Tag: Bishop David Oyedepo

  • I contributed N250m for Oyedepo’s 70th Rolls Royce gift – Korede Komaiya

    I contributed N250m for Oyedepo’s 70th Rolls Royce gift – Korede Komaiya

    Pastor Korede Komaiya has revealed how he and three others honored Bishop David Oyedepo on his 70th birthday.

    According to him, Bishop Oyedepo requested that instead of celebrating with lavish gifts, the funds be donated to 70 widows, poor people, and those in need.

    However, Pastor Komaiya and three others decided to surprise the bishop with a luxurious Rolls Royce.

    The car, which was purchased for a whopping N1.5 billion, was a joint gift from the four individuals, with Pastor Komaiya contributing N250 million.

    The surprise gift left Bishop Oyedepo visibly shocked, and it was revealed that in his 70 years, no one had ever given him a Rolls Royce.

    Read Also: Mr Jaga backs Pastors Fatoyinbo, Komaiya on doctrines, practices

    He said: “My dad 70th birthday was coming and we said okay, we need to honour him. And he said nobody should do anything for him, we should give it to 70 widows, poor people, people in need. 

    “So we looked at it and four of us came together and said we’ll buy a Rolls Royce. He will never use his money to buy a Rolls Royce, so this small boy in front of you was privileged to drop N250m. We are not just talking. 

    “We bought that car for N1.5bn. I was the one that gave the smallest. It was N250m to honour my father. And we took the car to him, making up our minds not to put it on social media.

    So we took it to him and he was shocked. He said in 70 years, this (Rolls Royce) is the only thing nobody has given him.”

  • Offering didn’t buy our first aircraft, God bought it – Bishop David Oyedepo

    Offering didn’t buy our first aircraft, God bought it – Bishop David Oyedepo

    Renowned cleric Bishop David Oyedepo has addressed speculation surrounding the purchase of the church’s aircraft, attributing its acquisition to divine providence.

    During a recent sermon, Bishop Oyedepo shared the remarkable story of how the aircraft was obtained, debunking rumours that it was funded by church offerings.

    He, however, revealed that God miraculously provided the aircraft without any prior planning or prayer.

    Bishop Oyedepo emphasised that the aircraft has been instrumental in facilitating the church’s mission to spread the Gospel throughout Africa.

    Read Also: 40 Things to know about Bishop David Oyedepo

    He said: “He bought the first aircraft without any prayer, without any idea that the aircraft was coming. He said it, he delivered it nobody had any pressure on his life. There was no pressure on the offering

    “The offering didn’t buy it oo! God bought it. There was person contacted under heaven. No! God said it and I believe it and that settles it.

    “It wasn’t an ambition, it was a unveiled divine agenda. If God asked me David when do you want that aircraft to be bought j would have said “God take it easy, take it easy, we are not near ready. Aircraft?”

    “Okay, let me find out first how much they sell it, he didn’t give us the room to find out. Not the aircraft that would go from here to Ilorin or Ogbomosho, we travel the whole of Africa with the aircraft.”

  • I do not earn wages from Covenant University, says Oyedepo

    I do not earn wages from Covenant University, says Oyedepo

    •1607 graduates, 339 bags first class at CU

    The Chancellor of Covenant University, Bishop David Oyedepo has said that he has not earned any wage from the Covenant University since its inception in 2001, adding that the testimonies and transformation of the students have been his earnings.

    Oyedepo said this at the 19th Convocation of the Covenant University, Ota, Ogun State.

    Out of the 1607 that graduated 339 students made first class, 762 came out with Second Class Upper, and 330 had Second Class Lower, while 25 had Third Class. 151 were awarded post-graduate degrees in different fields.

    Sanmi Rilwan Oluwademilade, a graduate of Industrial Mathematics emerged as the Best Student with a 4.99 Cumulative GPA.  Oluwasina, Gbemisola Hephzibah from the Department of International Relation had 4.97 Cumulative GPA.

    He said that over the years, the transformation of graduates from Covenant University and their exploits in the aviation, fashion, banking, ICT and other industries have been his wages and earnings since the inception of the university.

    Read Also: Why we didn’t seek FG’s funding for Gowon’s 90th birthday anniversary – Jerry Gana

    Oyedepo said: “l said this before God. I have not earned any wages from Covenant University since its inception. Your testimonies of success and breakthroughs in different fields of endeavors have been my earnings and wages,” he said.

