Abuja: The Federal Government of Nigeria has announced that the country currently produces about 1.35 million metric tonnes of soybeans annually, which is only half of the nation's domestic demand. This was disclosed by the Minister of Agriculture and Food Security, Sen. Abubakar Kyari, during the unveiling of the National Soybean Production and Expansion Policy and Strategy.
According to News Agency of Nigeria, the new policy aims to achieve an annual industry revenue of N3.9 trillion and create one million farm and off-farm jobs across 22 states and the Federal Capital Territory. The initiative is part of President Bola Tinubu's Renewed Hope Agenda, which prioritizes agriculture as a key driver of economic transformation. Minister Kyari highlighted the current production gap, stating that Nigeria's demand for soybeans exceeds 2.7 million metric tonnes, presenting both challenges and opportunities for increased production and job creation.
Kyari emphasized the nutritional benefits of soybeans, noting its high-quality protein content and essential amino acids, which are vital for combating malnutrition. He also pointed out Nigeria's competitive edge in the global market due to its naturally non-GMO soybeans, which are sought after in Europe and Asia. By increasing local production, Kyari believes Nigeria can reduce reliance on imported feed and bolster its poultry and aquaculture industries.
The minister also launched the Nigerian Soybean Partnership, which aims to bring together federal and state governments, private sector stakeholders, and farmer cooperatives to implement the policy effectively. Gov. Hyacinth Alia of Benue State also remarked on the initiative, calling it 'historic' and transformative for the nation's agricultural sector. He announced that Benue's Soybean Seed Multiplication and Distribution Programme is set to benefit over 200,000 farmers within three years, enhancing yields significantly.