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
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing package to Invictus Investment Company PLC (ADX:...
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Cameroon backed $44.9M in BDEAC loans to three private firms Treasury guarantees cover 50% of loans for hotel, plant, logistics projects...
Most Read
01

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
02

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
03

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
04

Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...

Nestlé Faces New Claims of Excess Sugar in African Baby Cereals
05

MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...

Africa HealthTech Bootcamp Opens in Benin With Focus on Regulation and Startup Growth
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.