Kenyan farmers have emerged as significant beneficiaries in the latest 2024-2025 budget released by the Treasury, receiving an impressive allocation of Sh54.6 billion. Treasury Cabinet Secretary Njuguna Ndung’u unveiled the budget estimates on Thursday, highlighting the strategic investments aimed at transforming Kenya’s agricultural sector.
The substantial allocation is earmarked for various initiatives designed to revitalize the agricultural landscape and empower farmers across the country. Ndung’u emphasized that these measures aim to shift farmers from being food deficit to surplus producers. Key strategies include providing input finance, subsidies, and intensive agricultural extension support to enhance productivity and ensure food security.
In specific allocations, the Fertilizer Subsidy Program stands out with an allocation of Sh10 billion, aimed at reducing the cost burden on farmers and increasing agricultural yields. Additionally, the National Agricultural Value Chain Development Project receives Sh6.1 billion to promote value addition and improve market access for agricultural products, thereby boosting farmers’ incomes.
Moreover, the budget allocates Sh2.5 billion towards combating the locust invasion threat, reflecting the government’s proactive stance in safeguarding agricultural yields and livelihoods from potential disasters.
The comprehensive budgetary provisions underscore Kenya’s commitment to strengthening its agricultural sector, fostering economic growth, and enhancing food security. As these initiatives roll out, they are expected to stimulate rural economies, reduce import dependence, and position Kenyan agriculture for sustainable development and global competitiveness.
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