The National Association of Nigerian Traders (NANTS) has called for the immediate review of the 2019 proposed budget for the agricultural sector due to ambiguities and ‘opaque items’ contained therein.
President of the association, Mr Ken Ukaoha, said yesterday in Abuja that apart from the inconsistencies, the N137.9bn allocation for agriculture in the N8.8trn 2019 budget proposal is too low for any meaningful development in the sector.
He was speaking at the “Validation of analysis of the 2019 proposed budget for the Agriculture sector and its contribution to food security” organised by NANTS.
He, however, commended the present administration for succeeding, to a certain extent, in ensuring that extra-budgetary investments from sources like the Central Bank of Nigeria (CBN) An
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 ...
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