FG, FAO unveils $3.14 billion investment to boost Agriculture in Nigeria
The Federal Government has launched an ambitious $3.14 billion agricultural investment plan in partnership with the Food and Agriculture Organization (FAO) Hand-in-Hand Initiative.
This initiative aims at transforming five key value chains, such as tomato, cassava, maize, dairy, and fisheries.
According to NTA, this was made known by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, during his presentation at the National Hand-in-Hand investment forum on Tuesday, September 17, 2025, in Abuja.
Kyari said the Hand-in-Hand initiative seeks to eradicate poverty, end hunger, and achieve food sovereignty while aligning with global Sustainable Development Goals (SDGs) and the African Union’s Comprehensive Africa Agriculture Development Programme (CAADP).
The minister highlighted the investment’s potential to lift millions out of poverty, create jobs, and enhance food security.
Further insight
Kyari stated that the portfolio, which is supported by a combined commitment of $1.75 billion in government funding and $1.39 billion from the private sector, boasts a 14% average internal rate of return.
He said that this is also expected to increase per capita incomes by up to $657 and sequester over 1.2 million tonnes of carbon, contributing to global climate goals.
Kyari said, “Nigeria presents a robust and compelling 3.14 billion US dollar investment portfolio under the FAO’s Hand-in-Hand Initiative. This portfolio is strategically focused on five high-impact value chains: tomato, cassava, maize, dairy, and fisheries.
