The Federal Capital Territory Administration, FCTA has commenced the sales of buffer stock at 50 percent subsidized rate to residents of the territory.
Minister of State for FCT, Dr Ramatu Aliyu who performed the official flag off of the public sales of subsidized buffer stock grains and distribution of motorcycles to agriculture extension agents, said the stock comprised 7,200 bags of maize and 2,500 bags of guinea corn of 50kg bags each .
Dr Aliyu also hinted that a number of local and multinational companies are in the process of finalising investment commitments in various agricultural value chains within the FCT, as part of efforts to create more jobs for residents.
“We are presently engaged in the process of fine-tuning discussions with the African Development Bank (AfDB), towards the smooth take-off of the Special Agro-Industrial Processing Zones (SAPZ) as well as the National Livestock Transformation Plan (NLTP).”
Aliyu, also maintained that the decisions of multinational companies and Africa Development Bank to invest in FCT would help boost productivity.
The minister used the occasion to commend President, Muhammadu Buhari, for his foresight in giving administrative backing towards strengthening local capacities in food production.
“It is in heeding to this clarion call that the FCT Administration has been making efforts to open-up the Agricultural landscape and attract suitable investment, and I make bold to say that our efforts are beginning to yield the desired results.”
Similarly, Dr.Aliyu, also flagged off the harvest and sales of products by beneficiaries at FCT Aquaculture and Allied Trades center for youth and women in Kwali area council.
According to Dr Aliyu, the concept of the projects by the FCT Administration was aimed at addressing problems of poverty by creating viable source of livelihood for the less privileged members of the society.
“This is in addition to a number of local and multi-national companies that are in the process of finalising investment commitments in various agricultural value chains within the FCT”.
Earlier, the Acting Secretary, Agriculture and Rural Development Secretariat, Mr. Ibe Prospect, who said the buffer stock programme was an initiative practiced globally; assured residents of the administration’s commitment to quality service delivery.