A double-digit investment in the agricultural sector is needed to transform agriculture, Dr. Sanginga says
A double-digit investment in the agricultural backed by a vibrant rural infrastructural network will help states in Nigeria to accelerate the transformation of agriculture, says Dr. Nteranya Sanginga, Director General of the International Institute of Tropical Agriculture (IITA).
“No matter our good intentions, we cannot see a transformation in agriculture if we continue to invest less than 10 percent of our budget on agriculture,” Dr Sanginga said during a courtesy visit to the Governor of Oyo State, Engr. Seyi Makinde on Thursday in Ibadan.
In 2003, African heads of state in Maputo made a commitment to invest at least 10 percent of their annual budgets in agriculture. However, 16 years after the declaration, only a few countries have implemented that declaration.
