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Digital Economy: NITDA Adopts 130 Farmers, Disburses Funds To Beneficiaries

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By Abdul Alli, Abuja

In its move to digitise Agricultural Sector, the National Information Technology Agency (NITDA), under the supervision of Federal Ministry of Communications and Digital Economy, has adopted 130 farmers in the National Adopted Village for Smart Agriculture (NAVSA) to provide Nigerian farmers with means to showcase their produce in the world market. This is contained in a press statement made available to Time Nigeria in Abuja.

According to the statement, “The project, piloted in Jigawa State, was initiated to systematically adopt farmers across the 774 Local Governments in the country in order to support and equip them with necessary skills that will make Nigeria one of the leading nations in digital farming.

“One hundred and thirty thousand (130) beneficiaries drawn from 27 Local Governments of Jigawa state were trained and also provided with Smart Devices, Internet Connectivity, Seed Fund worth 100,00 (One hundred thousand naira), and Certified Seed during the official closing ceremony of the event that was held both physically and virtually.”

It further stated that, “The Executive Governor of Jigawa State, His Excellency, Mohammed Badaru Abubakar who attended the ceremony virtually as Host, appreciated the vision of the Minister for bringing the project to the state and promised to ensure its sustainability.

“He also cautioned the beneficiaries against misuse of the materials and knowledge impacted on them. He maintained that the state in the last few years has produced a lot of millionaires through rice farming precisely.

“He said, “Jigawa State will remain grateful for being a chosen location to pilot this project that will alleviate poverty and as well make the farmers independent in their lives.” He thanked the Ministry of Communications and Digital Economy, NITDA, and other partners for finding his state worthy to kick-start the laudable project.”

It added that, “In his capacity as Keynote Speaker, the Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami said, there is need to come up with innovative ideas that will promote smart agriculture in Nigeria as a means of diversifying the nation’s economy. Highlighting that Nigeria is blessed with a large fertile landmass.

“The Minister noted that the National Adopted Village for Smart Agriculture (NAVSA) is part of the main policy of the National Digital Economy policy and strategy for a Digital Nigeria launched and unveiled by His Excellency, President Muhammadu Buhari, GCFR.

“He added that the best way to improve the output in the agricultural sector in Nigeria is through the deployment of emerging technologies.” The statement concludes.

While delivering his welcome address, Director General of NITDA, Kashifu Inuwa Abdullahi, CCIE, said that the goal of NAVSA is to build digital capabilities and innovations across agriculture value chains aimed to create massive jobs and improve the income and wealth of every ecosystem player. According to him, currently in Nigeria, agriculture hires about 70% of the workforce.

He said NITDA, together with Ministry of Communications and Digital Economy, conceived the idea of introducing digital platform for farmers, in order to carry them along in Digital Economy journey spearheaded by Honourable Minister, Dr Isa Ali Ibrahim (Pantami).

Abdullahi stated that, NAVSA is designed to take small scale farmers to commercial level using a performance-based approach. The project targets graduates (between the age of 20 to 35 years) with prerequisite knowledge to participate in AgricTech project.

“There is need for farmers to join this journey towards realisation of Dr Pantami’s dream to digitise Nigeria, and this is in line with President Muhammadu Buhari’s promise to lift 100 million Nigerians out of poverty in the next few years. We believe this can only be achieved through innovations, which technology plays a vital role in terms of jobs and wealth creation,” he said.

He added that, NAVSA will enhance digital agriculture strategy, and support Federal Government policy by taking advantage of the growing youth population which constitutes over 50 per cent of the estimated 200 million population; farmers owned an estimated 82 million hectares of arable land, of which according to a research, only 42 per cent is being productively utilised. There are about 126 Million active internet users, 72 Million broadband subscription and 37.8% broadband penetration with 70% target by 2025.

Many dignitaries attended the event virtually in line with the guidelines on Covid-19 by the Presidential Task Force (PTF) and Nigeria Centre for Disease Control (NCDC) to ensure agricultural activities are not badly affected as directed by the President.

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
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The Missing Middle of Infrastructure Finance: Why Capital Still Fails to Become Infrastructure

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This is not a story about a reluctant investor. It is a story about capital that wants to move, cannot find enough places willing and able to receive it in a form it can underwrite, and quietly waits instead. Multiply that fund by the hundreds of pension schemes, sovereign wealth vehicles, commercial banks and infrastructure funds now carrying dedicated allocations for emerging-market infrastructure, and a pattern emerges that rarely makes it into a headline: the world is not short of capital for infrastructure. It has capital in historic abundance, sitting adjacent to a historic infrastructure gap, unable to cross the distance between the two. The Comfortable Explanation  The explanation on offer at every major infrastructure summit is a familiar one. Global infrastructure investment needs run into the tens of trillions of dollars over the coming decade; committed capital falls well short; therefore, the problem is one of insufficient funding, and the solution is more of it: more pledges, more blended-finance facilities, more climate funds, more multilateral capital increases. It is a comfortable explanation because it assigns responsibility clearly to governments who under-fund, institutions who under-commit, and it offers a clean remedy: raise more. It is also, on close inspection, not what the evidence shows. Pension funds globally hold trillions in assets under management with explicit infrastructure allocations that remain structurally underweight, not because trustees have rejected the asset class but because deal flow meeting their risk and governance thresholds has not materialised at the pace their mandates assume. Sovereign wealth funds report the same pattern. Commercial banks with dedicated project finance desks describe pipelines that look full at the term-sheet stage and thin dramatically by financial close. Development finance institutions, whose entire purpose is to absorb risk that commercial capital will not, routinely report that their binding constraint is not capital adequacy but the volume of bankable transactions their teams can originate and structure in a given year. None of this fits the scarcity narrative. All of it fits a different one. Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. 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