Close Menu
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
    • Life & Style
      • Crime
      • R&D Health
      • Diet and Fitness
      • Intimacy
  • Videos
  • About Us
    • Contact Us
Facebook X (Twitter) Instagram
Trending
  • Kano explosion caused by unexploded ordnance, not IED – Police
  • Why I rejected N30m donation from Kebbi governor – Pastor Enenche
  • Anambra, Delta NSCDC join forces to curb vandalism
  • NMA urges end to leadership crisis at Yaba psychiatric hospital
  • FCT Teachers’ strike: VeryDarkMan takes protest to Wike’s doorstep + Photos
  • Lagos demolishes illegal structures at Oko-Oba abattoir
  • Nigeria emerges as third most formidable military force in Africa + Full List
  • Governor Mbah pardons 11 inmates
Facebook X (Twitter) Instagram
The Eagle OnlineThe Eagle Online
Banner
  • Home
  • News

    Why I rejected N30m donation from Kebbi governor – Pastor Enenche

    June 23, 2025

    NMA urges end to leadership crisis at Yaba psychiatric hospital

    June 23, 2025

    FCT Teachers’ strike: VeryDarkMan takes protest to Wike’s doorstep + Photos

    June 23, 2025

    Lagos demolishes illegal structures at Oko-Oba abattoir

    June 23, 2025

    Nigeria emerges as third most formidable military force in Africa + Full List

    June 23, 2025
  • Sport

    Sanwo-Olu, others grace Troost-Ekong charity football match

    June 23, 2025

    Shaibu attributes appointment to divine favour, vows to deliver on Tinubu’s mandate

    June 22, 2025

    Wike to upgrade IBB Golf Club to international standard 

    June 22, 2025

    Flamengo stun Chelsea in Club World Cup

    June 21, 2025

    Ex-Deputy Governor appointed NIS DG, pledges excellence

    June 21, 2025
  • Politics

    2027: Lady floats all women group to campaign for Tinubu

    June 23, 2025

    Rivers LG Administrator beaten, forced to resign by aides — Police

    June 23, 2025

    Anti-Tinubu coalition writes INEC for registration of new party

    June 21, 2025

    Rivers LG boss resigns in letter with major gap + Letter

    June 21, 2025

    2027: Shettima’s fate will be decided after National Convention — APC National Secretary

    June 21, 2025
  • Column

    Your victory is coming, by Gabriel Agbo

    June 23, 2025

    Yelwata: Still dancing on eggshells, by Kazeem Akintunde

    June 23, 2025

    Curbing insecurity, investing in rural infrastructure are key to Nigeria’s agri-potential, by Diana Tenebe

    June 22, 2025

    Tinubu’s second year in office and Niger Delta’s fortune, by Jerome-Mario Utomi

    June 22, 2025

    FCT: That Wike may succeed, by Taiwo Adisa 

    June 22, 2025
  • Business

    Fidelity MD urges women to embrace lifelong learning, collaboration for career success

    June 22, 2025

    FG secures approval for Air Peace to fly directly to Heathrow

    June 22, 2025

    NNPCL spokesperson resigns, gives reason

    June 21, 2025

    NERC sets date for GenCos to integrate operations with SCADA

    June 21, 2025

    River Park Estate Dispute: Court restrains I-G, EFCC, others from taking any action 

    June 21, 2025
  • Entertainment
    1. Photos
    2. Fashion
    3. Movies
    4. Music
    5. Life & Style
      • Crime
      • R&D Health
      • Diet and Fitness
      • Intimacy
    Featured

    President Tinubu celebrates Tony Elumelu’s wife at 55

    By The Eagle OnlineJune 23, 2025 Featured 2 Mins Read
    Recent

    President Tinubu celebrates Tony Elumelu’s wife at 55

    June 23, 2025

    Netherlands returns 119 looted Benin bronzes to Nigeria

    June 22, 2025

    Minister commends Gov. Adeleke for rapid state development

    June 21, 2025
  • Videos

    Video: 2027: Alliance to have Atiku as president for one term, Obi as VP, to then run for presidency in 2031

