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Friday, December 27, 2024

FG TO INVEST MASSIVELY IN AGRICULTURE TO DIVERSIFY ECONOMY – GBABAJAMIILA

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Hon. Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, has announced that the Federal Government will significantly invest in agriculture as part of its strategy to diversify the economy. This move aims to enhance food security and encourage innovative practices within the sector.

During a recent visit to the Nigeria Agriculture and Land Development Agency (NALDA), Gbajabiamila highlighted the importance of modern agricultural practices, including the development of greenhouses and the expansion of arable land. He expressed confidence in NALDA’s role in advancing these goals.

Gbajabiamila also praised the Bureau of Public Procurement (BPP) for saving the Federal Government ₦1.7 trillion from 2009 to 2022 by preventing procurement fraud. He noted that the BPP Act is being reviewed to align with international best practices, reduce corruption, and streamline processes. Additionally, he mentioned that President Tinubu plans to inaugurate the National Council on Procurement (NCP), which has yet to be established since the creation of the Bureau.

The Chief of Staff also acknowledged the Bureau of Public Enterprises (BPE) for remitting over ₦1 trillion in proceeds to the Federal Government since 1999, though current revenues have fallen short of expectations. At the Nigeria Atomic Energy Commission (NAEC), Gbajabiamila reaffirmed the government’s commitment to incorporating nuclear technology into Nigeria’s energy strategy.

He concluded by emphasizing the administration’s dedication to strengthening these institutions to better support the government’s economic and developmental agendas.

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