Professor Yemi Osinbajo recently disclosed that the Federal Government will soon unfold the $100bn Green Imperative Nigeria-Brazil Bilateral Development Programme designed to sustain the economy through agricultural mechanisation.
He stated that the initiative would make use of Brazilian technology for the development of agricultural mechanisation to make farming a dignified venture for Nigerians and ultimately increase agricultural production and boost food security.
Declaring open the Nigerian Diaspora Investment Summit 2021 organised by the Nigeria Diaspora Summit Initiative in collaboration with the Nigerians in Diaspora Commission in Abuja on Tuesday, Osinbajo explained that the first phase of the programme involves the allocation of over $200m for the creation of around 780 Agricultural Service Centres as the poles for catalyst through training and equipment sharing.
The second phase, he added, entails technology transfer from Brazil to Nigeria via the commercialization of agricultural equipment and input such as tractors, planters, seeders, fertilizers and pesticides.