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 2020View entire presentation