Nigeria’s livestock sector has the potential to add N33tn worth of investments to the country’s economy, the Federal Government has said.
Minister of Agriculture and Rural Development, Sabo Nanono, who said this to the media in Abuja on Saturday evening, stated that the Federal Government was working hard to ensure the release of this huge investment into the economy.
He said, “Just this week in Kano, I inaugurated the pilot scheme of the National Livestock Breed Improvement Initiative aimed at increasing the diary potential of our indigenous dairy cows and meat yield of our national herd.
The livestock sector has a huge economic potential netting N33tn which should be explored and harnessed.”
He said the goal of the Federal Ministry of Agriculture and Rural Development was to facilitate economic diversification from an oil based economy to an agro based economy.
We’ve inaugurated a compact and viable livestock subsector capable of sustaining the supply of beef and dairy demands of the nation for consumption, processing industry and export.”
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