FG Targets Lower Production Costs With Mechanised Farming, Better Transport

President Bola Ahmed Tinubu has said his administration will intensify investment in mechanised agriculture, irrigation, storage and transportation as part of efforts to reduce production costs and strengthen Nigeria’s agribusiness sector.

Tinubu said the government would expand mechanised irrigation and dry-season farming while improving access to seeds and fertiliser.

He added that the administration would increase agricultural mechanisation and invest in storage and transportation infrastructure.

According to him, roads, railways and ports are also being built and completed to connect farms and factories to markets.

The President said reducing production and transportation costs would help businesses and ultimately influence the prices paid by consumers.

“When a farmer produces more cheaply, when fewer crops are lost between the farm and the market,” he said, the savings would eventually be reflected in market prices.

Tinubu said the government’s broader objective was to create an economy where farmers could produce more at lower costs and earn better returns from their labour.

He also said Nigeria has the land and people needed to feed itself, while calling for greater domestic production to supply both cities and factories