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In July, Babangida highlighted Nigeria's annual expenditure of N5 billion on fertiliser imports, which fails to meet the country's needs due to distribution issues and government mismanagement. Farmers are forced to buy fertiliser from underground markets at inflated prices. The National Land Development Authority (NALDA) was established to enhance food production and support farmers, but it faces criticism for inadequate funding and inefficiency. Despite a significant budget increase for agriculture, funding remains insufficient, and high-interest rates on loans hinder farmers. The lack of a coordinated approach among various agricultural agencies further complicates efforts to improve food production in Nigeria.
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