The Federal Government of Nigeria has said that it’s seeking a loan of $1.2 billion from Brazil to finance agricultural programmes in the 2021 budget.
Zainab Ahmed, the minister of Finance, Budget, and National Planning, made this known during a meeting with the House of Representatives Committee on Finance in Abuja on Tuesday, November 3, 2020.
Ahmed said that a request has been sent to the National Assembly to approve the loan from the Brazilian government.
She said the loan will be used to address issues in agriculture, adding that 100,000 hectares of land will be acquired in each state for food production.
“I request for the approval for loan for the Green Imperative Programme which is for loan of $1.2bn from the Brazilian government.
Source: Daily Post
