Food security: FG offers 40 tertiary institutions N2bn each

The Federal Government has announced plans to provide up to N2bn in financing to each of 40 tertiary institutions in a bid to establish commercial farms, boost food production, create employment, and reduce dependence on government funding. The Minister of Education, Dr Tunji Alausa, revealed the details of the Renewed Hope Tertiary Agricultural and Entrepreneurship Programme during a meeting with heads of the selected institutions and the management of the Bank of Agriculture.

The programme aims to mobilise over 500,000 hectares of underutilised land across tertiary institutions for commercial agricultural production, research, and enterprise development. Participating institutions would establish limited liability companies to partner with the Bank of Agriculture, which would provide financing ranging from N1bn to N2bn for agricultural production and related inputs.

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