    He noted that he did not set out in life to look for what to gain but to contribute meaningfully to society.

    He opined that focusing on God’s plan and purpose for one’s life is the sure pathway to success in life.

    He charged the students not to think of what they want to gain but to contribute meaningfully to the growth of society.

  • CAN to Oyedepo @ 70: your positive impact massive

    CAN to Oyedepo @ 70: your positive impact massive

    The leadership of the Christian Association of Nigeria (CAN) has urged the founder and presiding Bishop of Living Faith Church Worldwide Bishop David Oyedepo to continue to contribute to the nation’s educational development and economic empowerment.

    CAN gave the advice while congratulating Oyedepo on his 70th birthday.

    The religious body described the cleric as a legend of faith, living a life of impact.

    A statement on Friday by CAN President, Archbishop Daniel Okoh said: “On behalf of the Christian Association of Nigeria (CAN), I extend heartfelt congratulations to the founder and presiding bishop of Living Faith Church Worldwide (Winners’ Chapel), Bishop David Oyedepo, as he celebrates his remarkable 70th birthday.

    “As we honour Bishop Oyedepo today, we acknowledge his profound impact on the Christian community in Nigeria and beyond. His unwavering commitment to the Gospel and his visionary leadership have inspired millions to seek a deeper relationship with God. Through his ministry, he has not only transformed lives spiritually but has also contributed significantly to educational development, economic empowerment, and social upliftment.

    Read Also: Tinubu, Abiodun salute Oyedepo on 70th birthday

    “In these challenging times, marked by socio-economic instability and increasing insecurity, Bishop Oyedepo’s teachings on faith, prosperity, and resilience have provided hope and direction for many. His steadfastness in preaching the message of love, unity, and faith reinforces the essential role of the Church in addressing the pressing issues facing our nation. 

    “As we reflect on the current realities of our society, we are reminded that the Church must remain a beacon of hope, promoting peace and reconciliation among diverse communities. Bishop Oyedepo’s emphasis on the Word of God as a foundation for living has become even more relevant, urging us to stand firm in our beliefs and to be agents of change in our communities.

    “We celebrate not only his achievements but also his unwavering dedication to the Great Commission, encouraging believers to spread the message of Christ’s love. His life is a shining example  of the power of faith in action, and we pray that God continues to grant him strength, wisdom, and grace in many years ahead.

    “As he enters this new decade, we pray that God will bless him abundantly and that his ministry will continue to flourish, bringing light to those in darkness and hope to the hopeless.

    “Once again, congratulations to Bishop David Oyedepo on this significant milestone. May the Lord bless you richly in Christ’s service”.

  • Oyedepo berates African leaders, says they lack courage, character

    Founder, Living Faith Church Worldwide, Bishop David Oyedepo, has berated African leaders, saying that they lack character, capacity and courage, three virtues he said they must have to move the black continent out of the woods.

    Oyedepo, who delivered a keynote address during Covenant University’s 20th inaugural lecture at the university premises on Thursday, also noted that unlike their western counterparts, African leaders do not build institutions that would outlive them.

    The lecture delivered by Jonathan Aremu, a professor of International Economics Relations at CU, was themed: ‘Sequencing and negotiating Nigeria’s regional and international trade agreements.’

    The fiery cleric was making allusion to Aremu’s lecture where he (Aremu) bemoaned Nigeria’s indifference and lack of will power in drafting effective trade policies and negotiations with bodies such as the Economic Community of West African States (ECOWAS), African Continental Free Trade Area (AfCFTA), Environmental Protection Agency (EFA) and African Growth and Opportunity Act (AGOA), among others.

    The development, Aremu argued, has left the nation unable to articulate her interest among the aforementioned bodies.

    Oyedepo, however, blamed the situation on Nigerian government’s lack of foresight and its inability to identify opportunities that would benefit the led.

    He said: “It is unfortunate that many of our leaders are intellectually bankrupt.

    “When confronted with some of these beautiful initiatives, it is very shameful that they often don’t know the meaning. And if they don’t know the meaning, how will they go about implementation?”

    “I have often said it that our leaders lack three Cs-capacity, courage and character.

