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The Ministry, formerly known as the Federal Ministry of Agriculture and Rural Development (FMARD), was established in 1966. [4] The Ministry is responsible for the formulation and implementation of policies to provide food for a growing population, supply raw materials for industry, expand markets for agricultural products, create jobs, and diversify the economy.
BOA's history can be traced to the establishment of Nigerian Agriculture Bank (NAB) in 1972 which became operational in 1973. [3] NAB was a government initiative to fund agriculture development projects in the country, in particular small-scale farm holders that may not have enough collateral to obtain credit facilities from commercial banks. [4]
The Federal Ministry of Agriculture and Rural Development is a Ministry of the Federal Government of Nigeria that has the mandate to ensure food security in crop, livestock and fisheries, stimulate agricultural employment and services, promote the production and supply of raw materials to Agro-allied industries, provide markets for the products of the industrial sector, generate foreign ...
Nigerian Electricity Regulatory Commission (NERC) Nigerian Content Monitoring and Development Board (NCMDB) Nigerian National Petroleum Corporation (NNPC) Nigerian Nuclear Regulatory Authority (NNRA) Petroleum Product Pricing Regulatory Agency (PPPRA) Power Holding Company of Nigeria (PHCN) - defunct [1] Rural Electrification Agency (REA)
He chairs the Boards of both the African Development Bank and the African Development Fund. Dr. Adesina served as Nigeria's Minister of Agriculture and Rural Development from 2011 to 2015. Member governments are officially represented at the AfDB by their Minister of Finance, Planning or Cooperation who sits on the AfDB Board of Governors.
The Agricultural Research Council of Nigeria (ARCN) is a Nigerian government agency coordinating and monitoring agricultural research to increase agricultural productivity for economic development. [ 1 ] [ 2 ] The agency also trains farmers, [ 3 ] for instance through television and radio programs.
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialised agency of the United Nations that works to address poverty and hunger in rural areas of developing countries. It is the only multilateral development organization that focuses solely on rural economies and food security. [2]
The National Sugar Development Council (NSDC) is a government agency operating under the Federal Ministry of Industry, Trade, and Investment in Nigeria. [1] It was established by Decree 88 of 1993, now an Act of the National Assembly, Act Cap. No. 78 LFN of 2004, Amended in 2015, to oversee and facilitate the development of the sugar industry, aiming for self-sufficiency in sugar production ...