RECESSION, PRESIDENT BUHARI RECIEVES JONATHAN's AGRIC MINISTER, AKINWUNMI ADESHINA. - mymp3plus

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RECESSION, PRESIDENT BUHARI RECIEVES JONATHAN's AGRIC MINISTER, AKINWUNMI ADESHINA.


The Buhari administration on
Wednesday said it had revived the e-
wallet system for fertiliser allocation
and distribution, a year after
suspending it.
The Minister of Agriculture, Audu
Ogbeh, made the announcement
after the weekly Federal Executive
Council meeting, saying the policy
would however be modified to
address the challenges that made it
unsustainable.
At the meeting, which held as the
National Bureau of Statistics
confirmed the nation was in
recession, the government also
approved a borrowing plan and
solid minerals initiatives to stimulate
the economy.
But the decision to restart the e-
wallet fertilizer scheme represented
another economic policy reversal by
the Buhari administration, which
had earlier dumped the initiative.
The e-wallet system was part of the
Growth Enhancement Support
scheme introduced by former
Goodluck Jonathan administration to
address the menace of middlemen in
the fertiliser supply chain, which
experts identified as a challenge for
farmers at the time.
The policy, seen as one of the few
successes of the administration,
ensured the registration of about 4.2
million farmers within its first year.
More than 10 million were said to
have been registered at the height of
its implementation.
Akin Adesina, who served as
Minister of Agriculture between
2010 and 2015, when the scheme
was initiated, said its success
contributed to his elevation to the
African Development Bank where he
is now the president.
The policy was however suspended
by the Buhari government in 2015.
The Buhari administration on
Wednesday said it had revived the e-
wallet system for fertiliser allocation
and distribution, a year after
suspending it.
The Minister of Agriculture, Audu
Ogbeh, made the announcement
after the weekly Federal Executive
Council meeting, saying the policy
would however be modified to
address the challenges that made it
unsustainable.
At the meeting, which held as the
National Bureau of Statistics
confirmed the nation was in
recession, the government also
approved a borrowing plan and
solid minerals initiatives to stimulate
the economy.
But the decision to restart the e-
wallet fertilizer scheme represented
another economic policy reversal by
the Buhari administration, which
had earlier dumped the initiative.
The e-wallet system was part of the
Growth Enhancement Support
scheme introduced by former
Goodluck Jonathan administration to
address the menace of middlemen in
the fertiliser supply chain, which
experts identified as a challenge for
farmers at the time.
The policy, seen as one of the few
successes of the administration,
ensured the registration of about 4.2
million farmers within its first year.
More than 10 million were said to
have been registered at the height of
its implementation.
Akin Adesina, who served as
Minister of Agriculture between
2010 and 2015, when the scheme
was initiated, said its success
contributed to his elevation to the
African Development Bank where he
is now the president.
The policy was however suspended
by the Buhari government in 2015.

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