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Stakeholders, at expo seek more private investors in agriculture


The Minister of Agriculture and Rural Development, Audu Ogbeh

The Minister of Agriculture and Rural Development, Audu Ogbeh

Lawyers hold conference on infrastructural deficit

As part of efforts to increase private sector investment in agriculture, the Nigerian Agricultural Business Group (NABG) and 151 Product, stakeholders in the sector are making plans to ensure synergy between farmers, government and the European Union.

The Chairman of 151 Product, Sam Ohuabunwa, who stated this yesterday during the ongoing AgrikExpo in Abuja, said lack of information by farmers is the bane of the sector.

Speaking on the theme of the conference, “From crude oil to food oil; harnessing opportunities under the new agricultural road map: The green alternative,” Ohuabunwa said with the country presently in recession, and not much money coming in from crude oil, it is cheaper for government to go into agriculture than mining solid minerals, which is more capital intensive.

The Minister of Agriculture, Audu Ogbeh, in his address announced plans by the government to ensure that farmers can access bank loans at seven percent interest rate.

Meanwhile, in a bid to draw government’s attention to the dearth of infrastructures in the country, Cowries’ Partners, a team of commercial lawyers is organising an international conference on the issue.

The group aims to create enabling environment for foreign companies to invest in the country’s infrastructural development. Speaking with The Guardian in Lagos, on the event scheduled for Eko Hotel and Suite today, the coordinator, Afolabi Ojosu said the conference is in partnership with UK Trade and Investment, Oxford Business Group, Ikeja Electricity Distribution Company, MOMAS Engineering, Wole Olanipekun and Co., amongst others.

Speakers expected are; Minister of Transportation, Rotimi Amaechi, Minister of State for Power, Works and Housing, Mustapha Baba Shehuri, Acting British High Commission/Director UK Trade and Investment, Ahmed Bashir and others.

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Audu Ogbeh
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