    “Where is the capacity when you are bereft of intellect required of a leader? Where is the courage when you don’t have the political will to follow through with policies that will improve governance? And where is the character when all they are thinking is how to win election as many times as possible while ignoring developmental initiatives?”

    Oyedepo said the leadership should take a cue from an institution like Harvard University which has outlived the founder for centuries.

    If Harvard were to be in Nigeria, it would have been in ruins in less than two decades, the cleric noted.

    Nonetheless, Oyedepo said not only leaders are culpable, noting that the led are as much guilty for looking the other way for too long.

    This, according to him, is the reason the Covenant University platform was conceived to point out the ills in governance while also recommending solutions to them.

    Earlier in his lecture, Aremu lamented that Nigeria has not been forthcoming with effective trade policies and negotiations.

    He said: “Trade negotiations remain one of the most complex, challenging, and sometimes controversial issues in contemporary trade policy.

    “This is more serious for Nigeria which has no current trade policy. The administrative burden of handling and negotiating trade policy is a serious concern.

    “Even as at now, the country still faces technical constraints on the negotiations of multiple agreements that will serve her trade interest.

    “Confronted with generally weak negotiating, regulatory and implementation capacities, the country is handicapped in her ability to engage meaningfully in all these negotiations.”

  • How my husband DIED TWICE

    How my husband DIED TWICE

    Elder Adekunle Oshingbesan, a retired Sales and Marketing Director, Berger Paints Plc, died November 5, last year. He was buried in his Agege, Lagos residence December 22, after a funeral service at Winners Chapel (Province 20), Agege, Lagos. 

    My husband, Elder Adekunle Oshingbesan, a retired Sales and Marketing Director, Berger Paints Plc, first died February 22 last year at 3:03 am”, his widow, the Proprietor of Divine Blessed School, Eyitayo, said.

    “He was coming out of the room in our Agege residence; he fell down, gasped and died. I looked up into Heaven and gave God 10 reasons why I didn’t want him to die, including that I wanted him to see the delivery of our grandchild after 13 years of delay; birthday celebrations of some of our other grandchildren; his own 74th and my 70th birthdays. I struck him with the ‘mantle’, saying he had to wait to see all of these. The Holy Spirit told me to dance like a mad woman, which I did for three hours. After that, I called his name, he opened his eyes and came back to life.

    “When he died again November 5 last year, I thought it was like that of February. He woke up that morning and sat on the bed, pretending to be sleeping. I sneaked out of the house to our church’s first and second services (at Winners Chapel in Sango-Ota, Ogun State), knowing that he would come for either the third or fourth service, but I did not see him in church. I bought some of his favourites, including, cocoa, chin-chin and plantain chips which filled my bag.

    “I got home that day, but there was no one to receive those things from me; I was told he was sleeping. I ran into the room, pulled up his hand, pressed him, called him, but there was no response. I told the people in the house to leave him for me for three hours, thinking last February’s kind of death was repeating itself. However, when Bishop David Oyedepo of the Winners Chapel told me it was time for my husband to go back home, I accepted he was dead.

    “Oyedepo called me and said I should give him 15 minutes, which became 40 minutes; he called me back and told me: ‘Look, my Father said He demanded; He said it was enough. He (my husband) wanted to go and when he saw the light, he signed the paper himself; he was not forced’. It was at this point I accepted that my husband was dead.”

    She continued: “I first met my late husband in a shop in 1966 while I was plaiting hair for a lady and the first thing that came out of his mouth was, ‘this is my wife’. I looked at him, nodded my head and hissed. I never knew the angel stamped it; we got married December 25, 1967 in Osogbo, and we lived in a small one-room apartment with just a radio, standing fan, chair and a four and half iron bed. We were contended and admired by many.

    “When we had our first child, we had no cot but we were happy.  My husband grew to the position of Sales and Marketing Director at Berger Paints Plc. He schooled both in Nigeria and abroad. He made me travel all over the country and outside, including Ghana, Europe, America and India.

    “We both struggled and grew up together. Youths should believe in starting and working together, knowing that one day they will be great. My husband was not the type that would take bribe from any one and that gesture opened doors for him. We were able to build two houses.  He taught me never to take bribe. He was an epitome of integrity, honesty, humility and a philanthropist. He could do anything to make others happy. He did not want anyone to be unhappy. He was a loving husband, a father and grandfather that others should emulate”, she said.

