The Senate President, Dr. Abubakar Bukola Saraki has called on Nigerians to take agriculture more seriously in order to diversify the country’s economy.
Speaking against the backdrop of the consideration of a Senate bill to amend Nigeria’s Agricultural Credit Guarantee Scheme, sponsored by Senator Andy Uba (Anambra South), the Senate President stated that with the proper mechanisms in place, agriculture would soon take the driver’s seat in Nigeria’s economic development as it stands to create sustainable employment for young people.
“This scheme when actualized will ensure that our farmers have access to funds,” Saraki said, while also stressing that Nigeria would need to also forge a legislative framework to support the actualization of the bill.
“In order to meet long-term financial commitments to our farmers, we need to ensure that we protect the credit financiers and banks that are involved in credit disbursement,” the Senate President said, adding that “Doing this will ensure that all stakeholders meet their financial obligations.”
Also speaking on the bill, Senator Ben Murray-Bruce stated that the bill to restructure Nigeria’s agricultural lending scheme was coming at a time when many young people do not see farming as an attractive profession. He, therefore, called on his colleagues to support the bill, stating that such initiatives were necessary to make agriculture more appealing to young people.