The Federal Government of Nigeria has allocated N1 Billion from its 2025 Special Intervention for Agricultural Commercial Farm to the Federal University of Technology, Akure, FUTA . Conveying the message to the Vice Chancellor, Professor Adenike Oladiji, the Executive Secretary, Tertary Education Fund, tetfund Arc. Sonny Echono wrote "Further to the approval of the year 2025 intervention budget by President Bola Ahmed Tinubu, GCFR, and in line with the provisions of the Tertiary Education Trust Fund Act 2011, I write to inform you that your institution has been allocated a special intervention for Agricultural Commercial Farm in your institution. Accordingly, I hereby convey the allocation if the sum of One Billion Naira (N1,000,000,000.00) only for Agricultural Commercial Farm."
Responding to the development, the Vice Chancellor, Professor Oladiji expressed her appreciation to President Tinubu, GCFR, for finding FUTA suitable for the intervention. She said, “This allocation is a further testament to FUTA's relevance in tackling food insecurity. FUTA is pulling its weight in the area of providing solutions to food insecurity in the country. The vegetable production center of the university is ready to guide interested farmers through the process of planting and nurturing the F1 specie of Bell pepper and tomatoes ( A specie propagated at the Teaching and research farm of the University) which have a lot of advantages over the traditional ones. We have also doubled the trees in our palm tree plantation while the Construction of additional greenhouses is progressing. This fund will add fillip to our commercial farming activities for the benefit of the country. I can assure the President that we shall deliver and not disappoint him. The fund shall be judiciously utilized for the purpose it is meant for. “
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