AfCFTA: ActionAid advocates massive investment in agric to spur local consumption

ActionAid Nigeria (AAN) has called for massive investment in the agriculture sector to boost domestic consumption, rural infrastructural development, and export promotion.

According to AAN, this will enable Nigeria to benefit from the African Continental Free Trade Agreement (AfCFTA).

In a paper presentation on State of Agriculture Budget Allocation across the 36 states and the FCT and gaps on ground at National Parliamentary Briefing on the 3rd Biennial Review (BR) Report in Abuja on Thursday, the Food and Agriculture programme coordinator AAN, Azubike Nwokoye also said the federal and state governments need to use the agriculture sector to remove Nigeria from the global list as the poverty capital of the world.

Nwokoye said the sector is the only sector that can adequately provide the needed jobs for Nigeria’s teeming population.

He said the findings from the data for the sub-Indicator for NSAs to monitor the extent to which identified PPPs have linkages with smallholder women farmers.

He noted that while the government is making efforts to improve the space for more PPP arrangements in Nigeria, the benefit from such schemes across the country remained below 27 per cent.

He said the North East have a benefit proportion of 36.39%, South West 33.22%, South East 28.8% and North West 27.55%.