocha.
Originally established through a memorandum of understanding in 2018, the initiative represents Africa’s largest agricultural project, focusing on sustainable, low-carbon agriculture.
The project seeks to create the structural conditions necessary for increased food production in Nigeria, allowing for a more efficient and competitive agricultural sector.
The signing marks a significant milestone, particularly after the announcing of a $4.3 billion phase 2 and a $2.5 billion investment in Brazil during President Bola Ahmed Tinubu’s visit last year, bringing the total investment to approximately $8 billion.
Vice President Kashim Shettima highlighted the importance of this initiative during the signing ceremony at the Presidential Villa, Abuja.
He emphasized that the initiative is a strategic move to address Nigeria’s food security challenges, and aligns with President Tinubu’s 8-point agenda.
“This administration is committed to leveraging initiatives like the Green Imperative Project for policy continuity and to enhance economic growth while boosting investor confidence,” he stated.
The Green Imperative Project is designed to connect small-scale farmers with various agricultural value chains, a crucial step towards enhancing productivity.
Shettima noted the entrepreneurial spirit prevalent among Nigerians, asserting the Green Imperative Project provides opportunities for development that have been lacking.
“Today marks a significant point in our leadership journey,” he said, acknowledging that while previous efforts may have faced delays, the path toward food security and economic diversification is underway.
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In his remarks, Brazilian Ambassador to Nigeria, Carlos Garcete, expressed pride in Brazil’s partnership on the Green Imperative Project.
He mentioned that extensive negotiations have yielded the necessary funding for this ambitious project, which includes importing agricultural equipment and establishing local assembly operations in Nigeria.
This approach ensures that repairs can be conducted domestically, highlighting a commitment to training and employment for Nigerians.
Jigawa State Governor, Umar Namadi, emphasized agriculture’s vital role in the country’s economy and the commitment of the Tinubu administration to transform the sector.
His Benue State counterpart, Governor Hyacinth Alia, reaffirmed the state’s support for the initiative, noting the state’s reputation as the nation’s food basket.
The signing of the Green Imperative Project not only marks a pivotal step for Nigeria’s agricultural sector, but also showcases the collaborative efforts to boost food security, foster economic growth, and uplift local farmers.
