Agriculture

FG, S/Arabia Explore Potentials Benefits in Agriculture, Investment, Others

By Victoria Onyisi

The Federal Government and the Kingdom of Saudi Arabia have concluded arrangement to strengthen bilateral relations to explore the potentials in agriculture, trade and economic opportunities that exist between both countries.

The commitment was made at a meeting between a delegation from the Kingdom of Saudi Arabia led by its Minister of Environment, Water and Agriculture Engr. Abdulrahman Alfadley and the Nigerian delegation led by the Minister of Agriculture and Food Security Senator Abubakar Kyari, Minister of Water Resources and Sanitation, Prof. Joseph Utsev, Minister of Budget and Economic Planning Alh. Abubakar Atiku Bagudu and Chairman Nigeria Governors’ Forum, Alh. Abdulrahman Abdullazaq held in Abuja on Thursday.

Speaking at the meeting, Kyari, acknowledged that Nigeria is endowed with agricultural potential and investment opportunities that if properly harnessed, would boost food production that can feed the entire nation and be exported as well as enhance the economy of the country.

NCC Ad

He explained that it was part of a deliberate move to achieve food production and explore investment opportunities in the country, that President Bola Tinubu recently met with the Prince of Saudi Arabia with a follow up meeting being held in Nigeria between the two countries to rekindle  the  earlier commitment .

“It was as a result of the outpourings of the bilateral engagement we had when we accompanied  Mr. President, to Saudi Arabia in November for the Saudi African Summit, where we had side meetings and I met with my colleague and counterpart from the Kingdom of Saudi Arabia, Engineer Abdur Rahman Alfaddly who has paid us a return visit.

“This visit, in a sense, like I said, was for us to partner.

We also have something to benefit from them. They also have something to benefit from us. They can come in and partner with us in terms of agricultural investments.

“We have a wide array of crops that they can invest in. So, we have never had it this good and look at the interest that has developed from the participation, even on the private sector, that have come in to show support and also to see opportunities that exist.,” he noted. 

In his speech, Minister of Water Resources and Sanitation who highlighted the importance of water for irrigated agriculture, maintained that Nigeria was happy with the partnership and willing to provide all that was needed to enhance food production in order to achieve the food security drive of President Tinubu administration.

Utsev expressed optimism that the partnership would also benefit Nigeria in the  area of sanitation and hygiene sector.

Chairman, Nigerian Governor’s Forum and Governor of Kwara State Abdullahman Abdullazaq who pointed out that all lands belong to States said, the Nigerian Governors were willing to channel the lands in their care for full agriculture for consumption and export.

Minister of Budget and Economic Planning Senator Abubakar Atiku Bagudu said the partnership will benefit both countries especially in the areas of economy and job creation.

Earlier, head of the Kingdom of Saudi Arabia delegation Alfadley said they were in Nigeria to cement relationship between the two countries especially in the areas of comparative advantage including agriculture, investment, and economy and job creation.

“Food production and food availability and accessibility is becoming on the top of the agenda of all countries, and we do believe that Nigeria has some comparative advantages and need to invest wisely in the agriculture, food sector, whereby we will be targeting, you know, the Nigerian market or exporting, you know, to the nearby countries. 

“We are also aware that the challenge facing what’s called, you know, self-insufficiency is your ability to produce at a lower cost compared to what is from outside, because if we fail to do so, we will continue to import, and at a certain point in time, we may not be able to import, and the local production is not available. So, what we, I believe, need to do, the Saudi private sector, I think, is prepared, to examine all the opportunities with the Nigerian private sector,” he stated.

Related Posts

GMO: NABDA, NBMA, OFAB Task Editors on Accurate, Balanced Biotechnology Reportage

Extraordinaire News

WHY UMAKHIHE BAGS FUL’s DOCTORAL DEGREE

Extraordinaire News

GDP: Agriculture Ranks Sky-high, Outpaces Oil/Gas, ICT, Others in Q2

Extraordinaire News

Food Security: Sharubutu, ARCN Executive Secretary Joins AATF’s BoTs

Extraordinaire News

AGRICULTURE MINISTERS UNFOLD STRATEGY TO BOOST FOOD SECURITY IN 2024

Extraordinaire News

OFAB: $6.3m Spent on Media Awards, Pledges to Cover 30% of Africa with Biotechnology in 2026

Extraordinaire News

FG COMMENDS IFAD, APPEALS FOR EXPEDITIOUS RELEASE OF $5M GRANT FOR FOOD SECURITY

Extraordinaire News

Nigeria’s Food Emergency: FG Inaugurates C’ttees to Boost Fertiliser Production

Extraordinaire News

Animal Welfare: FG Inaugurates National Council for Regulation

Extraordinaire News

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.