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Pres. Buhari: We Must Go Back to Agriculture as Oil Revenue Shrinks




President Muhammadu Buhari has said Nigerians must stop paying mere lip service to agriculture, as crude oil and gas exports will no longer be sufficient as the country’s major revenue earner.

The president gave the charge at an audience with Kanayo Nwanze, the President of the International Fund for Agricultural Development (IFAD), at the Presidential Villa, Abuja, on Friday.

“It’s time to go back to the land. We must face the reality that the petroleum we had depended on for so long will no longer suffice. We campaigned heavily on agriculture, and we are ready to assist as many want to go into agricultural ventures,’’ Buhari said.

Buhari pledged that his administration would also cut short the long bureaucratic processes that Nigerian farmers had to go through to get any form of assistance from government.

He told the IFAD President that improvement of the productivity of farmers, dry season farming and creative ways to combat the shrinking of the Lake Chad will also receive the attention of his administration.

“There is so much to be done. We will try and articulate a programme and consult organisations like IFAD for advice,’’ he added.

According to the president, foreign exchange will be conserved for machinery and other items needed for production “instead of using it to import things like toothpicks.”

Nwanze had earlier congratulated Buhari on his victory at the general elections and assured him that IFAD was ready to give all possible assistance to the Federal Government and Nigerian farmers to boost agricultural production in the country.

Nwanze, who later spoke to State House correspondents, said IFAD had since 1985 been providing loans and grants in the nation’s agricultural sector to boost agricultural production.
“Nigeria has the largest portfolio of IFAD’s investment in Western and Central Africa and the second largest in Africa. But the case point here is that this country has all the endowments that it takes not only for it to produce enough food for its population but also to be the bread basket of the region. And this is where my institution on my behalf, I offered our services and our support in the agenda of rural transformation as a key ingrate in this country’s economic and social development,’’ he said.

The News Agency of Nigeria (NAN) reports that IFAD is an international organisation dedicated to addressing issues of agriculture and poverty alleviation.

It was established in 1978, and has been collaborating with Nigeria for over 30 years.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.


  1. hushhush

    August 8, 2015 at 10:31 pm

    Is it that baba didn’t hear us all along?
    Is that not what we have been saying since?
    Ok now that you know can we now have a viable minister for agriculture? Yeye dey smell. I hope baba no need hearing aid?

  2. ada bornu

    August 8, 2015 at 10:59 pm

    We will, we shall, we will, permanently on campaign mode.

  3. ssg

    August 8, 2015 at 11:01 pm

    This has been said 5,555 times. Get started baba go slow!

  4. MEE

    August 8, 2015 at 11:17 pm

    The earlier the better biko, plus we have land to support it…..Naija needs other solid streams of national income. This oil ish has caused a lot of problems.

  5. ndubuisi

    August 8, 2015 at 11:50 pm

    I totally agree with Mr president we need to go back with how we produce food back in the 50,s and 60,s this will help Nigeria economy very well and for those who think Agriculture is a professional job, i will sadly think you are stupid.

  6. M

    August 9, 2015 at 12:25 am

    Baba are you just getting the memo? We have gone back since GEJ. Just help us continue and without nepotism& monopoly by your goons. Eg OBJ Atiku and co

    • Smh

      August 9, 2015 at 3:14 am

      If you read well, he said that in comparison to crude oil….be slow to criticize. Regardless of what GEJ and OBJ did, Agriculture as a source of revenue still does not compare to Petroleum….he is urging for it to come close or exceed Petroleum.

  7. EllesarisEllendil

    August 9, 2015 at 12:41 am

    While agriculture is important, as usual we’re doing it the usual Nigerian way AKA being shortsighted.

    We must go back to high standards of education, to having scientists capable of creating new technology, until then we’ll be still stuck as a third world country. To put it into proper perspective, what good will going back to the land do us when everything from tractors and its spare parts to improved fertilizer formulas are imported??? What benefit will it be to us if we’re incapable of dictating our prices because the “Western elite” threaten our borders, this is the part where you’re thinking, if we control demand we control price right? tell me how that works out for labour unions when governments want to break them.

    The most fertile regions in the world are in America and Europe, all this talk of the potential of our arable land hides an uncomfortable truth, we have so much arable land because there is so little infrastructure. As long as the West controls the tertiary productions, we’ll always be subservient to them, investing in agriculture is a good short-term solution, but it always irritates me when government officials spout it as some sort of holy grail, like we’ve discovered gravity or something, its no different from the mirrors, gin and low quality guns they sold our ancestors the last go around.

    We should aim for technological parity in some sectors and food sufficiency, this might shock you, but the West can feed itself(Check out California AKA Silicon Valley and Hollywood’s pre-drought exports), we have a problem feeding ourselves.

