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Firm targets $3.4 billion investments in agric by 2023

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The Nigeria Agribusiness Register (NAR) has disclosed plans to facilitate new agribusiness investments worth $3.4 billion from domestic and foreign sources by 2023.

The plan of the organisation is to provide both free and paid business development services, capital facilitation and project promotion for agribusiness owners, especially start-ups.

The Founder and Director of the NAR, Mr Roland Oroh, disclosed this in a statement ahead of the maiden edition of the monthly agribusiness networking event tagged AgNet, to be held soon.

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He disclosed that the Public Private Partnership organisation offers services ranging from information provision to business networking, mentoring and coaching for start-ups, investor targeting and attraction campaigns, investor introductions, due diligence, transaction support, capital raising, matching funds, equity guarantees, and partnership development.

Oroh said the aim of AgNet was to connect Agribusiness to Venture Capital adding that the program was designed to build a robust and convincing pipeline of agribusiness projects that are primed, prepared and matched with alternative capital providers such as venture capital funds through networking and deal making events.

The forthcoming edition of the event, according to him, would focus on the five industries making the agro-inputs sector, namely, seeds, fertiliser, agro-chemicals, animal feeds and mechanisation while the focus in April would be on the rice value chain development.

He disclosed that venture fund managers, including Turkey-based Evrensel Capital and First Unity Group, a Canadian alternative management company, had signed up joining via live streaming.

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