We, the G37 Political Support Group under the leadership of Comrade City Evans, are thrilled to commend the Federal Government of Nigeria for signing a Memorandum of Understanding (MOU) with Fundação Getulio Vargas (FGV) of Brazil to advance private sector development in fertiliser production, hybrid seed technology, and agricultural finance.
This landmark agreement, which was signed on the sidelines of the G20 Leaders’ Summit, marks a new phase of strategic collaboration between Nigeria and FGV, the Green Imperative Project (GIP) lead implementer. The GIP is a 1.2 billion dollar cooperative effort between Brazil and Nigeria, designed to modernise Nigeria’s agricultural sector through Brazilian expertise in tropical agriculture.
We are particularly excited about the project’s aim to deliver transformative agricultural technologies and knowledge transfer over its 10-year duration. The fact that the project will identify and support one agribusiness in Nigeria’s 774 local government areas with technical and financial resources is a testament to the government’s commitment to driving sustainable development and economic growth.
As a group, we believe that this partnership will pave the way for Brazil to engage with Nigeria’s dynamic and rapidly growing agricultural sector. We are confident that the private-sector projects on fertiliser production, hybrid seed technology and agricultural financing will attract the projected $4.3 billion in private-sector investment.
We commend the Permanent Secretary of the Ministry of Agriculture and Food Security (FMAFS), Mr Temitope Fashedemi, and the President of FGV, Professor Carlos Ivan Simonsen Leal, for their leadership and commitment to this project.
Once again, we commend the Federal Government for this laudable initiative and we look forward to seeing the positive impact it will have on our nation’s agricultural sector.
.
