24 October 2012

Nigeria: Netherland Invest Over 5 Billion Naira in Nigeria's Agriculture

The Netherlands is investing over 26 million Euros, over 5.3 billion naira, in Nigeria's agric business for thousands of Nigeria, the Dutch ambassador to Nigeria, Bert Ronhaar, has said.

Mr Ronhaar, who made this known when the special advocate on financial inclusion for development to the UN Secretary General Banki-Moon, Princess Maxima of Netherlands, paid a visit to the Federal Ministry of Agriculture and Rural Development last night, said six million Euro is being spent on value-added chain for cassava thereby creating employment for 100,000 farmers.

"We are supporting the cassava industry and the small holder cassava growers in Nigeria with a contribution of six million Euros developing the value-added chain of cassava which results in creating employment and income for approximately 100,000 Nigerian farmers," he said.

"At the same time the Dutch government is supporting the coco growers in this country, the coco processing industry; it is also supporting the value-added chain in the coco industry. And the total amount invested in that programme which will last for over five years is approximately 20 million euro.

"It is not about money always. It is about the idea. It is about the drive, the experience with which we can help Nigeria.

"There is one other programme that will start in 2013. The programme is for nationwide public private partnership in agro-processing, in agriculture and horticulture. That will be implemented by the International Fertilizer Development Center, IFDC, well known to many of you, I know. And that will be a few million Euros. We really hope that they will bring expertise together of Dutch industry, but not only the Dutch, but African and many more local companies."

Princess Maxima, who said she is in Nigeria for the launching of the National strategy for financial inclusion, said stakeholders including the insurance industry need to come in to make financial inclusion a reality and limit the risk the famers have to go through.

Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.