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    MarketForces Africa » MarketForces News » Investment in Agriculture Panacea to Insecurity, Poverty – Obi

    Investment in Agriculture Panacea to Insecurity, Poverty – Obi

    Julius AlagbeBy Julius AlagbeMarch 25, 2024 News No Comments2 Mins Read
    Mr. Peter Obi, the 2023 presidential candidate of the Labour Party, says improved investment in agriculture will address the problems of insecurity, poverty,
    Mr Peter Obi
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    Investment in Agriculture Panacea to Insecurity, Poverty – Obi

    Mr. Peter Obi, the 2023 presidential candidate of the Labour Party, says improved investment in agriculture will address the problems of insecurity, poverty, inflation, and food security affecting the country.

    Obi stated this when he visited Gov. Nasir Idris of Kebbi, in Birnin Kebbi on Sunday.

    Describing agriculture as the backbone of Nigeria’s economy, Obi stressed that adequate funding of the sector would turn the economic fortune of the country around.

    “Nigeria has the largest uncultivated land in the world, most of which is located in the northern part of the country.

    “With effective agricultural production, the sector has the capability to take millions of Nigerians out of poverty and address the problems of insecurity in the country.

    “In addition, agriculture is the basic foundation for attaining food security, eliminating hunger and also serves as foreign exchange earner to stabilise the economy.

    “We have no other country but Nigeria; we must, therefore, create a better place for our children,” he said.

    The presidential candidate acknowledged the position of Kebbi as an agricultural hub, adding that it has the capacity to feed the nation through increased production.

    He explained that his visit to Kebbi, after similar visits to Nasarawa, Niger and Sokoto states, was to break Ramadan fast with fellow Muslims and identify areas of needs that he can assist.

    “In the course of my visit to Kebbi, I have provided Ramadan breakfast to 100 Muslims and commissioned a solar-powered borehole at Hutawa Fulani settlement in Birnin Kebbi,” Obi said.

    Responding, Gov. Idris, who was represented by the Secretary to the State Government, Alhaji Yakubu Bala-Tafida thanked Obi for the visit.

    Idris assured Obi of his administration’s commitment to continue to invest in human capital development, particularly those in the agricultural sector.

    “Recently, the state government procured N2.9 billion worth of fertilisers and distributed them free to farmers across the states, irrespective of party affiliations.

    “We have equally provided solar-powered water pumps and other agricultural inputs to farmers.

    “The goal is to reduce the cost of production, increase yields, and stabilise prices of farm produce,” the governor said. #Investment in Agriculture Panacea to Insecurity, Poverty – Obi

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    Peter Obi
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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