    BTW if America and Europe are the West and China and Asia are the East, what are we?? The South??

    • MEE

      August 9, 2015 at 2:40 am

      Lol…..Holy grail

    • Erinma

      August 11, 2015 at 11:21 am

      I don’t know where you are in lagos, but I’m in GRA Ikea and the light hasn’t been impressive. Really the same same, still a lot of power cuts. So I think it varies across Lagos. I know Gbagada has been getting really good service because my aunty lives there. Other than that I ‘m not sure, but the service is no where uniform and that’s where we need to get to. For me, electricity is my benchmark by which I will be impressed by this government because, it is at the root of so many of our issues. Even this agriculture that they want to invest in heavily, we still need steady constant electricity to service it properly and provide financial gains and savings for ordinary people. So until then, I’ll just keep watching.

    • Erinma

      August 11, 2015 at 11:21 am


  8. nnenne

    August 9, 2015 at 2:27 am

    The title of this article is deceitful. Should have been, “We must continue with Agriculture…”
    We have already Gone back to Agriculture.
    The last Agricultural minister really did a great job. Future regimes can build on that!
    PMB please give some credit as due, to the last regime. It is very important.

  9. Iris

    August 9, 2015 at 5:23 am

    Agriculture is good. However, the service industry would be even better.

  10. Naked

    August 9, 2015 at 8:52 am

    Development of the Agricultural sector will not suffice, i would advice the administration to tap into the mining industry. Nigeria has abundant untapped resources ranging from coal, bitumen, limestone, ore and many more which can earn the country billions if tapped into.

  11. som

    August 9, 2015 at 8:55 am

    Everywhere I look, there is electricity. I hardly run my gen. Not SERVICEd It In Months. So so happy. Thank u mr president. The power issue was a major one fr me. To each his own.

    • or

      August 9, 2015 at 2:56 pm

      @ som and you think your Buhari did it? Has Buhari bought a spanner on Electricity?

      I am sure you are in Lagos because only lagos had no light since un bundling of NEPA just to frustrate Jonathan effort in Lagos.

      GEJ did nepa and all praise to him. Nothing has changed get a life and stop spreading falsehood and propaganda on BN.

    • Simi

      August 9, 2015 at 8:10 pm

      Actually, the energy Lagos needs will serve 5 other states so if the allocation is equal or almost equal, you see how Lagos would have had electricity issues.
      Tired of this propaganda blame game.

    • EllesarisEllendil

      August 9, 2015 at 9:30 pm

      So many excuses, just use Occam’s razor. Everything that could go bad did so under Jonathan because he was an incompetent leader.

      The honest truth is that I have 120 hours and counting of uninterrupted power supply, for possibly the first time in my life. The Man on the seat gets the credit, When GEJ needed to be reelected power went to zero!!, total darkness and he could nothing!! That right there is incompetence and a certain amount of stupidity,

      I’m sorry I do not vote based on emotion. Kudos to to him for building the infrastructure, sadly he lacked the wherewithal to properly deploy it. Kudos to Buhari for properly deploying it and taming the “frustrators”.

  12. Name name

    August 9, 2015 at 12:18 pm

    Good one.

  13. ???

    August 10, 2015 at 4:57 am

    And nothing is said about the Tech world?

  14. Dj

    August 10, 2015 at 8:02 pm

    @EllesariEllendi, thank you so much because you hit the nail on the head. Let’s we forget, Jonathan was not the only president who supposedly pumped funds into NEPA. Baba Obasanjo also put in a lot of funds as well. If now that President Buhari is here and NEPA is over efficient, it shows that those funds spent on NEPA was not necessary in the first place.
    Methinks it is the no-nonsense personality of Buhari that has brought the dramatic change. Those ogas at the top know that if they refuse to be efficient, no matter the go-slow tempo, he will still pounce on them and heads will roll. A good example of this is the recent development in NNPC. Please beware, the fear of Buhari is the beginning of wisdom. Sai Buhari, Sai Baba, we are loving this NEPA over-efficiency, at least we will save those money spent on diesel and petrol and can be diverted to other important items in homes. I am very sure that if this trend continues, manufacturing companies will reduce overhead cost and maybe make profit. God Bless Nigeria. UP NEPA.

  15. felix

    August 11, 2015 at 3:22 pm

    of course it is good if in honest, Nigerian government should return to agriculture, not manually, but in a mechanized way. because in America, only 4% PER CENT population cultivate what the entire Americans consume and as well export..
    again, the federal shall build sailos where to pack the essess produce: without that, when the farmers suffer loss, they will be out of production. so, they must be backed up by the federal government.
    just to make a common sense.

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