Minister of Agriculture and Rural Development, Sabo Nanono disclosed this to the media in Abuja on Saturday evening.

Nanono noted that the Federal Government was working hard to ensure the release of this huge investment into the economy.

“Just this week in Kano, I inaugurated the pilot scheme of the National Livestock Breed Improvement Initiative aimed at increasing the diary potential of our indigenous dairy cows and meat yield of our national herd.

“The livestock sector has a huge economic potential netting N33tn which should be explored and harnessed,” he said.

He said the goal of the Federal Ministry of Agriculture and Rural Development was to facilitate economic diversification from an oil based economy to an agro based economy.

Nanono stated that to achieve this, the FMARD had commenced the implementation of agricultural mechanisation aimed at massive cultivation and output.

He said, “This will ensure that we have more than enough to feed the population and export to neighboring countries. We are also deepening our extension services to grow the agricultural sector and make farming an informed profession.

“We’ve inaugurated a compact and viable livestock subsector capable of sustaining the supply of beef and dairy demands of the nation for consumption, processing industry and export.”