Shettima Launches $500m Niger Delta Agriculture Fund, Says Food Security Key to Tinubu's Agenda
The commercial fund will back bankable projects in aquaculture, palm oil, cassava, cocoa and livestock with support from global lenders and private financiers.
- On Wednesday in Abuja, Vice President Kashim Shettima unveiled the $500 million Niger Delta Agricultural Investment Fund, a commercial vehicle targeting aquaculture, palm oil, cassava, cocoa, rice, and livestock value chains.
- Shettima noted that the oil boom, while fueling early national development, "dulled the industry of the cutlass," teaching Nigeria to "import what its own soil could grow" rather than maintaining agricultural self-sufficiency.
- President Bola Tinubu prioritized food security after his July 2023 declaration of a state of emergency, launching the Renewed Hope Agricultural Mechanisation Programme to deliver 10,000 tractors over five years alongside local assembly plants.
- The Niger Delta Agricultural Development and Investment Council, chaired by Shettima, coordinates pledges from the World Bank, African Development Bank, Islamic Development Bank, and the European Bank for Reconstruction and Development across nine mandate states.
- Minister of Regional Development Abubakar Momoh urged private sector stakeholders to collaborate with governments on transformation, while Shettima implored investors to treat the summit "as the start of an obligation rather than the end of a ceremony.
18 Articles
18 Articles
Nigeria has no business with poverty
Vice President Kashim Shettima has asserted that Nigeria has no business being poor. Shettima spoke while delivering a keynote address at the Agric, Development and Investment Summit in Abuja on Wednesday. He recalled how Indonesia’s revenue from oil palm outweighed Nigeria’s income from crude oil in 2025. The vice president said, “Indonesia is an oil producing but in 2025 it earned 25 billion dollars from 53 tons of crude palm oil while exporti…
Nigeria launches $500 million farm fund to drive food security
FG, NDDC mobilise $500m Niger Delta agric fund to galvanize food production
By Gabriel Ewepu ABUJA – The Federal Government on Wednesday mobilised a $500 million Niger Delta Agricultural Investment Fund to galvanise food production, employment generation, and industrialisation in the Niger Delta region. The Vice President, Senator Kashim Shettima while delivering his speech at the Niger Delta Agricultural Development and Investment Summit, jointly convened by the Office of the Vice President and the Niger Delta Developm…
Shettima unveils $500m Niger Delta agricultural investment fund
“Before a people raise cities, they must learn to feed them, and before a state earns the loyalty of its citizens, it must secure their daily bread,” the vice president said. The post Shettima unveils $500m Niger Delta agricultural investment fund appeared first on Premium Times Nigeria.
Nigeria's US$500 Million Agriculture Fund Aims to Strengthen Food Systems and Rural Livelihoods - Commonwealth Union
A US$500 investment fund meant for agriculture has Nigeria has established a US$500 million investment fund for agriculture. by Nigeria. The fund is aimed at boosting the production of food, attracting private investment and strengthening food security throughout the region. Vice President Kashim Shettima, who made the announcement while an investment summit was commencing in Abuja, highlighted how the government has renewed its commitment towar…
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