FG Allocates N2.3 Trillion to Agriculture and Technology in 2026 Budget
The federal government has earmarked a total of N2.3 trillion for the Ministries of Agriculture and Food Security and Science, Technology and Innovation in its 2026 budget. The allocation, though considered modest by analysts, is aimed at strengthening Nigeria’s food supply while advancing its technological capabilities. Observers say the plan seeks to combine immediate agricultural needs with long-term research and innovation.
The Ministry of Agriculture leads with N1.45 trillion, including N1.3 trillion for capital projects, N136.3 billion for personnel, and N11.3 billion for overhead costs. At ministry headquarters, N282 billion is set aside, mostly for infrastructure and development programs. Key initiatives include the Renewed Hope Fertilizer Support Programme with N89.1 billion to improve crop yields, the Special Agro-Industrial Processing Zones with N126 billion to boost industrialization, and the Value Chain Development Project with N37.5 billion to enhance farm-to-market efficiency.
The National Agricultural Land Development Authority (NALDA) is allocated N25 billion for land clearance and modern farm establishment, while the Federal College of Agriculture, Ishiagu, receives N44.2 billion for infrastructure and research. Additionally, the National Agricultural Development Fund will provide N94.6 billion in support to farmers and agribusinesses, ensuring that both production and processing benefit from government investment.
On the technology front, the Ministry of Science, Technology and Innovation is set to receive N838.7 billion, primarily for capital expenditure. Research-focused agencies receive the bulk of this funding, including the Nigerian Building and Road Research Institute (N294.7 billion), the Energy Commission of Nigeria (N257.8 billion), the National Space Research and Development Agency (N56.2 billion), and the Sheda Science and Technology Complex (N46.9 billion). These allocations target energy, infrastructure, space, and scientific research to complement the agricultural investments.
Experts highlight that the 2026 budget strategically links agriculture and science, pairing “seeds and soil” with “tools and blueprints.” By investing in fertilizers, land, processing zones, and research, the government aims to create jobs, increase productivity, and position Nigeria as a competitive player in the global knowledge economy. If executed effectively, the plan could transform both the economy and everyday lives, showcasing the power of combining innovation with sustainable farming.
source: The Sun