Vice President Kashim Shettima unveiled the $500 million Niger Delta Agricultural Investment Fund on Wednesday in Abuja.
Mr Shettima unveiled the fund during the Niger Delta Agricultural Development and Investment Summit jointly convened by the Office of the Vice President and the Niger Delta Development Commission (NDDC).
The vice president described the fund as a laudable development for a nation whose foundation was built on an agrarian economy and whose soil paid its bills before the discovery of oil.
According to him, Nigeria cannot afford to take the promise of an agricultural boom for granted.
The vice president noted that while nations survive on many resources, they endure because they can feed themselves.
