FMARD Policies

This section contains the Policies and legislation for transformation and also Key policies for success by the Federal Ministry of Agriculture and Rural Development.

The following policies below are highlighted.

Fiscal Policies
Domestic Content for Food (Enabling Legislations)
Industrial Policies
Financial Service Policies
Agricultural Policies

Fiscal Policies

  •     Zero tariffs (custom, excise and value added) for import of agricultural equipment and agro-processing equipment
  •     Tax holidays for investors putting processing plants in staple crop processing zones
  •     Increase tariff on any commodity that Nigeria can produce (rice, starch, sugar, wheat etc.) to promote domestic production and  local content
  •     Current policy on import levy of 5% for brown rice and 30% for polished milled rice, and 5% on raw sugar and 10% on starches should be increased and revenue used to support domestic production
  •     Supportive incentives for investors for blending plants for ethanol

Domestic Content for Food (Enabling Legislations)

  •     10% Cassava Flour substitution for bread wheat flour
  •     Blending 10% ethanol with petrol.

Industrial Policies

Move gradually away from fertilizer consumption subsidies to support for local fertilizer manufacturing leveraging the gas industrialization policy (e.g., Nagajuna 1.4 mil MT plant)
Financial Service Policies

Incentives for access of farmers to weather index insurance
Remove the current monopoly on agricultural insurance by the National Agricultural Insurance Company and liberalize to allow private sector insurance companies

Agricultural Policies

Liberalize foundation seed policy to allow private sector to commercialize seeds
Eliminate government distribution of fertilizers and replace with private sector distribution
Move away from a flat fertilizer price subsidy to targeted support to small holder farmers
Incentives to engage young commercial farmers for farming as a business
Development of Agribusiness Entrepreneurship Centers
Farm skill acquisition centers
Access to land and finance

Create institutions to support the agricultural transformation agenda
Marketing Corporations, to replace marketing boards
Transform the Agricultural Research Council (ARCN) to a National Agricultural Transformation Agency like EMPRAPA that transformed Brazilian agriculture
Guaranteed minimum price for food crops to stabilize prices
Revise the Land Use Act to enable easier access to land for investors
Rapid expansion in irrigation facilities and revamping of existing ones