• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Sunday, November 1, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home Business

FG To Launch $1.1B NAPM Initiative To Stabilize Food Prices

Ojimaojo Abubakar by Ojimaojo Abubakar
April 26, 2025
in Business
0
Over One Million Nigerians Impacted by Severe Food Crisis – World Bank Report
0
SHARES
4
VIEWS
FacebookTwitterWhatsappEmailTelegram

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

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

RelatedPosts

Flutterwave appoints banking expert to drive Asia-Africa expansion

NSIA, partners give seven Nigerian startups $275,000

Nigeria’s diaspora remittances hit record $1.57bn in Q2

Speaking on Friday in Abuja during a meeting of the Presidential Food Systems Coordinating Unit (PFSCU) Steering Committee at the Presidential Villa, Abuja, Vice President Kashim Shettima said the initiative will 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.

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.

VP Shettima further said President Bola Tinubu has 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.

ALSO READ:  itel Clinches Triple Victory At Africa’s Beacon Of ICT Awards

Earlier, the Technical Assistant to the President on Agriculture and Executive Secretary of PFSCU, Marion Moon, explained that 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.

The NAPM, supported by data analytics partnerships and a digital platform under development, is designed to tackle food inflation, inefficient subsidies, and outdated farming practices, to give the country a unified framework to optimise public spending and drive sustainable rural development.

Those present at the meeting included Governors of Jigawa State, Umar Namadi, and Ekiti State, Biodun Oyebanji; Deputy Governors of Borno State, Umar Kadafur, and Ebonyi State, Patricia Onyemaechi Obila.

Others are Minister of Agriculture and Food Security, Senator Abubakar Kyari; Minister of State for Agriculture and Food Security, Aliyu Abdullahi; Permanent Secretary of the Federal Ministry of Finance; heads of agriculture and manufacturing private sector players, and international development partners.

Previous Post

Naira Abuse: Court Orders Remand Of Hip-Hop Artiste ‘Terry Apala’

Next Post

Defections:Atiku Breaks Silence Says Hypocrisy Reigns Supreme

Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

Flutterwave appoints banking expert to drive Asia-Africa expansion

Flutterwave appoints banking expert to drive Asia-Africa expansion

by Ojimaojo Abubakar
October 26, 2026
0

Nigerian-founded payments firm targets cross-border trade as Guo Songmei takes regional sales role Flutterwave has appointed banking executive Guo Songmei...

Cash outside Blbanks hits N4.92tn as Nigerians hold more money

NSIA, partners give seven Nigerian startups $275,000

by Ojimaojo Abubakar
October 26, 2026
0

The Nigeria Sovereign Investment Authority has awarded prizes worth $275,000 to seven Nigerian startups, stressing the need to support micro,...

Nigeria’s diaspora remittances hit record $1.57bn in Q2

Nigeria’s diaspora remittances hit record $1.57bn in Q2

by Ojimaojo Abubakar
October 26, 2026
0

Nigeria’s international money transfer inflows rose by 33 per cent year-on-year to $1.57bn in the second quarter of 2026, setting...

Next Post
Atiku says judiciary biggest threat to Nigeria’s democracy

Defections:Atiku Breaks Silence Says Hypocrisy Reigns Supreme

IMF cuts global growth forecast to 2.8% over tariff uncertainty

IMF To FG: Enhance Transparency In Oil Sector, Contain Borrowing

Recommended

Nigeria’s diaspora remittances hit record $1.57bn in Q2

Cash outside Blbanks hits N4.92tn as Nigerians hold more money

6 days ago
Indigenius launches Agentic Announcer:AI phone calls to complement email and SMS  in Nigeria

Indigenius launches Agentic Announcer:AI phone calls to complement email and SMS in Nigeria

5 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Drama In FCT Polls As APC, PDP Candidates Step Down For Each Other

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    0 shares
    Share 0 Tweet 0
  • Tiv People Of Benue State Celebrates Cultural Day In Sokoto

    0 shares
    Share 0 Tweet 0
  • Karu SSA Mobilises Youths For APC Ahead Of 2027

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (26)
  • Business (882)
  • Education (286)
  • Entertainment (475)
  • Health (261)
  • National (3,566)
  • News (11,329)
  • Opinion (508)
  • Politics (2,364)
  • Science (15)
  • Security (422)
  • Sports (794)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform