Nigeria borrows 5,000MT of grains from ECOWAS – Minister

Business News

 

“The government of the Federal Republic of Nigeria loaned 5,000MT of assorted grains from ECOWAS stock which was agreed to be paid back on grain for grain basis.”

Nigeria’s Minister of State for Agriculture and Rural Development, Mustapha Baba-Shehuri, disclosed this when he received the 3,999 tonnes of cereals on behalf of the Federal Government at the Hotoro Grain Depot, in Kano State, on Sunday.

Baba-Shehuri explained that to address the incessant worrying food crisis in the West African sub-region, especially in the Sahel, the heads of government of ECOWAS member states decided to establish a Regional Food Security Reserve Programme.

He said this necessitated the signing of a contract agreement between ECOWAS and the ministry’s Department of Food and Strategic Reserve on July 7, 2017.

“Modalities had been put in place to replace the ECOWAS stock before the advent of COVID-19 pandemic. That notwithstanding, I can assure you that the stock will be replaced in due course,” he said.

On the donation by ECOWAS, the minister said it would be used to support the most vulnerable populations to help mitigate the effect of the COVID-19 pandemic in Nigeria.

 

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