The National Economic Council (NEC) has approved the sun of N100 billion for investment into the National Livestock Transformation Plan (NLTP)
This sum has been proposed for the implementation of the Plan barring budgetary approvals.
The proposal was submitted on Thursday to the National Economic Council by its Sub-Committee on Farmers/Herders’ crisis.
NEC meeting was presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja.
The Chairman of the sub-committee and Governor of Ebonyi State, Mr Dave Umahi, made the presentation to NEC.
Umahi explained that contrary to the widely held belief, the NLTP was not about cows alone but had three planks, including care for persons displaced by farmers/herders’ crisis and education programmes.
Also, states are free to use any animals of their choice in implementing the programme.
The governor said the committee proposed that the Federal Government would bear 80 per cent of the N100bn, while participating states would support with the balance of N20bn and land for the programme.