The Minister of Finance Zainab Ahmed has said the President Muhammadu Buhari government would build on the legacies of Akinwumi Adesina as a minister.
Adesina who is not the President of the African Development Bank (AfDB) was a former Agricultural and Rural Development Minister under the administration of ex-President Goodluck Jonathan.
Speaking at the Africa Investment Forum on Thursday in Johannesburg, South Africa, Ahmed said Adesina had laid a good foundation in the country’s agricultural sector.
“We are building on the good foundations that Dr. Akin Adesina had laid. He started a fundamental change in the agricultural sector, a lot of very transformative things,” she noted.
“We are looking at agriculture not just for feeding the nation, but as a business that is already contributing significantly to our GDP.
“Today agriculture contributes about 23 percent to the GDP and the potential is huge.”
According to her, “There are more and more people going into agriculture at different levels, but especially at the processing value chain, which is where 70 percent of the value is.
“As a government, we are putting in place policies to support those businesses, to provide financing to them, to support them when they are going to borrow, we have risk sharing schemes.”