News

April 17, 2024

FG to strengthen agric devt through inclusive land-based investment

FG to strengthen agric devt through inclusive land-based investment

By Innocent Anaba

The Federal Government has said it was committed to adopting responsible and inclusive land-based investment principles in the agricultural sector.

This it noted was in line with the renewed hope agenda of President Bola Tinubu’s administration to improve the ease of doing business, deliver on food security, and ensure social and environmental sustainability.

National Programme Coordinator, State Action on Business Enabling Reforms, SABER, Programme, Dr Ali Mohammed at a workshop on the Framework for Responsible and Inclusive Land-Intensive Agriculture, FRILIA, jointly organised for Sub-nationals by the Federal Ministry of Finance and the Nigeria Governors’ Forum, NGF, in Abuja, reiterated FG’s position in this regard.
The SABER programme is a 3-year (2023-2025) $ 750 million programme for results that seeks to incentivise states to implement critical reforms to improve land administration efficiency.

Disbursements of the fund will be on-lent to the states upon annual verification by an Independent Verification Agent (IVA) that a state has successfully implemented the associated reform. FRILIA is one of the many reforms advocated by the programme.

Dr. Mohammed in a statement by Ibrahim Mohammed, Communication Specialist, SABER Programme, said: “As we seek out increased investment in the sector, we must ensure that impediments to doing business are removed and that investors adhere to principles and guidelines that safeguard the rights of host communities.

“They should also employ operating models that have the least impact on livelihood and the environment. We believe that the Framework for Responsible and Inclusive Land-Intensive Agriculture, FRILIA, provides the roadmap for attaining these objectives.

“This reform will also strategically position your states for local and Foreign Investment, hence, creating more jobs and propelling the much desired Economic Growth.”

In his remarks earlier, the Director General of NGF, Mr Asishana Okauru, disclosed that under the SABER Programme, NGF worked collaboratively with the Federal Ministry of Finance and the World Bank to deliver advisory and capacity-building support to states.

Okauru observed that land-based investment in Nigeria has been marred by various challenges ranging from lack of clarity on governance mechanisms, weak administrative support systems for stakeholders, poor data, little or no recognition for inclusion, gender equality and cultural values, poor engagement with host community; disproportionate compensation and resettlement for persons displaced.