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Economic growth

Nigeria's Agriculture Sector to Undergo Transformation Under President Tinubu's Renewed Hope Agenda

Strategic Insights

— 1 min read

As part of President Bola Tinubu's Renewed Hope Agenda, Vice President Kashim Shettima has announced plans to transform the country's agriculture sector, with a focus on creating value-added products that fuel industries, generate employment, and uplift farmers. The transformation effort, which is part of the Special Agro-Industrial Processing Zone (SAPZ) initiative, aims to leverage global expertise, capital, and best practices to achieve sustainable growth and social inclusion.

Key Takeaways:

  • The SAPZ initiative is one of the cornerstones of President Tinubu's Renewed Hope Agenda, aimed at restoring Nigeria's dignity, unlocking its vast potentials, and creating opportunities for every citizen.
  • The Agro-Industrial Hub in Oyo State is the first of its kind under the SAPZ programme, marking a decisive stride in Nigeria's collective quest to build a resilient, self-sufficient, and prosperous nation.
  • The initiative is a product of strategic partnerships between the federal government, state governments, and international development partners, including the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD), and the Islamic Development Bank (ISDB).
  • The SAPZ initiative seeks to address massive post-harvest losses, develop logistics, and improve linkages between farm production, agro-processing, and value addition to transform rural economies and create jobs.
  • Nigeria is set to expand the SAPZ programme across 36 states, with the African Development Bank (AfDB) onboarding 27 more states in tranches starting with 10 states by the first quarter of 2026.
  • Vice President Shettima commended the visionary leadership of Gov. Seyi Makinde and President of AfDB, Dr Akinwumi Adesina, for their dedication to transforming Africa's agricultural landscape.

Statistics:

  • The African Development Bank (AfDB) has put in $934 million for the development of SAPZs and mobilised $938 million to develop them across Africa.
  • SAPZ initiatives are now being constructed in 28 sites in 11 countries.
  • 10 states are expected to be onboarded by the first quarter of 2026 as part of the SAPZ expansion.
  • Nigeria's Agro-Industrial Hub in Oyo State is the third one established by Governor Makinde's administration, following Fashola and Eruwa.

Sources:

  • Vice President Kashim Shettima (as quoted in the article)
  • Minister of Agriculture and Food Security, Sen. Abubakar Kyari (as represented by the vice president)
  • Governor Seyi Makinde (as quoted in the article)
  • President of AfDB, Dr Akinwumi Adesina (as quoted in the article)
  • NAN (News Agency of Nigeria)

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