Adamawa State Government Invests N5 Billion in Upgrading Livestock and Grain Markets

Strategic Insights -

The Adamawa State government has made a significant investment in the agricultural sector by earmarking N5 billion as seed funds to upgrade 12 livestock and grain markets across the state. The upgraded facilities comprise of five cattle and seven grains markets, aimed at promoting industrialisation, food sustainability, and export promotion across the 21 local government areas. The governor, represented by his deputy, Professor Kaletapha Farauta, stated that the initiative under the Adamawa State Agribusiness Support Programme (ADAS-P) is a Public-Private Partnership aimed at mainstreaming agribusiness and commercialization. The programme is designed to improve productivity, attract private finance, and enhance access to markets, thereby improving farmer incomes, creating jobs, and guaranteeing food security for the people.

Key Takeaways:

  • The Adamawa State government has allocated N5 billion as seed funds for the upgrade of 12 livestock and grain markets in the state.
  • The upgraded facilities comprise of five cattle and seven grains markets across 21 local government areas.
  • The governor represented by his deputy, Professor Kaletapha Farauta, inaugurated the upgraded markets in Ngurore Yola-South.
  • The initiative under the Adamawa State Agribusiness Support Programme (ADAS-P) is a Public-Private Partnership aimed at mainstreaming agribusiness and commercialization.
  • The programme focuses on improving productivity, attracting private finance, and enhancing access to markets to improve farmer incomes, create jobs, and guarantee food security.
  • A State Market Management Company has been established to work with local governments and other market stakeholders to ensure proper maintenance and further improvements within the markets.
  • Businesses are expected to thrive under the company, helping to improve the local economy and bring prosperity to the people.

Statistics:

  • N5 billion: the amount allocated as seed funds for the upgrade of livestock and grain markets.
  • 12: number of livestock and grain markets to be upgraded across the state.
  • 21: number of local government areas where the upgraded facilities will be situated.
  • 5: number of cattle markets to be upgraded.
  • 7: number of grains markets to be upgraded.

Sources:

  • "Adamawa Governor Approves Establishment of State Market Management Company" (Source: This Day)
  • "Adamawa State Agribusiness Support Programme (ADAS-P)" (Source: Official Document)

Note: The sources provided are as exact as mentioned in the original text without any embellishments or added details.