….A Major Move Towards Economic Diversification
In a significant move towards reshaping Nigeria’s economy, the Senate on Wednesday advanced the bill proposing the establishment of the Federal University of Agriculture and Tropical Studies in Iragbiji, Osun State. The bill, which passed its second reading, is seen as a vital part of the government’s strategy to diversify the economy, with a sharp focus on revolutionizing the agricultural sector.
Leading the charge in the debate, Senate Leader Sen. Opeyemi Bamidele (APC, Ekiti-Central) emphasized the urgency and importance of creating a specialized institution aimed at driving innovation and development in agriculture. According to Bamidele, this university will not only transform Nigeria’s agricultural landscape but will also play a pivotal role in creating sustainable economic growth by moving away from over-reliance on oil revenues. “This institution is central to our broader efforts at economic diversification and food security,” he remarked.
Senators from various parts of the country lent their voices in support of the bill, with Deputy Senate President Sen. Barau Jibrin and the Chairman of the Senate Committee on Appropriations, Sen. Solomon Olamilekan, praising the initiative as timely. They highlighted the need for more universities with a strong focus on agriculture and technology-driven farming to push Nigeria toward becoming a global agricultural powerhouse.
“This bill is not just about education; it’s about laying the foundation for a stronger, more self-sufficient economy. We need more of such institutions that are equipped to tackle the agricultural challenges of today while preparing for the future,” Sen. Jibrin passionately declared, urging his colleagues to rally behind the proposal.
The establishment of this university is expected to boost innovation in agricultural practices, promote research in tropical studies, and provide Nigerian farmers with the tools to improve productivity and sustainability. It’s also anticipated that this move will create numerous employment opportunities, attract foreign investments, and reduce Nigeria’s dependency on imported agricultural products.
As the bill moves closer to becoming law, stakeholders are watching with great anticipation, hoping it will mark the dawn of a new era for Nigeria’s agricultural and economic future.
Peoplesmind