• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, June 30, 2026
  • 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

Group hails President Tinubu over the elimination of over 13,000 terrorists in one year

Tinubu’s nomination acceptance speech excites TMSG, TSF

Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course

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

Nigeria court martial 12 military personnel over killing of 85 civilians on wrong bombing
News

Group hails President Tinubu over the elimination of over 13,000 terrorists in one year

June 23, 2026
Tinubu signs amended electoral Act
Energy

Tinubu’s nomination acceptance speech excites TMSG, TSF

May 31, 2026
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course

May 29, 2026
Nigeria’s  Transparent Civil Service Recruitment exciting
Economy/Technology

IN DEFENCE OF PRESIDENT TINUBU’S DEBTS-FOR-INFRASTRUCTURE POLICY

May 18, 2026
Council seeks incentives to boost indigenous ship operations
Economy/Technology

Tinubu’s economic reforms grow Nigeria’s export earnings by 38.68% – TMV

May 7, 2026
Tinubu engages global investors in Paris
Economy/Technology

Tinubu engages global investors in Paris

May 6, 2026
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, WFP worry over food situation

5th foods, beverages exhibition holds in Abuja

August 16, 2023

Parents submit Nigerian fraudster wanted by FBI to anti-graft agency

September 22, 2020
Highest score in Common entrance, NECO unveils placement policy

Highest score in Common entrance, NECO unveils placement policy

June 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
  • NCC sets fresh operational fees, spectrum prices for telecom operators

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

    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

  • Group hails President Tinubu over the elimination of over 13,000 terrorists in one year
  • Tinubu’s nomination acceptance speech excites TMSG, TSF
  • Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course

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