President Muhammadu Buhari has approved N24 billion for the execution of a smart modular irrigation project.
Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Professor Mohammed Sani Haruna, announced this on Friday after a meeting with Buhari at the Presidential Villa, Abuja.
Professor Haruna, who said he was at the Villa to show the financial details of the agency’s operation to the President, stated that the modular irrigation project whose fund was approved last week would enhance agricultural development in the country by enabling farmers to produce crops three times round the year.
He said the President, who is the Executive Chairman of the agency, needed to be updated on the way the project was being run.
The NASENI boss said the President’s request to know the state of the accounts was not because there had been any suspicious activity.
Haruna, while explaining what the new funding approval was all about, said, “it is for the modular irrigation system. We have acquired a 10 hectare farmland on lease in Adamawa State, using water from River Benue, where this pilot scheme is starting and it is estimated that, based on the technologies to be used there, it is possible to have three multi-crop season in a year, commencing from October this year, God willing.
“The monies are for the pumps, the structure, the farming techniques, the farmers, the officers, the offices that are needed, the vehicles, and the administrative management, up to the period that we will have this demonstration farm, using modular irrigation system first model. First model in the sense that this one we’re drawing water from River Benue, of course solar powered.”
While speaking on the funding of the agency, he said the statutory 1 per cent of the Federation Account meant to be drawn for its running is dedicated to execution of some priority projects that had been approved by government.
He said, “The application of these funds is in some priority projects approved by government. The capital components include payment of 15% of the local counterpart funding for three key projects in the Power sector; the development and production of solar cells locally; development and production of electric power transformers and the third one is high voltage testing laboratory.
“Now, these are projects with 85% funding support from China, which is part of what is approved and being implemented in the 2021/2022 Borrowing Plan. That is number one and in that, out of the $48,879,103, representing 15% of what Nigeria is paying as the 15% counterpart funding based on the money remitted to NASENI in the first and third quarters. $23,928,063 had been remitted in these two quarters.
“The other areas of application of this fund include the development and domestications of technologies NASENI has acquire from a partnering organization in Italy, de Lorenzo, in the production of technical science laboratory equipment for primary school, secondary school and tertiary institutions.
“The third component is the development of skills development centers in six geopolitical zones. For now, one each per zone. The fourth component of application of this fund is in the development of three out of 12 new centers approved by the President for different states of the federation and of course, continue research and development, reverse engineering and assembly of some military equipment in collaboration with two different private companies, that is Nigeria Machine Tools Limited, Oshogbo and PROFORCE, manufacturer of some military hardware, based in Ogun State, and of course, completion of the remodeled NASENI headquarters.
“These are priority areas where these funds have been applied. The briefings also included the newly developed equipment and machines that are needed to have mechanized farming. This simple, but needed equipment include equipment for cultivation, for planting, for weeding, for processing, harvesting, up to food preservation.”