Mr. Olatunbosun Oyintiloye, an All Progressives Congress Chieftain in Osun State, expressed commendation towards President Bola Tinubu for authorizing a 50 percent reduction in the cost of agricultural inputs ahead of the forthcoming dry season farming, aiming to support farmers across the nation.
Oyintiloye highlighted that this subsidy on farming necessities, endorsed by the president, would play a crucial role in assisting farmers to escalate production levels. Consequently, it is expected to contribute significantly to increasing food availability at more affordable prices for the populace.
In his statement in Osogbo on Sunday, Oyintiloye referenced Senator Abubakar Kyari, the Minister of Agriculture and Food Security, who had announced on November 25 the federal government’s plan to provide a 50 percent input subsidy to support 250,000 wheat farmers in cultivating approximately 250,000 hectares during the dry season.
As a former member of the defunct APC Presidential Campaign Council, Oyintiloye emphasized the importance of this initiative considering the country’s current food inflation rate, standing at 31.5 percent according to data released by the National Bureau of Statistics.
He said, “We need to commend President Tinubu for this 50 percent subsidy on farm inputs. This will go a long way to boost food security, attract private sector investment, reduce post-harvest losses, as well as, add value to local agriculture produce in the country.
“With the various agricultural interventions by the president, there would be positive changes in the prices of food and there would be surpluses in the coming days.”
He said the president’s desire for food security and his quick intervention on fertilizers, improved seeds, agricultural mechanization, and grants in both the short and long run, would yield a desirable result and help ensure food production.
Oyintiloye, however, appealed to the federal government to relate directly with subsistence and large-scale farmers, among other stakeholders in the agriculture business through their various associations.
He said this would enable the relevant individuals or groups to access various government intervention programmes without any form of hindrance, thereby making Nigeria self-sufficient in terms of agricultural produce.
A Chieftain of the All Progressives Congress in Osun State, Mr Olatunbosun Oyintiloye, has commended the President, Bola Tinubu, for approving a 50 percent reduction in the cost of agricultural inputs for farmers in the country, ahead of the commencement of dry season farming.
Oyintiloye said that the subsidy on farm inputs by the president would assist farmers in increasing production, thereby boosting food availability at affordable prices for the people.
Speaking in Osogbo on Sunday, Oyintiloye recalled that Minister of Agriculture and Food Security, Senator Abubakar Kyari, had on November 25 said that the federal government would support 250,000 wheat farmers with a 50 per cent input subsidy to cultivate about 250,000 hectares during the dry season.
The ex-lawmaker, who was part of the defunct APC Presidential Campaign Council, noted that the country’s current food inflation, going by the data made available by the National Bureau of Statistics stood at 31.5 per cent.
He said, “We need to commend President Tinubu for this 50 per cent subsidy on farm inputs. This will go a long way to boost food security, attract private sector investment, reduce post-harvest losses, as well as, add value to local agriculture produce in the country.
“With the various agricultural interventions by the president, there would be positive changes in the prices of food and there would be surpluses in the coming days.”
He said the president’s desire for food security and his quick intervention on fertilisers, improved seeds, agricultural mechanisation and grants in both the short and long run, would yield a desirable result and help ensure food production.
Oyintiloye, however, appealed to the federal government to relate directly with subsistence and large-scale farmers, among other stakeholders in the agriculture business through their various associations.
He said this would enable the relevant individuals or groups to access various government intervention programmes without any form of hindrance, thereby making Nigeria self-sufficient in terms of agricultural produce.
