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FG To Launch $1.1B NAPM Initiative To Stabilize Food Prices
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By Eniekenemi Atoukudu - 4/26/2025, 7:23:46 AM
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The Federal Government is poised to unveil the National Agribusiness Policy Mechanism (NAPM), designed to enhance agricultural productivity, stabilize food prices, and spur economic growth. The NAPM is part of a wider strategy to transform the nation's agricultural sector with data-driven policies and public-private collaborations. Vice President Kashim Shettima, speaking on Friday in Abuja during a meeting of the Presidential Food Systems Coordinating Unit (PFSCU) Steering Committee at the Presidential Villa, emphasized that the initiative will harmonize agricultural efforts across all levels of government using 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. The Green Imperative Project (GIP), a $1.1 billion initiative signed between Nigeria and Brazil on March 17, 2025, is set to modernize 774 mid-sized Nigerian farms using Brazilian agricultural technologies, creating jobs and enhancing productivity nationwide. Vice President Shettima also announced that President Bola Tinubu has approved ₦15 billion for the National Emergency Management Agency (NEMA) to prepare for potential flooding as the rainy season begins. “This is one of the first proactive decisions by the government to prepare for the flooding season,” the Vice President noted.
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