Federal Government Unveils National Soybean Production and Expansion Policy

The Federal Government has unveiled the National Soybean Production and Expansion Policy and Strategy, targeting annual industry revenue of ₦3.9 trillion and the creation of one million farm and off-farm jobs across 22 states and the Federal Capital Territory (FCT).

The Minister of Agriculture and Food Security, Abubakar Kyari, unveiled the initiative alongside Benue State Governor Hyacinth Alia in Abuja.

Governor Alia stated that the policy would reposition Nigeria as a global agricultural powerhouse while stimulating rural development. He noted that Benue State's support for the initiative is driven by its status as the country's leading soybean-producing state and the significant economic benefits expected from the programme.

Benue State's Commitments and Targets

According to Governor Alia:

"Benue will double our soybean output from 202,000 to at least 400,000 tons in three years; contribute more than 400,000 metric tons to national production annually; generate billions in new revenue and support Nigeria's ₦3.9 trillion industry target."

Expected Outcomes for Benue State

• Increase soybean production from 202,000 metric tons to at least 400,000 metric tons within three years.
• Contribute more than 400,000 metric tons annually to national soybean production.
• Generate substantial new revenue for farmers, processors, and related businesses.
• Support the Federal Government's target of building a ₦3.9 trillion soybean industry.
• Create employment opportunities across the soybean value chain.

National Objectives

The National Soybean Production and Expansion Policy aims to:

• Expand soybean cultivation across participating states.
• Increase national soybean output.
• Strengthen domestic processing and value addition.
• Create one million jobs in farming and allied industries.
• Enhance food security and industrial raw material supply.
• Position Nigeria as a competitive player in regional and global soybean markets.
• Promote rural economic growth and agricultural transformation.

Strategic Significance

The initiative reflects the Federal Government's commitment to diversifying the economy through agriculture, improving value-chain development, and increasing private-sector participation in agribusiness. Given the growing demand for soybean products in food processing, animal feed, and industrial applications, the policy is expected to contribute significantly to economic growth and rural development.