To strengthen economic partnerships and address the impacts of natural disasters, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, visited Kebbi State. His visit underscored the Federal Government’s commitment to supporting local economic development and enhancing agricultural resilience.
A statement from the Ministry of Finance, signed by Mohammed Manga, Director of Information and Public Relations, detailed the objectives of Edun’s visit, including addressing the severe impact of flooding on agricultural productivity. Edun emphasized President Bola Ahmed Tinubu’s steadfast commitment to strengthening local economies and tackling the urgent challenges posed by natural disasters.
During the visit, Edun highlighted the proactive measures implemented by the Federal Government, coordinated through the National Economic Council (NEC) and supported by Kebbi Governor Dr. Nasir Idris.
These measures involved allocating N3 billion to each of the 36 states and the Federal Capital Territory. The funds are aimed at combating, mitigating, and preparing for the impacts of flooding during the 2024 rainy season, with a special emphasis on supporting local farmers and safeguarding the agricultural sector.
Edun, accompanied by Governor Nasir Idris and the Minister of Budget and Economic Planning, Senator Atiku Bagudu, toured the WACOT Rice Limited facility in Argungu.
The state-of-the-art rice processing plant boasts an annual milling capacity of 120,000 metric tons and plays a critical role in supporting thousands of local farmers through its extensive procurement network and 8,000-strong out-grower farming programs.
This facility is pivotal in bolstering local rice production and driving economic growth in the region.
The visit also included a stop at a rice farm currently facing the adverse effects of ongoing flooding, which poses a serious threat to agricultural productivity in Kebbi State. Edun commended the resilience of the local community and underscored President Tinubu’s dedication to improving security and boosting the productive capacity across the region. He called for continued investment from the private sector to further expand agricultural production and solidify Nigeria’s standing as a leading agricultural producer on the global stage.
The Minister’s visit to Kebbi State not only highlighted the Federal Government’s dedication to supporting local farmers and mitigating the impact of natural disasters but also underscored the importance of private sector collaboration in enhancing agricultural resilience and productivity. As Nigeria advances, the combined efforts of government and stakeholders will be crucial in overcoming challenges and achieving sustainable economic development.