Food Security as a top priority: FG backs Cold Storage Initiative

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a delegation focused on Solar-Powered Cold Room Storage and logistics, on Monday.

This was disclosed via an X tweet on the official handle of the Federal Ministry of Finance.

According to source, the delegation consisted representatives from the National Agricultural Development Fund (NADF), GENESIS Energy Group, USAID, and KPMG.

The delegation discussed strategic partnership that concentrated on Solar-Powered Cold Room Storage and logistics, according to source.

“The initiative aims to reduce post-harvest losses and improve food security across Nigeria”, the tweet reads in part.

The delegation reportedly shared updates on their ongoing efforts.

They detailed collaborations with key stakeholders to deploy cold storage facilities in strategic locations nationwide.

“The delegation presented details of their ongoing efforts and collaborations with key stakeholders to deploy cold storage facilities in strategic locations nationwide.

“This initiative is expected to significantly reduce farm produce losses and enhance supply chain efficiency”, the tweet pointed out.

Minister Edun reportedly praised the delegation for their efforts.

He reiterated the priority of food security for President Tinubu.

Additionally, he emphasized the importance of agricultural resilience to the nation’s economy.

He also pointed out recent economic reforms, including the market-based pricing for fuel and new foreign exchange policies have stabilized the economy.

These reforms were reported to have created a conducive environment for investment across all sectors.

According to source, the Finance Minister further expressed the Ministry’s unwavering support for the initiative.

He emphasized that the project aligns with the government’s agenda to foster job creation.

Attracting foreign investment and reducing poverty also remain high priorities.

There were some key representatives at the meeting.

These include notable leaders.

Mr. Akinwole Omoboriowo, CEO of GENESIS Energy, and Mr. Mohammed Ibrahim, Executive Secretary of NADF, was present.

Furthermore, Dimeji Salaudeen from KPMG contributed to the discussions.

Minister Edun affirmed the necessity of innovative solutions.

He encouraged the team to explore additional technological advancements.