FG secures $600m in foreign agriculture loans for food security and rural development.

The Federal Government has secured over $600 million in foreign agricultural loans for 2024, aimed at boosting food security and rural development. The loans will support initiatives focused on agriculture and related sectors.

The Federal Government has secured a significant investment of over $600 million in foreign agricultural loans for the year 2024, aimed at enhancing food security and promoting rural development. This substantial funding is expected to have a profound impact on the country's agricultural sector, bolstering efforts to address hunger and poverty in rural areas. The Ministry of Agriculture and Food Security has taken steps to utilize these funds effectively, which are anticipated to yield substantial benefits for the nation's agricultural industry. The secured loans will support various initiatives aimed at improving crop yields, enhancing irrigation facilities, and expanding agricultural production capabilities.