The Federal Government of Nigeria has announced plans to launch a new initiative called the National Agribusiness Policy Mechanism (NAPM), aimed at boosting agricultural productivity, reducing food prices, and driving economic growth.
Vice President Kashim Shettima revealed this during a meeting at the Presidential Villa in Abuja, explaining that the policy will bring all levels of government together under a single agricultural strategy that uses real-time data to plan and monitor results effectively.
He noted that states will play a key role in implementing the policy. The NAPM will also support the Green Imperative Project (GIP), a $1.1 billion agreement between Nigeria and Brazil, signed on March 17, 2025.
The project will modernise 774 medium-sized farms in Nigeria using Brazilian technology, create jobs, and improve food production.
Vice President Shettima added that President Bola Tinubu has approved ₦15 billion for the National Emergency Management Agency (NEMA) to help prepare for floods expected during the rainy season which is one of the government’s first proactive moves to handle potential climate-related disasters.
Marion Moon, the President’s Technical Assistant on Agriculture, said the pilot phase of NAPM has already taken place in 13 states, and the full launch is scheduled for June 2025.
She stated that the policy aims to correct inefficiencies like outdated farming methods and ineffective subsidies while promoting rural development through smarter public spending and digital tools.
Present at the meeting were governors, deputy governors, ministers, private sector leaders in agriculture and manufacturing, and international development partners.
