The private sector has unveiled a pioneering investment fund aimed at revolutionising Nigeria’s agricultural landscape and enhancing food security.
The initiative is a private sector-led Large-Scale Agribusiness Financing Programme, presented to the Federal Government as a collaborative effort to achieve food sovereignty through substantial investment in industrial agriculture.
At a high-level meeting with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the CEO of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, held in Abuja, KPMG and private sector operators outlined an investment fund model designed to mobilize large-scale financing for the production and processing of critical crops, including oil palm, rice, maize, cassava, sugar, and soybean.
The proposal aligns with the administration’s vision to reduce Nigeria’s £3 billion annual food import bill by expanding mechanized farming, strengthening local refining capacity, and enhancing food security.
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It emphasizes private sector participation, transparency, and scalability.
Edun and Dr. Takang welcomed the initiative, reaffirming the government’s commitment to collaborating with the private sector to unlock investment and drive sustainable agricultural transformation.
Mohammed Manga, Director of Information and Public Relations, stated that as Nigeria takes bold strides toward achieving food sovereignty, this innovative partnership between the private sector and the government marks a significant milestone in the country’s journey toward a more sustainable, self-sufficient, and prosperous future.
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