The Federal Government has reaffirmed its commitment to creating a conducive environment for private sector-led investments, particularly in agriculture, as part of efforts to boost economic growth and ensure food security.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, gave this assurance in Abuja during a meeting with Mr. Anil Nair, the Managing Director of Olam Agri, a subsidiary of the Saudi Agricultural and Livestock Investment Company (SALIC).
Director of Information and Public Relations, Muhammed Manga quoted Edun yo have emphasized the government’s dedication to facilitating private investments through initiatives such as the construction of rural farm roads and the establishment of strategic grain reserves.
The minister commended Olam Agri’s contributions to Nigeria’s agribusiness sector, noting that such investments align with President Bola Ahmed Tinubu’s broader economic diversification agenda.
In his remarks, Mr. Anil Nair highlighted Olam Agri’s plans to leverage emerging opportunities in Nigeria’s agricultural sector. Discussions centered on increasing investment in fertilizer production, expanding irrigation support, and developing processing facilities to enhance local value addition.
“These investments will significantly boost agricultural productivity, improve supply chains, and help drive down food prices,” Nair stated.
Olam Agri, a major player in Nigeria’s agribusiness sector, continues to deepen its engagement with key stakeholders to explore strategic investments that will unlock new growth opportunities.
The Federal Government’s ongoing commitment to fostering private sector participation in agriculture is expected to enhance food production, improve the livelihoods of farmers, and contribute to overall economic stability.