Blumberg Grain was recently featured in a WorldStage News article titled Staple Crop Processing Zones to add N1.4tri to Nigeria’s economy- Minister in which Nigeria’s Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, discussing the state of the economy and agriculture in Nigeria. An excerpt follows:
The minister explained that the number of seed companies grew from 11 to 77 in two years with investment from the private sector.
He said, "The input sector agribusinesses are expanding rapidly. The number of seed companies grew from 11 to 77 within two years. Syngenta, Monsanto and Dupont, the three largest seed companies in the world have committed to establishing seed companies in Nigeria due to our successes with the agribusiness approach. The success of the Growth Enhancement Scheme has led to the emergence of over 3,000 small and medium agribusinesses in input supply chain all over the country.
"Local fertilizer manufacturing and blending capacity has significantly expanded, with $5 billion in new investments. To fix the storage segment for all value chains, the Ministry of Agriculture and Rural Development attracted Blumberg, one of the largest manufacturers of warehouses in the world, to commit to using Nigeria as the regional hub for manufacturing warehouses in West Africa.
"The Nigeria Agribusiness Group is a high powered organized private sector group comprised of all value chain stakeholders, from the input suppliers to aggregators, food processors, marketers and consumers. The group will help to ensure that the ongoing reforms of the agriculture sector are protected and sustained. They will also work closely with the government to improve further the business environment for agriculture."
To read the full article, click here. For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment