Abuja - ADCO, a U.S. manufacturing firm, plans to invest 60 million dollars in Nigeria’s agricultural sector, the Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, said on Monday in Abuja.

Adesina said that ADCO’s partnership with the Federal Government, would lead to the production of 300,000 tractors with a view to eradicating rudimentary farming.

He said that this was part of the outcome of a partnership meeting in Abuja with delegates from USAID and the U.S. Bureau for food security (BFS).

The minister also said that the outcome of the meeting showed that the relationship between the U.S. Government and the Federal Government was very strong.

“We are committed to deepening that relationship and grow the economies of the two countries to create jobs and also ensure mutual food security.

“As a government, we focus on inclusive growth, balanced growth and basically meeting the needs of our people in the rural areas.

“To realise this, the Federal Government introduced the Growth Enhancement Support (GES) scheme under the Agricultural Transformation Agenda (ATA).

http://www.vanguardngr.com/2012/07/u-s-firm-plans-60m-investment-in-agric-sector/