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China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
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The Vice President, Yemi Osinbajo, on Thursday, said that the revitalisation of fertiliser blending plants had saved the country over $200 million annually in foreign exchange.
Mr Osinbajo stated this in Abeokuta while delivering his keynote address at the 17th Joint Planning Board and National Council on Development Panning.
The occasion was organised by the Federal Ministry of Budget and National Planning in conjunction with Ogun government while the Minister for Budget and National Planning, Udo Udoma represented Mr Osinbajo.
The programme has as theme: ” Accelerating the Implementation of the Economic Recovery and Growth Plan (ERGP): The Role of Stakeholders. ”Mr Osinbajo noted that the present administration, headed by President Muhammadu Buhari, was proud of the successes recorded in the agricultural sector.
He explained that the development had made it possible for the purchase of fertiliser at prices up to 30 per cent cheaper than previously available, adding that the country was also importing less rice, today, than it did few years ago.
The vice president said that the ERGP was different from other plans introduced by previous administrations, because it contained clearly defined objectives, priorities and targets.
“Indeed, I am glad to note the partnerships that some states like Kebbi and Lagos have entered into in a bid to support the agricultural development and food security objective of the Economic Recovery Growth Plan (ERGP).
“I am aware that the National Committee on Export Promotion is implementing a plan to enhance export promotion and economic diversification in line with the Zero Oil Plan (ZOP) initiative.