    April 12, 2025

    APC Crisis: Why Tinubu demanded for Sanwo-Olu’s resignation

    April 10, 2025

    How Driver Of Gas-Bearing Truck Brought Misery To Many Under Otedola Bridge – Dotun Oladipo

    March 15, 2025

    Korra Obidi calls out ex-husband for failing to pay child support

    December 7, 2023

    2024 will be year of turbulence -Apostle Selman

    December 7, 2023
  • About Us
    • Contact Us
The Eagle OnlineThe Eagle Online
Home»Business»Council of State okays $1b to boost agriculture, economic diversification
Business

Council of State okays $1b to boost agriculture, economic diversification

The Eagle OnlineBy The Eagle OnlineFebruary 23, 2018No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Council of State on Thursday approved a fresh $1 billion to further boost the nation’s agricultural sector, Governor Ibikumle Amosun of Ogun State has disclosed.
Amosun, briefing the State House Correspondents after the council’s meeting at the Presidential Villa, Abuja, expressed the hope that the amount would enhance the Federal Government’s diversification programmes.
However, the governor kept mum on how the funds will be sourced.
The meeting, which was presided over by President Muhammadu Buhari, had in attendance, three former Heads of State: General Yakubu Gowon, General Abdulsalami Abubakar and former President Olusegun Obasanjo.
According to Amosun, an appreciable part of the $1 billion is expected to be distributed around agricultural schemes, with conditions set out for the beneficiaries to meet before accessing the funds.
He said: “The Council deliberated extensively on our economy, how to diversify our economy and the efforts that were being made to pull Nigeria out of the doldrums.
“The Council appreciated the efforts that had been in place to move Nigeria away from recession.
“Now, gradually we are getting it right and Council noted that what is being done is good.
“Council also noted what was being done in the area of agriculture, how Nigeria moved from one monolithic economy to now a diversified economy.
“Council noted that there is still more to be done.
“It was advised that we should improve on the funding and increase the funding on agriculture and it was paltry, about $200 million.
“But if you compare that side by side with what we are investing, what we are pumping into the area of oil, the monolithic economy that we have running, we noticed that it is just insignificant.
“So, the Council recommended that at least about $1 billion should now be pumped into agriculture.”
Amosun said the council noted how Nigeria moved the budget from about N4 trillion to now about N8 trillion.
He said: “It also noted that when President Muhammadu Buhari came in, he was jostling at a very deep because oil had nosedived from $112 in 2014 and in 2016 it was $30.
“Council also appreciated the efforts of the Ministers of Agriculture and that of Budget and National Planning after their briefings, on the efforts they are giving to Mr. President and agreed they should continue in what they are doing.”
Others in attendance were Vice President Yemi Osinbajo; Senate President Bukola Saraki; state governors; Minister of the Federal Capital Territory, Alhaji Muhammed Bello; and National Security Adviser to the President, retired Major General Babagana Munguno.

Post Views: 105

Follow The Eagle Online Channel on WhatsApp

Chief Olusegun Obasanjo Council of State Dr. Abubakar Bukola Saraki General Abdulsalami Abubakar General Yakubu Gowon Governor Ibikunle Amosun President Muhammadu Buhari Vice President Yemi Osinbajo
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleFayose expresses concern over missing Yobe schoolgirls
Next Article Kano State Accountant General resigns
The Eagle Online

Related Posts

President Tinubu celebrates Tony Elumelu’s wife at 55

June 23, 2025

Ex-Commissioner accuses LAWMA Director of abducting him

June 23, 2025

Alia suspends aide over alleged sextortion, cyberbullying

June 23, 2025
© 2025 All Rights Reserved. The Eagle Online.
  • Home
  • Privacy Policy
  • Advert Rates
  • Submit News
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.