Nigeria seeks investors for climate-smart agriculture growth
The Federal Government is urging investors to collaborate with Nigeria to unlock its agricultural potential and address the challenges posed by climate change. Abubakar Kyari, Minister of Agriculture and Food Security, highlighted the urgent need for climate-resilient farming and increased private sector participation. He noted that agriculture remains a major employer and contributor to Nigeria’s economy but faces significant risks from droughts, erratic rainfall, and other climate impacts. The government has introduced several initiatives and reforms to attract investment and modernise the sector.
TLDR
- Abubakar Kyari called for collaboration with investors, financial institutions, and development partners to build a resilient food system and expand sustainable agriculture.
- He stated that agriculture employs nearly 70% of Nigeria’s labour force and contributes over 24% to the country’s GDP.
- The minister warned that climate change, including droughts and flooding, threatens food security and productivity.
- Initiatives include distributing solar-powered irrigation pumps, developing climate-resilient seed systems, and launching the National Agricultural Mechanization Programme.
- Institutions like the Bank of Agriculture and the National Agricultural Land Development Authority are being restructured to attract private investment and reduce risks.
