A key challenge to higher agricultural productivity in Nigeria is insufficient revenues and budgets. To address this challenge, NIRSAL within clear parameters will assist the federal government to leverage private sector financing in pursuit of specific goals in the agriculture sector.
An additional advantage of this focus is to boost the ability of the federal government to meet the MAPUTO declaration of 2003 which stipulated that governments should commit at least 10% of annual budget to agriculture.
At the state level, NIRSAL will collaborate with interested state governments who have met appropriate criteria to create modern agricultural economies that are more efficient and better positioned to enable the states achieve food security, social security and employment generation.
NIRSAL will therefore work with State Governments, Federal MDAs, and selected 3rd parties to:
- Tackle specific infrastructure blockages in the value chain e.g. structured end to end intermodal transportation with rail providing the back bone, rural roads to link production to markets, irrigation to allow for multiple harvests, etc.
- Identify, select and complement efforts to build the capacity of youths at state levels along commercially viable agricultural value chains.
- Resuscitate moribund export related companies such as Cotton, Ginger, Sesame, Gum Arabic, Sorrel, Hides and Skin, Cocoa, Cashew etc.
- Help create and expand international market access
- Help fix the limiting factors for Agriculture Commodity Exports such as certification, standardization, grading and phyto-sanitary issues.
This will be done in accordance with the approved NIRSAL guidelines and terms for engagement.