{"id":18491,"date":"2017-10-24T14:37:40","date_gmt":"2017-10-24T13:37:40","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=18491"},"modified":"2017-10-24T14:48:47","modified_gmt":"2017-10-24T13:48:47","slug":"nigeria-needs-investment-rural-infrastructure-boost-agriculture-adesina","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigeria-needs-investment-rural-infrastructure-boost-agriculture-adesina\/","title":{"rendered":"Nigeria needs more investment in rural infrastructure to boost agriculture \u2013 Adesina"},"content":{"rendered":"<p>The President of African Development Bank, Dr Akinwumi Adesina, says Nigeria needs more investment in rural infrastructure to boost agricultural production in the country.<\/p>\n<p>Adesina on Tuesday in Des Moines, USA said that the country must continue to operate policies that would assist farmers in accessing seeds and fertilisers easily.<\/p>\n<p>\u201cWe must continue to run public policies that get access to seeds and fertilizers for farmer at scale. When I mean scale, I mean at scale of millions and millions of farmers.<\/p>\n<p>\u201cAnd I think the use of the electronic wallet system, which we started when I was minister of agriculture, provides a very good platform to continue to do that because that same technology today is been used in other parts of the world.<\/p>\n<p>\u201cAnd I think it\u2019s important to get access to technology to farmers at scale.<\/p>\n<p>\u201cNigeria needs to invest a lot more in rural infrastructure; rural roads, storage facilities to help farmers. This is very important.\u201d<\/p>\n<p>Adesina described the Nigerian Incentive-Base Risk Sharing System for Agricultural Lending as a game changer.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>The CBN incorporated NIRSAL in 2013 as a dynamic, holistic 500 million dollars public-private initiative, to define measure, price and share agribusiness related credit risk with banks.<\/p>\n<p>According to him, NIRSAL has made the banking industry to see the agricultural sector differently, adding that the amount of bank\u2019s lending to farmers had increased since its advent.<\/p>\n<p>\u201cWe also have to make sure that we are supporting a lot more of research and development of the sector.<\/p>\n<p>\u201cA lot more work needed to be done to support research institutions in Nigeria.<\/p>\n<p>\u201cBut am delighted that Nigerian government is paying attention to agriculture as it should.\u201d<\/p>\n<p>NAN<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The President of African Development Bank, Dr Akinwumi Adesina, says Nigeria needs more investment in rural infrastructure to boost agricultural production in the country. Adesina on Tuesday in Des Moines, USA said that the country must continue to operate policies that would assist farmers in accessing seeds and fertilisers easily. \u201cWe must continue to run &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":15216,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[683,3036,2892],"coauthors":[2391],"class_list":["post-18491","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-agriculture","tag-akinwumi-adesina","tag-infrastructure"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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