L-r...Executive Manager Nigeria Agribusiness Group (NABG) Temitope Oluwo, works at the Department of Economics, Lagos Business School. (LBS) Ikechukwu Kelikume Project director Agribusiness youth Summit . Njideka Anyanwu , during the Agricbusiness youth summit ‘ theme Youth in Agricbusiness ‘ the opportunities held at LBS in Lagos recently ...PHOTOS: CHINYERE IKEANYI.
Stakeholders in the agric business has noted that regardless the harsh and occasionally unpredictable working atmosphere witnessed by a number of sectors of the Nigeria economy and current slow state of affairs in the global economy, agribusiness is the next gold mine for the nation.
Edo State Governor, Mr. Godwin Obaseki (right); Commissioner for Agriculture and Natural Resources, Monday Osaigbovo, (2nd from left); Commissioner for Finance, Hon. Osagie Inegbedion (middle); Special Adviser on Agriculture, Prince Joe Okojie (2nd from right), Managing Director, Edo Geographic Information System Agency, Architect Frank Evbuomwan (left) during the inauguration of the Committee on Commercial Agricultural Credit Scheme (CACS), recently at the Government House, Benin City.
To provide guarantee for agribusiness investments in the state, the Edo State Government has partnered with the Central Bank of Nigeria (CBN) to set up a N500 million Commercial Agricultural Credit Scheme (CACS).
To attract more investments in agribusiness, governments must open up the space for smallholder farmers, ensure sufficient fund is provided for research and intensify efforts to remove investment bottlenecks.