National Agricultural Development Fund in Nigeria.

National Agricultural Development Fund – Nigerian Watch Newspaper

The Senate in Nigeria has passed a bill that seeks the approval of the establishment of a National Agricultural Development Fund.

The approval followed the consideration of a report by the Senate Committee on Agriculture and Rural Development, which was read on the floor of the red chamber by Chairman of the committee, Senator Abdullahi Adamu (Nasarawa West).

The bill also wants to provide among others, finance agricultural projects in Nigeria, ensure food production and food security all over Nigeria, provide finance for the implementation, and to strengthen agricultural institutions in the country.

During the debate, issues were raised on grey areas which were amended leading to prolonged session on the adoption of the report

The lawmakers took turn to make their contributions and objections from clause to clause, just as the (clauses) were subjected to voice votes by Senate President Ahmed Lawan after several considerations and amendments made.
Senate President Ahmed Lawan congratulated the committee and prayed for President Muhammadu Buhari’s speedy assent to the bill.

He said the bill is “one that will create wealth, provide employments for rural communities as well as stabilize the security situation of the country.”

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