The Kenyan government has allocated Ksh 54.6 billion to the agriculture sector in the 2024/25 financial year to enhance agricultural transformation and inclusive growth.
According to National Treasury and Planning Cabinet Secretary Prof. Njuguna Ndung’u, the funds will be used to provide working capital to farmers, deploy modern agricultural risk management instruments, and transform farmers from food deficit to surplus producers.
The allocation includes Ksh 10 billion for the fertilizer subsidy programme, Ksh 6.1 billion for the National Agricultural Value chain development project, and Ksh 2.5 billion for emergency locust response, among other programmes.
The government aims to raise agricultural productivity, enhance resilience to climate change risks, and improve livelihoods.
The agriculture sector is a significant contributor to Kenya’s economy, accounting for approximately 33% of the country’s Gross Domestic Product (GDP).
The government’s investment in the sector is expected to have a positive impact on food security, nutrition, and the overall economy.
