Ogun Earmarks Over 21bn For Agric, To Build Agro Processing Zones

In pursuance of its commitment towards developing agriculture in the State, the Ogun State Government has disclosed that it has earmarked 21.634 billion naira, approximately 17percent of the total budget, for agriculture in its year 2020 budget proposal.

 

The Ogun State Governor, Prince Dapo Abiodun, who made the disclosure during the presentation of Year 2020 Budget, tagged, “Budget to Build Our Future Together”, at the State House of Assembly Chamber, Oke-Mosan, Abeokuta, said his administration had continued to intensify efforts to partner with various private companies for the general development of the State.

 

Governor Abiodun noted that the State, as an emerging mega-economy in the country and agriculture, remains one of the main stay of the State’s economy, being the largest producer of Cassava and one of the major producers of rice, maize, cashew, cocoa and others, which would help create thousands of employments opportunities and turn our teeming youths to Agripreneurs.

He explained further that government was partnering with the African Development Bank to build the largest agro processing factory in the country, to further add value to agricultural produce, which he noted would provide food security and self-sufficiency for the people of the State.

 

He declared that the State was taking giant strides in partnering with the Central Bank of Nigeria on the Anchor Borrowers Scheme, to provide income for the youths and women, as well as boost the State Internally Generated Revenue and also provide raw materials for the agro-allied and beverage industries in the State.