Investor Presentaiton slide image

Investor Presentaiton

Industry developments in the agriculture sector in 2019 In a bid to reduce the pressure on foreign reserves, the FG instructed the CBN to stop granting foreign exchange for milk importation. In similar manner, the CBN also directed DMBs to stop providing credit guarantee to milk importers Forex on food and milk importation The CBN signed two MoUs with the intention of providing loans of N19.18 billion to 9 cotton-producing companies. The first agreement was signed between National Cotton Association of Nigeria and Ginning companies, while the second was between Nigeria Textile Manufacturing Association, among others Signing of MoU to boast cotton production The partial closure of Nigeria's land border was one of the major steps taken by the FG in 2019 to discourage unlawful importation, mainly from Niger and Benin Republic. Border closure . In January 2020, USAID launched a US$60 million co-investment fund to stimulate economic growth in Nigeria, with special preference for the agricultural sector to drive the growth of non-oil based sector In the same period, Turkish government has planned to invest US$15 million in Nigeria's agricultural sector in two years New Investments in Nigeria's agricultural sector https://agra.org/wp-content/uploads/2018/10/AASR-2018.pdf Unlocking productivity across Nigeria's agribusiness value-chain PwC https://www.tralac.org/images/docs/10154/nigeria-agriculture-promotion-policy-2016-2020.pdf February 2020
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