FG To Unveil $100bn Nigerian-Brazil Initiative On Economy, Food Security

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Vice President Yemi Osinbajo has announced that the Federal Government will be unveiling the $100bn Green Imperative Nigeria-Brazil Bilateral Development Programme developed to support the economy through agricultural mechanisation.

He noted that the initiative would explore Brazilian technology for the advancement of mechanization of the agricultural sector in order to make farming a dignified venture for Nigerians and ultimately grow agricultural output and boost food security in the country.

Osinbajo while declaring open the Nigerian Diaspora Investment Summit 2021 hosted by the Nigeria Diaspora Summit Initiative in collaboration with the Nigerians in Diaspora Commission in Abuja on Tuesday, noted that the first phase of the programme entails the allocation of over $200m for the establishment of around 780 Agricultural Service Centres as the poles for catalyst through training and equipment sharing.

Read more from the source- EIN