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Tag: Budgetary allocation

Traders want increased budgetary allocation for Agriculture.

Traders want increased budgetary allocation for Agriculture.

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According to Mr Ken Ukaoha, the President, National Association of Nigerian Traders (NANTS) wants the federal government to increase the budgetary allocation for agriculture as was reported by VON Ukaoha made this known in Abuja during validation analysis of the 2019 proposed budget for the agriculture sector and its contribution to food security. Available data shows that the Federal Government allocated N137.9 billion budgeted for agricultural sector in 2019. It premised this policy on the need to provide a disciplined approach to building an agribusiness ecosystem that will solve lack of lending to farmers by the financial system and the dramatic levels of food imports from across the world. However, Mr. Ukaoha observed that there was no allocation in the budget for inputs ...