Reps launch investigation into non-release of N174.3bn agric funds

The Home of Representatives has concluded plans to start investigation into the alleged non-release of N174.26 billion in agricultural intervention funds, because the panel in cost urged Ministries, Departments and Businesses (MDAs), and growth companions to totally cooperate with it.

The Committee on Agricultural Production and Companies headed by Hon. Bello Ka’oje, in a press release,  Sunday, known as on all related authorities companies and stakeholders to supply vital paperwork and assist to make sure an intensive and clear investigation.

The panel, by a decision in late January obtained the mandate of the Home of Representatives to research growth partner-funded agricultural tasks, notably these supported by the African Improvement {Bank} and the Japan Worldwide Cooperation Company, to make sure accountability and considered use of funds.

Citing a number of of the affected interventions, Ka’oje expressed severe concern that the funds are time-bound and that delayed launch has already prompted farmers to overlook planting seasons, resulting in diminished output within the 2025 harvest, and posing important dangers to the 2026 farming season.

He additionally cautioned that about $200 million in AfDB funding underneath a Consequence-Primarily based Financing association is also jeopardised on account of non-implementation of earlier interventions.

“The seriousness of those points requires agency dedication to make sure the implementation of all interventions with the intention to rescue the nation’s agricultural sector and assure meals safety,” he mentioned.