FG, Africa Lead Launch Agribusiness Resource Center

The Federal government through the Ministry of Agriculture and Rural Development, in Partnership with African Lead on Thursday launched Launched the Nigeria Agribusiness Resource Center
Speaking at the event, the Minister, Chief Audu Ogbeh who was
represented by Permanent Secretary of the Ministry Dr Bukar Hassan
said ” investors and exporters of Agriculture export produce from the country would definitely need a more reliable single point of contact as intermediary with the government to facilitate tailored
agricultural investment support services,high quality data,information and access to agricultural programmes and investment plans and other opportunities for partnership.

The Minister however lamented that with the lack of a well functioning agricultural resource center to assist investors with all necessary tasks of setting up Agribusiness create,this created uncertainty in attracting and facilitating investment.
According to him” I am persuaded by the immense benefits of the
Nigeria Agribusiness Resource Center in Our import substitution
driveas a laudable approach in the diversification of the nation’s economy through the agricultural sector.”
Chief Ogbeh assured that with the Economic Recovery Programme (ERP) of the current administration which aims at restoring growth,installing a world class economy and diversifying the economy from the oil sector to agriculture.it had become Imperative to promote agricultural investment and exportation of agricultural produce out of the country, Nigeria had recorded encouraging progress in Agric exports in both Quarter 1 and 2 of 2017.

He said” the total value of agricultural goods trade in Q2 was N261.92 billion representing 4.60% of total trade which he said is 1.03% lower than that of Q1 which was N30.02billion”
“Sesame seed export in Q2 of 2017 was N7.0billion, Ginger N663.7m,
Flours N568.5m, Peanut Kernels and other Groundnuts N481.3m and Milk and Cream Powder N282.4million”

Chief Ogbeh added that destinations of agricultural exports in Q2
included Asia, ,America, Africa, Europe and the Oceanic.
Speaking earlier,Africa Lead, West Africa Regional Director, Carla
Denizard said ” We expect the Agribusiness Resource Center to help
streamline the investment process from inquiry to implementation and to ease new investors entry into the country and more importantly to promote and increase local Nigerian investment in agriculture.

The Regional Director who asserted that the center is primarily for
Nigerians,said” We expect that it will improve coordination between
critical investment support agencies and help them to focus on
delivering services that increase and support agricultural investment in Nigeria”.

Ms Denizard said “Africa Lead started back in 2010 in 8 countries
targeting initially 100 leaders per country but has today grown into a movement that has directly empowered over 15000 leaders called champions for change and helped over 2,200 institutions to transform the landscape of Agriculture and to strive for a Green Revolution in 39 countries across the continent.”

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