The government has committed a total of Sh49.9 billion to the Ministry of Agriculture, striving to bet on the industry to achieve sustainable food and nutrition security.
The Kenya Kwanza administration's fertilizer subsidy scheme would receive a total of Sh5 billion, according to National Treasury Cabinet Secretary Njuguna Ndungu on Thursday.
The CS stated that due to the sector's multiplier effect to create jobs and its backward and forward connections, the government would spend more on it.
President William Ruto committed to investing significantly in the agricultural sector as a long-term plan to combat food insecurity.
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The National Agricultural Value Chain Development Initiative will receive Sh8.6 billion in funding from the government, and the National Agricultural and Rural Inclusivity Project will receive Sh2.7 billion.
As the government works to attain food security, an additional Sh2.1 billion has been set aside for the Kenya National Cereal Enhancement Program.
The government would allocate Sh2.8 billion from the agriculture budget to address the threat of locusts, Sh2.4 billion for small-scale irrigation, and Sh1.4 billion for food production and nutrition.
The Agriculture Support Program will receive Sh500 million, and the Food Security and Crop Diversification Program will receive Sh496 million.
The government would spend Sh 3.7 billion on a program to derisk, include, and add value to rural economies to increase cattle production.
A further Sh2.1 billion, Sh1.5 billion, and Sh166 million have been set aside for the Kenya livestock commercialization program, the livestock value chain assistance program, and the embryo transfer project, respectively.
Additionally, the government would spend Sh350 million to build a leather industrial park in Kinani, Sh220 million to produce cattle, and Sh132 million to strengthen the leather value chain.
The government would invest Sh 130 million for sustained tsetse and trypanosomiasis-free zones in Kenya and Sh 135 million to establish liquid hydrogen to improve animal disease control.
