The agreement marks a new phase of strategic collaboration between Nigeria and FGV, the Green Imperative Project (GIP) lead implementer, one of the largest international agricultural technology transfer initiatives.
Conceived in 2018, GIP is a 1.2 billion dollar cooperative effort between Brazil and Nigeria, designed to modernise Nigeria's agricultural sector through Brazilian expertise in tropical agriculture.
Since the MoU was conceived in 2018, both parties have engaged in many meaningful discussions to advance its design and implementation.
The project, supported by Deutsche Bank, aims to deliver transformative agricultural technologies and knowledge transfer over its 10-year duration.
Over the next five years, the project will identify and support one agribusiness in Nigeria’s 774 local government areas with technical and financial resources, driving sustainable development and economic growth.
“This partnership paves the way for Brazil to engage with Nigeria’s dynamic and rapidly growing agricultural sector. Together with FGV, we are poised to unlock the potential of private sector investment in key areas critical to our food security,” Fashedemi said at the signing ceremony.
Under the MOU, private-sector projects on fertiliser production, hybrid seed technology and agricultural financing are projected to attract $4.3 billion in private-sector investment.
Senior members of Nigeria’s presidency, officials of FMAFS and FGV’s leadership attended the signing ceremony.
Abiodun Oladunjoye
Director (Information & Public Relations)
November 24, 2024
They want to start breeding their GMO and artificial rubbish into our country. If only the farmers can reject this knowing fully that our system is corrupt and all the governmental bodies that are supposed to regulate food are after their pockets couple with our bad and expensive health care system
ReplyDeleteAbroad they let you know which is GMO food and organic, it's your choice to make and theres also expiry date on foods like chicken, bread, fish, pastries, fruits, vegetables etc. Nothing like that here, as long as it refrigerated it's fine! Some people even leave foods in the freezer for months! God help us!!
Execute ooo not Nigerian news abeg
ReplyDeleteGood one
ReplyDelete