The National Agricultural Development Fund (NADF) is spearheading this effort, which comes after a 2023 Memorandum of Understanding with John Deere to introduce 10,000 tractors over a five-year period.
It is anticipated that the first shipment of machinery, which will include 100 combined harvesters, ridgers, plows, and harrows, will arrive before the wet planting season. The equipment will be made available to farmers at specific locations in Abuja and Lagos, with the option to pay in installments.
The deal calls for the establishment of a local assembly facility close to Nigerian ports in order to increase domestic capacity.
The deal calls for the establishment of a local assembly facility close to Nigerian ports in order to increase domestic capacity.
This will foster innovative farming methods, improve technical skills, and generate employment. Mohammed Abu Ibrahim, the executive secretary of the NADF, emphasized how the project fits with President Bola Tinubu's goal of using agricultural mechanization to diversify the economy. He said that Nigerian farming methods would be completely transformed by the local manufacturing of these tractors.
NADF is working with the Nigerian Ports Authority to streamline import logistics in order to avoid delays.
The $70 million agreement also covers ongoing technical support and training for regional technicians. Abubakar Kyari, Nigeria's Minister of Agriculture and Food Security, highlighted the program's contribution to improving food security and economic growth, calling it essential to reviving the country's agricultural industry.
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| Credit:The Eastern update |
Source:small business insights
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