Farmers unveil plans to crash food prices

Farmers unveil plans to crash food prices

By Fly Cable News

Nigerian farmers have said they are going to use the recent government initiatives to boost food production and reduce the prices of foods across the country.

They are banking on a $70 million agreement signed on January 9, 2025 between the National Agriculture Development Fund (NADF) and AGCOMS International Trading Limited to see the plans through.

The deal aims to provide 2,000 John Deere tractors to farmers ahead of this year’s wet season. The agreement also includes establishing a local assembly plant, training technicians, and providing product support.

Also, the Federal Ministry of Agriculture and Food Security signed a Memorandum of Understanding (MoU) with the National Identity Management Commission (NIMC) on January 15.

The initiative aims to register 2 million farmers within the first three months with plans to scale up to six million in the next phase.