Experts in the agricultural value chain have advised that Nigeria must leverage the COVID-19 pandemic to deepen the agribusiness ecosystem, for a transformation of the sector.
This, they maintained, is imperative, following the important role agribusiness plays in the economic transformation process by providing forward and backward linkages to other sectors. Chief Executive Officer of the Nigerian Economic Summit Group (NESG), Laoye Jaiyeola, said this at the 26th Nigerian Economic Summit (NES#26) pre-Summit event.
The pre-Summit event involved the NESG, the Federal Ministry of Finance, Budget and National Planning, the Federal Ministry of Agriculture and Rural Development and the Alliance for a Green Revolution in Africa (AGRA).
Jaiyeola said the NESG Summit, with the theme ‘Rethinking Approaches to Agribusiness Ecosystem in Nigeria,’ would help to shape strategic partnerships for recovery and resilience-building for the country’s economy, businesses and households, by delivering conversations that would put Nigeria in a strong position within the changing world order.
Dr Muazu Abdulkadir, the Permanent Secretary, Federal Ministry of Agriculture and Rural Development, said that the government was promoting the Ease Of Doing Business programme by investing in infrastructure in rural areas to help smallholder farmers get their produce to the market.
Abdulkadir, who stated that the ministry was focusing on innovation, technology and the promotion of agricultural investment in a way that was beneficial to the country, added that the government signed a law to open up lands and attract youths to farming.
He said that the ministry was looking into providing infrastructure, and would continue to work with financial institutions to provide loans for youths interested in farming. Guardian