Tag

Agriculture

Despite ₦592.9 Billion Budget on Agriculture in the Last Five Years – There’s Less to Show For It

The Ministry of Agriculture received the sum of ₦592.9 billion in the last five years. It is just a fraction of the total budget for the period despite efforts by the Federal Government to find alternatives to oil. As price war and coronavirus disrupt global oil prices and sent economies to the north, Nigeria looked elsewhere to reduce corresponding effects on the economy. Can the agric sector by the bailout? Can it save the nation’s economy from ultimate collapse and quickly help revive the economy from the looming recession?