    These were the words of Oshingbesan’s widow at his funeral ceremony, which held at Winners Chapel (Province 20), Agege, Lagos, followed by a reception at 10 Degrees Event Centre, Oregun, Lagos.

    At the church service, after prayers and praises, Pastor Reuben Akpa, the church’s Provincial Pastor, urged the gathering to live full and die empty.

    “God created everyman filled with talents and gifts; He expects us to make use of our potential while on earth and die empty. Good people do not die; they live forever because of their impactful lives, good names, the value they added to others and character,”Pastor Akpa said.

    He described the late Oshingbesan as a good man that engaged in the race of life, gave his life to Christ and Jesus helped him to succeed.

    “He influenced the lives of many; his name and family will live long; and his children will be blessed because they are the seeds of a righteous man”, he said.

    He urged the widow to hold on to God, adding that the children should follow the footsteps of their father, looking unto Jesus, the author and the finisher of their faith.

    After the sermon, Pastor Israeli Akintayo prayed for the Oshingbesan, family.

    At the grave side at the Oshingbesan’s residence in Agege, Pastor Dayo Paseda urged the people to improve on whatever they are doing and maximise their lives, noting that only genuine work with God guarantees eternal life.

    The late Oshingbesan’s second child, Adejumoke Oshin-Wright, said her father lived a fulfilled life.The deceased’s third child, Mrs Bolatito Ilori, described her late father as everything one can find in man. “He was a complete man; he lived an exemplary and distinguished life,”she said.

    The fourth child, Mrs Ololade Triumph- Obatan, said: “My daddy was generous and diligent”.

    The last child, Dr Mosunmade Oshingbesan, said: “Dad was a nice man; he was humble; he loved his wife till death. He loved his children and he was always there for so many people”.

  • Nigeria must utilise research findings, says Oyedepo

    Nigeria must utilise research findings, says Oyedepo

    CHANCELLOR of Landmark Uniiversity (LMU), Omu-Aran, Kwara State, Bishop David Oyedepo, has said the only challenge confronting the economy  in Nigeria is how to utilise various research findings in the academia for economic emancipation.

    “We don’t have problem with capacity; but capacity utilisation,” Oyedepo said at the university’s fourth inaugural lecture delivered by a professor of Production Economics, Olasunkanmi Bamiro, last week. The lecture was titled: “Roadmap to Canaan: Production Efficiency and Integration in agribusiness”.

    “We have deep insights and we sleep with these insights. A lot of ideas that could have changed the economic fortune of this nation are locked up in archives. Papers have left us where we are, we should stop counting papers and start counting products,” Oyedepo added.

    Oyedepo, therefore, advised that LMU should not hold further inaugural until the message of the lecture is utilised. He also extended same piece of advice to universities nationwide that desire workable national development, saying that it is the only way Africa can wriggle out of the woods.

    “Landmark as well as every university across Nigeria has a big task of translating all these lectures into products. We don’t have to wait for big machines from somewhere. We can start from where we are by improvising.”

    In his lecture, Bamiro said Nigeria could attain food security if effort is geared towards increase in yield of all food crops through efficiency in agricultural production and adoption of vertical integration in all agribusiness enterprises.

    “Effort has to be geared towards increase in yield of all food crops. The two roadmaps or routes to Canaan-food security discovered are efficiency in agricultural production and adoption of vertical integration in all agribusiness enterprises.

    “Apart from food security that will be attained, vertical integration will solve the herdsmen and farmer clashes and minimise risks,” he said

    Bamiro said the perceived inefficiency in the use of resources is due to lack of users technical knowhow. Bamiro recounted the enormous success Nigeria made in agriculture  at independence in 1960, noting that at the time over 70 per cent of Nigerians practised agriculture and engaged in allied occupations as their means of livelihood. He added that Nigeria produced the bulk of her food, and exported a sizable quantity of agricultural commodities,, which accounted for between 60 – 70 per cent of the nation’s foreign exchange earnings. He nonetheless, lamented that this has declined to 1.2 per cent in 2005.

    “Nigeria is richly blessed with huge natural and human resources. She is endowed with about 91.1 million hectares of land, the 2nd largest in Africa and the 32nd largest in the world. The nation is also richly endowed with about 1.3 million hectares of inland water bodies and a coastline that extends over at least, 853 kilometres. Despite these enormous potentials, Nigeria – like a prodigal child, still wallows in the wilderness of poverty, hunger and widespread food insecurity,” he added.

