Osinbajo, UK envoy to lead conversation at Feed Nigeria Summit
Vice President Yemi Osinbajo, the Minister of Agriculture and Rural Development, Dr. Muhammad Abubakar and the United Kingdom High Commissioner to Nigeria, Catriona Laing are among dignitaries expected to lead the conversation at the 2022 edition of the Feed Nigeria Summit (FNS2022).
The Director General of the Feed Summit Secretariat, Mr. Richard-Mark Mbaram, who disclosed this at a press briefing in Abuja on the summit scheduled for December 12, 2022 said the event is meant to recalibrate the Nigerian economy using the productivity energies that the agricultural sector and agribusiness ecosystem provides.
While mentioning that agriculture remains the only solution to the global economic crisis, he said the summit would focus on the best way to unleash the energies of the sector in Africa, through the deployment of science, technology and innovation.
Mbaram noted that biotechnology is the only key to increase food production without impacting on the environment negatively.
The DG said the particular attraction of the summit is the Deal Room framework, which the USAID Feed The Future Agribusiness Development Programme is the key technical partner.
According to him, the Deal Room is calibrated to provide sectoral financing support – whether it be blended, equity, mezzanine or conventional. Also, assuring that critical appendage de-risking products like insurance are contemplated.
He said the Deal Room under the auspices of Dr. Debisi Araba will flaunt a hybrid structure and will also have key partners like the African Development Bank (AfDB), International Fund for Agriculture Development (IFAD), and the United Kingdom Department for International Trade featuring prominently.
Mbaram stated this year’s summit, coming at the cusp of a new governmental dispensation, would seek to provide policy insights that will guide the political class. “That’s why one of the key focus areas will be youth and gender. Remember, that these folks are naturally innovative themselves.”