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Agribusiness Dealroom launched in Abuja

The Agribusiness Dealroom of the Africa Green Revolution Forum (AGRF) Summit has been launched in Abuja.

This comes against the backdrop of the United Nations Food Systems Summit (UN FSS) in New York, United States where the world’s leaders convene to review the progress towards the achievement of the Sustainable Development Goals, notably the eradication of hunger and poverty.

The workshop entitled:  “Strengthening and sustaining resilient food systems in Nigeria,’’ brought together leaders from various agricultural organisations, private sector firms and farmer groups to share ideas, initiatives and investments for the transformation of Africa’s food systems

Minister of Trade and Investment, Otunba Niyi Adebayo, expressed commitment of the ministry to participate in the AGRF Summit in Nairobi, Kenya with the theme: “Pathways to recovery and resilient food systems”.

Adebayo, who was represented by his Special Assistant, Collins Omokaro, said Nigeria is open for business, adding that the ministry presenting opportunities in palm oil and cassava sector.

According to him, “There are also many opportunities for Micro, Small and Medium-sized Enterprises (MSMEs) to participate in the Dealroom, which could introduce them to assets for the growth of their business.

The Agribusiness Dealroom Lead at the Alliance for a Green Revolution in Africa (AGRA), Mumbi Maina, urged investors to engage to capitalise opportunities in the Dealroom.

However, Country Director, Heifer International Nigeria, Rufus Idris, said the event was important for bridging the gaps in Africa’s food systems.

“We need SMEs to come up with ideas that will make agriculture more productive and more competitive. The government can help by developing policies and infrastructure that make the cost of production competitive,” he said.

Also, Senior Manager, Sahel Consulting, Agbara Chinedu said: “As an SME you need to understand and target your pitch to the kind of investor you want. Next, is for you to prepare a pitch deck that should be straightforward and simple, and must include the problem being addressed, its solution, size of the market, your team and track record.

The AGRF is the premier forum for African agriculture, bringing together stakeholders in the agricultural landscape to take practical actions and share lessons that will move African agriculture forward.

He urged participants to return to their states with a letter on data collation for their governors. He said in a situation where they find it difficult to gain access to the right people in the state, they should revert to the Commission so they could be helped.

“The government has been very supportive, if we do not use this opportunity to build ourselves again, then we have ourselves to blame. We must all work in truth and absolute integrity to achieve our goal,” he said.

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