AGRICULTURE
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Staple Crop Processing Zone
This idea focused on attracting private sector agribusinesses to set up processing plants in zones of high food production, to process commodities into food products. This would be enabled by government by putting in place appropriate fiscal, investment and infrastructure policies for Staple Crops Processing Zones.The government will enable this by putting in place appropriate fiscal, investment and infrastructure policies for staple crop processing zones including:
- Tax breaks on import of agricultural processing equipment
- Tax holidays for food processors that locate in these zones
- Supportive infrastructure, especially complimentary investment by the government in roads, logistics, storage facilities and power.
- Infrastructure would focus on power, irrigation, flood control, roads, rail, air etc.
- Staple Crop Processing Zones will link farmers in clusters to food manufacturing plants.
- Develop Agricultural Investment Code, in partnership with Ministry of Finance and Ministry of Trade and Investment and CBN
- The location of Staple Crop Processing Zones will be dependent on a combination of State government support and an analysis of the comparative advantage of the region to produce the identified commodity.
Agriculture in Nigeria is a branch of the economy, providing employment for about 45% of the population.The sector is being transformed to suit standarzition and commercialization of small, medium and large-scale enterprises.
NIRSAL
The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) – a new innovative mechanism targeted at de-risking lending to the agricultural sector, is designed to provide the singular transformational and one bullet solution to break the seeming jinx in Nigeria’s agricultural lending and development.
The Central Bank of Nigeria (CBN) in August 2010, engaged the Alliance for Green Revolution in Africa (AGRA) to develop the NIRSAL.
NIRSAL is an approach that tackles both the agricultural value chains and the agricultural financing valuechain.
The goal of NIRSAL is to trigger an agricultural industrialization process through increased production and processing of the greater part of what is produced to boost economic earnings across the value chain.
Growth Enhancement Support Scheme
Growth Enhancement Support Scheme (GESS) represents a policy and pragmatic shift within the existing Fertilizer Market Stabilization Programme and it puts the resource constrained farmer at its center through the provision of series of incentives to encourage the critical actors in the fertilizer value chain to work together to improve productivity, household food security and income of the farmer.Goals of GESS:-
- Target 5 million farmers in each year for 4 years that will receive GESS in their mobile phone directly totaling 20 million at the end of 4 years.
- To provide support directly to farmers to enable them procure agricultural inputs at affordable prices, at the right time and place.
- To increase productivity of farmers across the length and breadth of the country through increased use of fertilizer i.e. 50kg/ha from 13kg/ha.
- Change the role of Government from direct procurement and distribution of fertilizer to a facilitator of procurement, regulator of fertilizer quality and catalyst of active private sector participation in the fertilizer value chain.
Green Alternatives
Within this overall set of policy principles, the Federal Government will concentrate on providing an enabling environment for stakeholders at federal and state level to play their distinctive roles. The policy emphasis will be on providing a conducive legislative and agricultural knowledge framework, macro policies, security enhancing physical infrastructure and institutional mechanisms for coordination and enhancing access to adequate inputs, finance, information on innovation, agricultural services and marketing.
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