FG To Launch Agribusiness Policy To Stabilise Food Prices

Federal government is set to launch the National Agribusiness Policy Mechanism (NAPM) to strengthen agricultural productivity, stabilise food prices and drive economic growth.

NAPM is part of broader initiatives aimed at transforming the country’s agricultural sector through data-driven policies and public-private partnerships.

Speaking during a meeting of the Presidential Food Systems Coordinating Unit (PFSCU) Steering Committee at the Presidential Villa, Abuja yesterday, Vice President Kashim Shettima said the initiative would align agricultural efforts across all government tiers through real-time data analytics.

“The Green Imperative Project (GIP) is an idea whose time has come. It has been in the incubation period for several years, and now it is coming to fruition; we have to get it right.

“We have had many interventions in this country in the past. We must make this work, and it’s the states that will drive the process,” the vice president said in a statement by his spokesman, Stanley Nkwocha.

Signed between Nigeria and Brazil on March 17, 2025, the Green Imperative Project (GIP) is a $1.1 billion initiative aimed to modernise 774 mid-sized Nigerian farms with Brazilian agricultural technologies, creating jobs and boosting productivity across the nation.

Shettima further said President Bola Tinubu had approved ₦15 billion for the National Emergency Management Agency (NEMA) to prepare for floods as the rainy season kicks in.

“This is one of the first proactive decisions by the government to prepare for the flooding season,” the vice president noted.

Earlier, the technical assistant to the president on agriculture and executive secretary of PFSCU, Marion Moon, said NAPM aims to address challenges of high food inflation and agricultural yields that lag 60 per cent behind global averages.

She revealed that the pilot survey for NAPM has been completed across 13 states, with a full launch planned for June 2025.