Nigeria has launched a $500 million agriculture investment fund for the oil-producing Niger Delta region, aiming to increase food production, attract private investment, and enhance food security.

Vice-president Kashim Shettima announced the initiative at an investment summit in Abuja, emphasizing its focus on aquaculture, palm oil, and marine resources.

The fund will leverage financing from the World Bank, African Development Bank, Islamic Development Bank, and private investors, operating as a commercial, returns-driven vehicle spanning crops, livestock, fisheries, and marine resources.

This initiative aligns with Nigeria's broader food security strategy, which includes plans to deploy 10,000 tractors over five years and expand farm mechanisation.

The fund seeks to address longstanding challenges in the Niger Delta by fostering sustainable agricultural practices and creating economic opportunities for local communities.

By integrating international financial support with domestic investment, Nigeria aims to transform its agricultural sector and reduce reliance on food imports.

The initiative highlights the government's commitment to balancing economic development with environmental sustainability, ensuring long-term benefits for both rural populations and the national economy.