The Federal Government has shown interest in partnering Trans Sahara Consortium’s soya bean and sugar projects’ initiative and has declared that it is a game-changer for Nigeria’s agricultural sector.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun who disclosed this said the projects will involve the cultivation of three million hectares of soybean and the establishment of sugarcane processing plants, targeted at producing millions of tonnes of sugar for domestic consumption and export.
Mr Wale explained that the Trans Sahara Consortium’s initiative is a game-changer for Nigeria’s agricultural sector, adding; “We are committed to supporting innovative projects that drive economic growth, promote food security and empower Nigerian farmers.
The statement noted that the minister said that “This partnership is a significant step towards realising our vision for a prosperous Nigeria. We will work closely with Trans Sahara Consortium Limited to ensure the successful implementation of these projects.”
He expressed the government’s interest to embark on the partnership with Trans Sahara Consortium is a reaffirmation of the present administration’s commitment to transform Nigeria’s agricultural landscape, with the potential to boost food security, reduce trade deficits and empower local farmers.
In his words “This initiative marks a significant milestone in our journey towards a prosperous Nigeria, even as we look forward to witnessing the tangible impact of this collaboration, fostering economic growth and improving the lives of millions of the citizenry,” it added.
According to a statement by the Director, Information and Public Relations, Ministry of Finance, Mohammed Manga, the projects, designed to significantly boost Nigeria’s agro-industry and address the country’s trade deficit, align with President Bola Tinubu’s strategic objectives of enhancing food security and strengthening the agricultural sector.
