Index to Nigerian Newspapers

Nigeria is set to curb imports in the face of declining revenue from oil, but its agriculture sector is facing hard times due to the COVID-19 pandemic and soaring inflation. The Comprehensive Africa Agriculture Development Programme (CAADP) proposed that African countries allocate 10% of their budgets to boost agricultural productivity, but Nigeria has failed to implement the policy. Its budgetary allocation to agriculture rose from 1.70% in 2017 to two% in 2018. Nigeria's low budgetary allocation to agriculture is one of the reasons the sector has not recorded huge progress when measured against the African Union's African Agricultural Transformation Scorecard (AATS). The AATS tracks progress in commitments made by AU Heads of State and Government through CAADP and the Malabo Declaration to increase prosperity and improved livelihoods for transforming agriculture. Concerned stakeholders and experts in the sector have called for an increase in funding allocated to the sector, but also improvements in the effectiveness of agricultural spending.

Nigeria is set to curb imports in the face of declining revenue from oil, but its agriculture sector is facing hard times due to the COVID-19 pandemic and soaring inflation. The Comprehensive Africa Agriculture Development Programme (CAADP) proposed that African countries allocate 10% of their budgets to boost agricultural productivity, but Nigeria has failed to implement the policy. Its budgetary allocation to agriculture rose from 1.70% in 2017 to two% in 2018. Nigeria's low budgetary allocation to agriculture is one of the reasons the sector has not recorded huge progress when measured against the African Union's African Agricultural Transformation Scorecard (AATS). The AATS tracks progress in commitments made by AU Heads of State and Government through CAADP and the Malabo Declaration to increase prosperity and improved livelihoods for transforming agriculture. Concerned stakeholders and experts in the sector have called for an increase in funding allocated to the sector, but also improvements in the effectiveness of agricultural spending.