By Oladipupo Mojeed
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, says foreign exchange from agriculture and solid minerals can service the country’s debt and loan profile.
Ogbeh made the assertion on the sideline of the National Agribusiness Youth Training Programme funded by the Federal Government and the African Development Bank (AfDB) in Abuja on Tuesday.
According to the minister, most funds for the training of youths in agriculture were borrowed from the World Bank and the African Development Bank (AfDB).
He said the Federal Government was designing a strategy through agriculture to enable the country earn enough foreign exchange to service its debt in due course.
Ogbeh also disclosed that the Federal Government would soon launch a National Plantation Programme to encourage individuals to farm the smallest part of their unused land to invent their future.
“All these monies for trainings on youth agriculture are borrowed. We borrowed from the AfDB and World Bank and if you take a loan, you must think of when and how to pay.
“Some of these loans will be due in 35 to 40 years. Time flies and the question is, how do we pay.
“We are not likely to sell oil for 100 dollars a barrel ever again and even if we do, we are not usually careful,” he said.