Country Agribusiness Partnership Framework (CAP-F) partners Alliance for a Green Revolution in Africa (AGRA), and Nigeria Agribusiness Group (NABG), to promote private sector investments that can improve agriculture productivity in Nigeria.
The Vice President, Nigeria Agribusiness Group (NABG), Emmanuel Ijewere, while speaking during the engagement stakeholders’ program expounded on the context of a private-sector led agribusiness investment ecosystem in Nigeria.
CAP-F is being supported by Grow Africa, a programme of the NEPAD Planning and Coordinating Agency established to facilitate private sector investment in African agriculture to support the formation of partnerships between agribusinesses, non-state actors, development partners, governments and farmers with the intent of unlocking private sector investment in National Agricultural Investment Plans (NAIP) prioritised value chains.
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Ijerewe explained that agriculture has the credentials to be Nigeria’s most attractive investment option. It is very important that stakeholders across the public and private sectors work together to align their interests and expectations. This is the value that CAP-F brings to the table.
Also at the event was Ibrahim Gourouza, Chief Operating Officer of Grow Africa who noted that the optimised participation of private sector investors will help build more sophisticated agriculture value chains across Africa.
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“Grow Africa has provided the CAP-F Secretariat in Nigeria with a business model that has generated close to $500m in private sector investments in Africa across six countries and in five value chains.
“This will be an invaluable tool for business deal generation in Nigeria. We will continue to provide technical assistance for the team in Nigeria. Finally, we will provide a database of financiers who we will connect to provide sector deals in agriculture in Nigeria,” Gourouza noted.