    He lamented that rather than help the economy, the exportation of the nation’s raw materials has plunged the nation into despair.

    Baniro said the earlier Nigeria engages the chain of production of these raw materials, the better it is to achieve desired profitability, efficiency and productivity.

    For Nigeria to get to the Promised Land, Bamiro noted that she must achieve the four dimensions of food security, which are: affordability, access, stability and health.

    Earlier, LMU Vice-Chancellor, Prof Adeniyi Olayanju underscored the importance of lectures in an academic environment.

    “It is an essential feature of an academic institution and today’s lecture makes an important contribution on the role of the university within the wider community as a forum for public enlightenment especially as it relates to agricultural sustainability which is in line with the university’s vision of leading an agrarian revolution for Africa.”

  • Averted plane crash: Pastor Adeboye received divine instruction to pray for me before the trip, says Oyedepo

    Averted plane crash: Pastor Adeboye received divine instruction to pray for me before the trip, says Oyedepo

    It was praise, worship and thanksgiving to God yesterday at Canaanland, Otta, the headquarters of the Living Faith Church Worldwide (LFCWW) .

    The leadership and members of the church came out in large number to thank  God for averting a plane crash that would have involved the Presiding Bishop of the Church, Bishop David Oyedepo and his wife.

    It was the third time Bishop Oyedepo would be involved in near air mishap.

    Narrating how this third and most recent accident happened , a pastor in the church, Adebisi read the report  from the aircraft’s pilot, Captain Samuel Adegoga.

    “The main malfunction we had in the Cyprus-Israel flight was a stabilizer twin-motor failure. During the said flight that we had the twin motor failure, the auto-pilot could no longer exert the desired pressure to keep the aircraft in the required altitude for stability flight.

    “The captain disconnected the auto-pilot,  took and returned the aircraft to the required altitude for that phase of the flight. Because the aircraft was out of trim during this takeover, the aircraft abruptly pitched off with much pitch force.

    ” The captain counteracted it with a pitch down force. These counter forces caused turbulence and movement in the cabin and cargo hold. Heavy items in the cargo section fell from their compartment, making a loud noise, ” the pilot wrote.

    ” We thank the God of this commission for making the pilot to react promptly. Similar failures in the past have resulted in fatal accidents due to lateness of pilot’s reaction, ” Adebisi added.

    However, while the pilot saw the incident as mechanical malfunctioning, Bishop Oyedepo said the averted air disaster was a spiritual attack.

    He went on to explain that a few days before he embarked on the journey, his  ‘father in the Lord’ and the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye had had a revelation about the incident and came over to his house unannounced to pray for him.

    Bishop Oyedepo’s words: “According to the word of God, before the great and dreadful day of the Lord will hit the earth, there will be a restoration of sonship and fatherhood to the body of Christ.

    ” On Friday preceding the journey that we made, my father in the Lord showed up at 6:30 early in the morning and saw a vision and wasn’t sleeping, and said, ‘Lord, Lord, why seek the living among the dead? No, no…’ So, he took off and landed here before 6:30am. No, there was no idea that he was coming, and there was no discussion after it. The heart of the father will be drawn to the heart of the son to defend.

    ” Understand what I’m saying. You don’t have inheritance in a pastor; you don’t have in a teacher. Many of us have teachers all our lives. Did they share anything with you when they died?   Did any teacher write your name in his will? You only have an inheritance with a father. A good man leaves an inheritance for his children to inherit. Fatherhood is not an accolade, it is a revelation. So, that was not technical failure, it was a spiritual attack that Jesus averted.

    Every prophet sent to you is ordained a father. Elisha shouted: ‘My father! My father!‘ He was the son of Sherphat. Elijah was not his biological father, but he was a prophet sent to him…Every prophet sent to you is sent as a father, not as brother, not as an uncle, not as a friend. I have enjoyed this kind of covering all my life. ”

    Corroborating the testimony of Bishop Oyedepo, his second  son, Pastor Isaac Oyedepo, the Resident Pastor of Living Faith Church, Lokogoma, Abuja said this on October 8 :  “Very early last week Tuesday, Daddy G. O  (Pastor Enoch Adeboye) went to Bishop Oyedepo’s house unannounced, no telephone calls.

