Business
Nigeria Agric-Business Investment Forum Holds In US
Nigeria’s agriculture transformation agenda will be the focus of an investment forum and exhibition scheduled for April 10 in Washington, DC. The Tide source reports that Nigeria Embassy in Washington and Corporate Council on Africa are co-hosting the forum titled “Nigeria: Transforming Agribusiness through investment.
The Embassy in an announcement on its Website said the forum would reveal opportunities in the agriculture sector.
It said participants would include a large Nigerian delegation of senior government officials, state governors and numerous Nigerian companies seeking to partner with and buy from American companies.
It added that the forum would also highlight opportunities with experts from Nigeria and the U. S along with extensive networking opportunities.
According to the Embassy, a trade exhibition will run concurrently with the forum, while the second day will feature site visits to Washington area agribusiness facilities.
It noted that agriculture represents 40 per cent of Nigeria’s gross domestic product and is the country’s leading employer.
“The government is prioritising agricultural development with an infusion of three billion dollars in funding and the creation of incentivised staple crop processing zones.
“Nigeria is Africa’s most populous nation, boasting an estimated 10 million people in its rapidly growing middle class. ” it said.
It stated that Nigeria was a major consumer of a range of agricultural products and sought to dramatically increase domestic production and processing of such items through technology, capacity building and value-chain enhancement.
The Minister of Agriculture, Akinwunmi Adesina, Minister of Trade and Investment, Olusegun Aganga and Minister of Foreign Affairs, Olugbenga Ashiru are expected to make presentations at the forum.
The Nigerian Government’s Agricultural Transformation Agenda was an all-encompassing initiative seeking to create real, national growth for more than 20 million farmers by 2020.
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