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
Carrefour signed a franchise and supply agreement to enter Ethiopia with Midroc’s Queens Supermarket PLC. The partners will convert 13 existing stores...
Ecobank Nigeria repaid about $245 million, or more than 80%, of its $300 million Eurobond due in February 2026. The early repayment reduced...
Development Partners International sold its 20.17% stake in Atlantic Business International for more than $200 million. The transaction valued...
The Alliance of Sahel States plans to create a joint purchasing agency covering Mali, Burkina Faso, and Niger. The initiative aims to regulate cereal...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
03

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
04

Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...

Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
05

Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...

Heirs Holdings Push Oil Equity Production to 50,000 Barrels Per Day Following $496 Million Share Acquisition in SEPLAT
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.