Update: See how much Nigerian wants to borrow from Brazil
The Federal Government is seeking $1.2bn loan from Brazil to finance agricultural programmes in the 2021 budget. The Minister of Finance, Budget and National Planning, Zainab Ahmed, appeared before the House of Representatives Committee on Finance in Abuja on Tuesday 3, November, to defend the budget.
According to Zainab Ahmed speech she disclosed that the FG sent a request to the National Assembly to approve the loan from the Brazilian government to address issues in agriculture.
Ahmed also said the Federal Government need to acquire 100,000 hectares of lands in each state for food production, and link roads need to be built in such locations to provide access for farmers to move farm products to markets for sale.