According to Senator Abdullahi, the project will empower small-scale farmers and promote economic growth in the nation.
While the $4.3 billion phase 2 of the project and the $2.5 billion JBS were inked in Brazil during President Bola Tinubu’s visit there last year, the Memorandum of Understanding for the $1.1 billion GIP phase 1 was signed in 2018.
He made this statement on Monday at the Presidential Villa in Abuja, where the commercial phase of the GIP 1 was signed.
According to the Minister, the $1.1 billion Green Imperative Project (GIP) commercial phase is a revolutionary endeavor that would improve our food security and reshape Nigeria’s agricultural landscape.
This significant accomplishment, which follows six years of cooperation with Brazil, is in line with President Bola Ahmed Tinubu’s Asiwaju Bola Ahmed Tinubu vision to transform agriculture and unleash the private sector’s full potential.
“The GIP, the biggest agricultural program, will strengthen food production, empower small-scale farmers, and incorporate them into dynamic value chains, all of which will promote sustainable economic growth.”
“This is a daring move ahead, even though we started seven years behind schedule. We are dedicated to advancing development, luring investment, and guaranteeing a prosperous future for Nigeria’s agriculture industry, as 2025 is set to be a historic year for food security,” he stated.