    “Daddy G.O said ‘God told him to go and pray for Bishop’.  Pastor Isaac further said the message was so urgent that Daddy G.O came without Mummy G.O (his wife), it was that urgent. So Daddy G.O was just entering everywhere and praying.

    “On Friday of the same week, Bishop,his wife and three other keys members ‘re on their way to Israel, when suddenly, I mean suddenly,  the auto pilot failed in the air but the Everlasting Arms showed up, miraculously brought them down, no scratch.’

    Among the gospel  musicians who ministered at the special thanksgiving service were Evangelist Bola Are, Evangelist Adelakun and his Ayewa group .

  • Nigeria will not disintegrate – Bishop Oyedepo

    Nigeria will not disintegrate – Bishop Oyedepo

    Dr. David Oyedepo, the Presiding Bishop of the Living Faith Church Worldwide says Nigeria will not breakup in spite of its present challenges.

    He said this in a satellite telecast of the church’s prayer session monitored by the News Agency of Nigeria (NAN) in Jos on Monday.

    The Bishop had led the church in a 30-minute breakfast prayer for the country.

    Oyedepo said it was made known to him via divine revelation in 1979 while praying for the well-being of the country that Nigeria would never disintegrate.

    “The good news is that Nigeria will rise again to glory,” he assured.

    The Bishop led members in prayer for peace and prosperity of the country.

    Prayers were also made for God to intervene and direct the government to make policies that would be to the benefit of the people and the country.

    “Nigeria shall not see war; God will visit eternal silence on every religious bigot being used to cause war; there will be no bloodshed in the country

    “Let Nigeria know peace; make this our independence gift; let every religious manipulator be stopped today.

    “We shall not see war in this country again.

    “God has given us peace today for the economic and industrial revolution of Nigeria as a great nation.

    “No agent of the devil will cause problems (for this country).”

  • Nigeria’s dependence on food importation dangerous – Oyedepo

    Nigeria’s dependence on food importation dangerous – Oyedepo

    President Living Faith Church (Winners Chapel) Worldwide, Bishop David Oyedepo on Thursday described the over dependence of Nigeria on imported agriculture produce as akin to ferreting diseases into the country.

    Dr Oyedepo added that a country that is prodigiously blessed like Nigeria has no basis for importing chickens into the country.

    The clergyman said this in Omu-Aran, Irepodun local government at this year’s convocation lecture of Landmark University, adding that to neglect agriculture is tantamount to mortgaging the future of Nigeria.

    His words: “We must shift from theory to things that address human issues. We need to come back to the real issues confronting use. We need to start creating solutions. A country that is enormously blessed
    as Nigeria has no basis to import chickens from any part of the world.

    We must invest in agricultural service to create the future of our dream and that is raw agricultural practices.

    “We can solve our problems if we are committed enough, but i don’t think we are that committed. Everybody must play his own part in solving the problem of food security in the world. Africa is the worst hit by the food security ravaging the world. Let us give the people in other parts of the world the impression that Nigerians are thinking.”

    Earlier, the Convocation lecturer, who doubles as the Managing Partner, Sahel Capital AgriBusiness Managers, Menzuo Nwunei said that Nigeria is not self-sufficient in food production, as it imports over
    45 percent of its food needs.

    Mr. Nwunei added that “Nigeria’s food imports have historically grown at a rate of 11 percent per year. The country’s major dependence on food imports is hurting local production, reducing local farmers’
    welfare and contributing to increasing unemployment.

    “Domestic inflation currently at about 18 percent is fuelled in part, by the demand for expensive food imports. The demand for food imports has placed download pressure on the value of the Naira and contributed to depleting foreign reserves.”

    He said that Nigeria’s import dependency is not economically sustainable and therefore should be unacceptable. According to him, agriculture is the most important sector in the Nigerian economy but remains dominated by smallholder farmers who operate at a subsistence level.

    Quoting the Central Bank of Nigeria (CBN), the guest speaker said that between 2007 and 2016, over $113 billion was the foreign investment in Nigeria.

    “Of and agribusiness related investments, the preponderance of the investment went into activities outside the major cities. About $427 million was geared towards agribusiness related investments,” he
    added.

    He, however, said: “Even with this increase in investment, over $5 billion is needed to provide required financing for farmers and agribusinesses.”