In efforts to boost self sufficiency and food security, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), is encouraging the provision of more incentives for investments in commercial agriculture.
This, the Chamber believes will foster the achievement of the Federal Government’s Economic Recovery and Growth Plan (ERGP), which implementation is widely regarded as key to the economy’s full exit from recession.
To this end, NACCIMA, in collaboration with the Federal Ministry of Agriculture and Rural Development (FMARD), the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), and the Infrastructure Concession Regulatory Commission (ICRC), are set for the NACCIMA Agri-Agro Summit 2017.
To streamline such incentives, the Chamber has also identified high-impact yield agricultural projects that should qualify for foreign loans, with capacity for job creation and foreign exchange earnings, and positively enhance Nigeria’s non-oil export commodities.
The Summit to be chaired by Dr. Pascal G. Dozie, CON; and organised by Kunoch Limited, will focus mainly on ways and means for policy clarity, and government’s support for stakeholders interested or already involved in commercial farming.
Policy dialogue between the private sector and the Federal Ministries of Agriculture; Water Resources; Trade and Investments and related departments and agencies, will also attract the heads of financial service providers for guidance on how to access foreign and local financial windows for farmers.
The Summit will set the tone for the utilisation of agriculture as an engine for economic growth, and job creation through innovative business models, new technologies and key foreign partnerships.
Furthermore, the organisers said the post-Summit coalition secretariat will provide a platform to explore new markets agricultural produce including cotton-textile-garment, and integrated projects in the areas of piggery, cow-dairy, cow-beef, poultry for eggs, poultry meat processing, turkey-poultry for meat processing, oil palm, tilapia fish, and banana.
Others are commercial corn and soybean, and commodity market for fresh vegetables and fruits, adding, “These Greenfield projects shall collectively revamp the Nigerian economy from its present state, over the next five to seven years, with enormous opportunities.”
Ahead of the October 26 to 28 gathering at the International Conference Centre in Abuja, the Summit will also host a breakfast meeting with diplomats in Lagos on September 12th at the Eko Hotel and Suites.
Source: G Business