News

Agriculture, our only way out of economic crisis – Osinbajo

By Levinus Nwabughiogu
ABUJA – Vice President Yemi Osinbajo on Monday said that agriculture remained the best alternative oil economy, stressing that the government was taking the diversification Programme seriously.

Osinabjo expressed stated this during a meeting with Mexican agro-business concern, the San Carlos Group and their Nigerian partner Wells Farm, from Edo State led by the Minister of State for Agriculture & Rural Development, Mr. Heineken Lokpobiri at the presidential villa, Abuja.

A statement from the Vice President’s office stated that both companies had a plan Wells Farm would partner with Carlos in several agricultural business initiatives and employ a total of about 85,000 Nigerians.

There was also a suggestion to replicate the partnership with Carlos in the other geopolitical zones just like Wells Farm which is based in the South-South.

The statement added that “Farms are being opened and talks are already on with a number of other states in the federation to ensure this.”

On its part, Carlos, the Mexican agro-business interest said to be one of the biggest concerns in the South American country was instrumental to Mexican’s foreign earnings from Agriculture to the tune of $398B in recent years.