NewStats: 3,263,727 , 8,181,170 topics. Date: Saturday, 07 June 2025 at 03:03 PM f5v1w

The Federal Government has deepened its engagement with the Japan International Cooperation Agency (JICA) to advance the implementation of a ¥15 billion (approximately $110 million) emergency loan facility aimed at strengthening Nigeria’s food security.

This was disclosed in a statement by the Federal Ministry of Finance and Coordinating Ministry of the Economy on Wednesday following a strategic meeting involving the Minister of Finance, Mr. Wale Edun, the Honourable Minister of Agriculture and Food Security, Senator Abubakar Kyari, and senior JICA officials.

According to the ministry, “The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Honourable Minister of Agriculture and Food Security, Senator Abubakar Kyari, today met with senior representatives of the Japan International Cooperation Agency (JICA) to advance the implementation of the Food Security Emergency Loan Programme.”

"A Loan for Boosting Food Production and Resilience."
The loan, targeted at enhancing food production systems and increasing resilience across Nigeria, comes at a time when global supply chain disruptions and inflationary pressures continue to strain the nation’s agricultural sector.

“The JPY 15 billion facility (approximately $110 million) aims to Nigeria’s food production systems and enhance resilience amid ongoing global supply challenges,” the ministry stated.

With the 2025 rainy season already underway, the ministers stressed the urgency of executing core components of the programme to ensure timely for farmers and rural communities.

“Both Ministers emphasised the importance of swift, coordinated action to maximise impact for farmers and rural communities,” the statement read.

"JICA Seeks Formal Clarification."
JICA, in its response, reaffirmed its commitment to the partnership but requested formal clarification on proposed implementation changes.

It was agreed that immediate production activities would continue as planned, while other components, such as aggregation and financing, would be reviewed against the of the original agreement.

“JICA welcomed the government’s commitment to delivery and requested formal clarification on proposed implementation adjustments. It was tly agreed that core production activities would proceed immediately under the existing framework, while additional components, such as aggregation and financing, would be reviewed in line with the original loan agreement,” the ministry added.

The programme forms part of Nigeria’s broader strategy to address food insecurity, improve agricultural productivity, and stabilise the economy through sustainable partnerships.

President Bola Tinubu has written to the Senate seeking approval for a fresh external borrowing plan totalling about $21.5 billion under Nigeria’s 2025–2026 borrowing programme.

In addition to the multi-billion-dollar request, the President is also seeking the legislature’s approval for a loan of 15 billion Japanese Yen and a €51 million grant to key development priorities.

According to the letter submitted to the National Assembly, Tinubu explained that the new facilities are intended to generate employment, promote skill acquisition, foster entrepreneurship, reduce poverty, and enhance food security. The president’s loan request comes at a time of rising concerns over Nigeria’s growing debt profile.

Most recent figures from Debt Management Office (DMO) show that as of December 2024, Nigeria owes the Japan International Cooperation Agency (JICA) $53.31 million, representing 0.88% of Nigeria’s total bilateral debt and 0.12% of the country’s overall external debt stock. If approved, the new food security loan will likely push Nigeria’s debt to Japan to $163.31 million.

https://nairametrics.com/2025/06/05/fg-engages-japan-for-110-million-food-security-loan/#google_vignette

Beggi beggi. Japan loun loun

There they go again with another borrowing spree. Meanwhile, Wale Edun seems to be confused with borrowing as far as his principal government is concerned.

The news is to Totori agbado munching nitwits, and nothing else. Believe this useless propaganda government at your own risk. This was how they lied about Refinery and Nigerian Air. By the time you all realize these useless government is lying, it's already 8 years. Then they'll bring up another idiot who'll be claiming he wants to clean thiefnubuu's mess.

Just watch as some ronu wailing bastards will start quoting me.

Can't we just maximize all these God given yet uncultivated enormous land to solve our food problems?

Another Loan

Soon they will take loan from Ghana

....According to the letter submitted to the National Assembly, Tinubu explained that the new facilities are intended to generate employment, promote skill acquisition, foster entrepreneurship, reduce poverty, and enhance food security......

Borrowing to mortgage Nigeria into more debts while lying shamelessly. Even JICA is seeking clarification for this borrowing. Terrible people in government.

Racoon:


https://nairametrics.com/2025/06/05/fg-engages-japan-for-110-million-food-security-loan/#google_vignette

Loan for food security?

Why una no ask Bill Gates when e come....

Always borrowing. Never lending. Shame

Give it to them wotowoto, we must deceive Nigerians by fire by force mode activated by the Bulabo propaganda government



Another Bulabo from the master strategist.



everything about Tinubu and his APC regime is lies lies, deceit and propaganda.


Where is CNG policy as alternative to petrol? Failed and forgotten


Where is State Police? Dumped somewhere because Tinubu is scared that Governors will use it against his failed 2027 reelection daydream.



Where is credit scheme policy? Forgotten like others?

Where is Forest Guards?


Where is Ministry of Cow abi Cattle?


Tinubu thinks running a country is by waking up from sleep to make announcement and go back to sleep


He said subsidy is gone but he is still paying some petrol subsidy through the backdoor.


Believe Tinubu and his bulaba policies at your own peril

Loan loan loan

Babiala Nigeria

Ordinary food availability Africa/Nigeria has to run to Japan for loans?

The only thing that caught my attention was the request for a $21.5 Billion loan 😲😲😲🙆🏿‍♂️🙆🏿‍♂️🙆🏿‍♂️

As if we don't know why food production plummeted in Nigeria over the past few years.

NewHe:

Loan for food security?

e shock you?

Successsearch90:
Loan loan loan

how many times did I call you?

FG behaving like Almajiri

Nah only hears we take hears no implementation

Is like this man has longer throat for money actually, once he heard a country is rich the next thing he'd do is to ask them for loan nawaoo

lexy2014:


how many times did I call you?

Lol

Racoon:


https://nairametrics.com/2025/06/05/fg-engages-japan-for-110-million-food-security-loan/#google_vignette

we are going to borrow from every country; they should come and borrow from me too.

...another one 😎😎😎
Useless govt of beg,borrow, and STEAL 👎👎👎👎

Nothing wrong with loans but these people hate to use it for intended purposes.

To sustain their extravagant lifestyles in govt...

Only African governments borrow from other fellow governments.

Dubai's oil money go to develope their land and people our own go to private pocket

Sermwell:
The news is to Totori agbado munching nitwits, and nothing else. Believe this useless propaganda government at your own risk. This was how they lied about Refinery and Nigerian Air. By the time you all realize these useless government is lying, it's already 8 years. Then they'll bring up another idiot who'll be claiming he wants to clean thiefnubuu's mess.

Just watch as some ronu wailing bastards will start quoting me.

.......And the borrowed money has developed legs and ran off!

I always laugh at how they use big-big grammar when trying to impress potential creditors and 'justify' why the loan is required and how it would be 'judiciously and transparently' deployed!