Nigeria enters export agreement with Saudi Arabia for red beef, soya beans
To boost Nigeria‘s foreign exchange earnings, the Minister of Agriculture Senator Abubakar Kyari has informed on ongoing trade agreements with Saudi Arabia to include the annual export of 200,000 metric tons of red meat and one million tons of soya beans.
He spoke with journalists at the State House, Abuja at the end of the 142nd National Economic Council (NEC) meeting, adding that the Federal Government and some Nigerian entrepreneurs that will be involved in the export agreement had already sorted out modalities.
Kyari, who was joined at the briefing by Governors Hope Uzodimma (Imo); Usman Ododo(Kogi) and Abba Yusuf (Kano) as well as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, also told journalists about the four agriculture mechanisation programmes approved by the Federal Government.
The package also includes ten 150 horsepower combined harvesters, with delivery expected to commence within the next 60 days.
The Minister further provided updates on the federal government’s food security interventions, disclosing that the distribution of 42,000 metric tons of grains as well as 20 trailers of rice per state, across the federation, by the federal government had been concluded, adding that more than 1,500,000 bags of fertilizer have also been released.
