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VICE PRESIDENT SHETTIMA REITERATES FG’S COMMITMENT TO SUPPORTING LOCAL FARMERS

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  Nicolas Adekeye / 2 weeks
• 0
• 2 min read

In a bid to address Nigeria’s food security challenges, Vice President Kashim Shettima has reaffirmed the federal government’s commitment to supporting local farmers through targeted interventions. The government plans to intervene robustly to protect local producers, reduce production costs, and provide single-digit loans. The Senior Special Assistant to the President on Media & Communications, Stanley Nkwocha, stated that Vice President Shettima made this known during the steering committee meeting of the Presidential Food Systems Coordinating Unit (PFSCU) at the Presidential Villa. “We need to support our local farmers. Give them single-digit loans. The Presidential Food Systems Coordinating Unit has metamorphosed into an incubator beyond being an advisory body,” VP Shettima stated. Nkwocha added that the Vice President emphasized the importance of strategic government intervention to reduce production costs and support local farmers. The Vice President cited South Korea’s transformation through strategic industrial investments as an example. “How South Korea, a former poor nation, was able to become the world’s number one steel producer. They gave hefty discounts and single-digit loans to the Daewoos, LGs, and Samsungs, who are now global leaders even in the semiconductor business,” VP Shettima explained. Stanley Nkwocha noted that the Vice President directed Governors Umar Namadi of Jigawa State and Francis Nwifuru of Ebonyi State to engage with a Brazilian delegation this Saturday to explore opportunities for collaboration on agriculture. Nkwocha stated that the meeting aims to promote food stability and support local farmers.