Business & Finance

President Buhari Turns Back, Revives Jonathan’s Agric Policy

Buhari - Jonathan

President Muhammadu Buhari led- federal government on Wednesday said it had revived the e-wallet system for fertiliser allocation and distribution, which was initiated by former president Goodluck Jonathan, a year after suspending it.

The Minister of Agriculture, Audu Ogbeh, made the announcement after the weekly Federal Executive Council meeting, saying the policy would however be modified to address the challenges that made it unsustainable,

The restart tof the e-wallet fertilizer scheme represented another economic policy reversal by the Buhari administration, which had earlier dumped the initiative.

The e-wallet system was part of the Growth Enhancement Support scheme introduced by former Goodluck Jonathan administration to address the menace of middlemen in the fertiliser supply chain, which experts identified as a challenge for farmers at the time.

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The policy, seen as one of the few successes of the administration, ensured the registration of about 4.2 million farmers within its first year. More than 10 million were said to have been registered at the height of its implementation.

Akin Adesina, who served as Minister of Agriculture between 2010 and 2015, when the scheme was initiated, said its success contributed to his elevation to the African Development Bank where he is now the president.

The policy was however suspended by the Buhari government in 2015.

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