Public Management

Niger to pump 15% of the state budget into Agriculture over the next five years

Niger to pump 15% of the state budget into Agriculture over the next five years
Friday, 30 April 2021 16:31

The President of Niger, Mohamed Bazoum, announced yesterday April 29 his ambition to boost the agricultural sector.  In that wake, 15% of the annual state budget will be pumped into the sector over the next five years.

The announcement was made during the virtual summit “Feeding Africa: Leadership to Scale Up Successful Innovations.” The meeting was attended by several heads of state, including President Felix Tshisekedi, current chairman of the African Union, and the presidents of financial institutions such as the African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD). Former British Prime Minister Tony Blair and Nigerian billionaire Aliko Dangote were also present. The objective was to identify ways to scale up activities, increase funding and strengthen partnerships to better harness technology to transform agriculture in Africa.

President Bazoum reiterated his country’s will to respect the Maputo commitment that each African country should devote at least 10% of its resources to agriculture. Over the past 10 years, more than CFA2,500 billion have been invested in the 3N Initiative (Nigeriens Nourishing Nigeriens). However, the challenge remains.

"Niger needs to undertake agricultural production to replace imports of 800,000 tons of cereals which amount to 302 million Account Units," said the Nigerien leader before inviting his peers to take coordinated action at the continental level to build sustainable and resilient food systems to eliminate hunger and malnutrition.

Mawulolo Ahlijah

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Senegal raised CFA108.79 billion ($195 million) on the regional market but at rising short-term borrowing costs. Its 364-day yield reached 6.79%, 63...
Nigeria’s real GDP grew 4.07% year-on-year in Q4 2025, up from 3.98% in Q3, according to the National Bureau of Statistics. Oil sector growth...
BGFIBank Cameroon raises capital from 20 to 50 billion CFA Move exceeds new CEMAC minimum capital requirement Reform aims to boost resilience, expand...
EIB invested 3.1 billion euros in Africa 2025 About 46% allocated to climate, sustainability projects Funding aligned with EU Global Gateway...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
03

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
04

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
05

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.