• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, September 17, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Agriculture accounts for 23.78% of GDP

Agriculture

The Matters Press by The Matters Press
February 7, 2023
Reading Time: 1 min read
0
Nigeria to rebase CPI, GDP

Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, says the sector has accounted for 23.78 per cent of Nigeria’s GDP.

RELATED POSTS

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

The minister made this known on Monday in Abuja in a statement issued by Mr Ezeaja Ikemefuna, Chief Information Officer of the ministry.

He stated that Abubakar gave the figure at the inauguration of Federal Government’s Tractorisation Programme in Kaduna State.

He said the agriculture sector remained one of the key players in the economy and the largest employer of labour.

He said the ministry would acquire 10,000 tractors, with implements and 50,000 units of assorted equipment to kickstart the programme.

Abubakar noted that the tractorisation programme would lead to improved quantity and quality of food per person, reduce drudgery of farmers and increase productivity.

The minister said Nigeria and Brazil entered into bi-lateral agreement under the More Food International Programme (MFIP) of Brazil, which culminated in a loan of 1.2 billion dollars for Nigeria.

The statement also quoted the Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Dr Ernest Umakhihe, as saying the programme would move agriculture from subsistence to commercial business venture.

He said it would also improve the economy of farmers, drive development in agrarian communities, encourage youth participation, and improve revenue in the sector.

Umakhihe reaffirmed the ministry’s commitment to taking the tractorisation programme to higher pedestal where all and sundry would acknowledge its modest achievements.

Earlier, Managing Director of the Bank of Agriculture, Alhaji Alwan Hassan, observed that agricultural mechanisation was low in Nigeria.

Hassan said the success of agricultural production depended largely on mechanisation.

In his contribution, Chairman, Maize Farmers Association of Nigeria, Kaduna Chapter, Alhaji Iliyasu Muazu solicited for increased support to ensure that farmers in the 774 local government areas of the country benefited from the programme.

Tags: Agriculture
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

‎Tinubu never abandoned the North, TMSG insists

September 12, 2025
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Tinubu’s pro-business model triggers surge in capital market – TMSG

September 10, 2025
Tinubu commits to economic reforms as Nigeria marks democracy day
Economy/Technology

‎Tinubu’s achievements daze gov., opposition leaders

September 10, 2025
Next Post
Nigeria key to African blue economy – Korean envoy

Nigeria key to African blue economy – Korean envoy

Buhari unveils redesigned naira notes

Zenith Bank shuts some branches over attacks, lack of new naira notes

Recommended Stories

Nigeria seeking solutions to decrepit, porous colonial prisons

Attack on Jos prison irritates CAN

December 2, 2021
Nigeria’s first Coastal Highway gets regional support against opposition

Nigeria’s first Coastal Highway gets regional support against opposition

May 7, 2024
5G network for launch 2020

Nigeria to unveil masterpiece for easier broadband penetration

October 20, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Leap in non-oil exports gain of Nigeria:s economic diversification ‎
  • Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎
  • ‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

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
Call Us