The Federal Government is gearing up to launch the National Agribusiness Policy Mechanism (NAPM)—a bold move aimed at boosting agricultural productivity, curbing food inflation, and stimulating economic growth.
This new initiative will support small and medium-sized enterprises (SMEs) in the agribusiness space through data-driven policies and closer collaboration between public and private sectors.
Vice President Kashim Shettima, speaking at a high-level meeting of the Presidential Food Systems Coordinating Unit (PFSCU) in Abuja, highlighted the importance of aligning agricultural initiatives across federal and state levels using real-time data analytics.
"We've had several interventions before, but this time, states will drive the process," Shettima stated. A key component of this strategy is the Green Imperative Project (GIP)—a $1.1 billion agreement between Nigeria and Brazil signed in March 2025.
It aims to modernize 774 medium-sized farms across the country using advanced Brazilian technologies, creating jobs and scaling up production.
To cushion the impact of seasonal flooding, President Bola Tinubu has also approved ₦15 billion for the National Emergency Management Agency (NEMA) to prepare ahead of the rainy season.
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According to Marion Moon, Technical Assistant to the President on Agriculture and Executive Secretary of the PFSCU, the pilot phase of NAPM has already been completed across 13 states, with a full rollout expected in June 2025. She noted that the policy would tackle inefficiencies in subsidy programs and promote sustainable rural development.
NAPM is designed to provide a unified framework that supports farmers and agri-focused SMEs, using digital platforms and data partnerships to enhance yields and reduce operational gaps in the food value chain.
With support from state governments, industry players, and international partners, the NAPM stands as a promising step toward building a resilient, tech-enabled, and SME-friendly agricultural economy.
