Blumberg Grain was recently featured in Vanguard in an article titled Agric attracts $9bn investments — Adesina, which announced that Nigeria's agricultural sector attracted $9 billion investments from local and foreign business groups in the last two years. An excerpt follows:
Dr. Akinwumi Adesina, Minister of Agriculture and Rural Development, disclosed this at a chat with media executives in Abuja, on the newly established Executive Leadership of Nigerian Agribusiness Group.
"We have received a total of over $4 billion in executed Letters of Intent (LOIs) for investments by 30 private sector agribusinesses. We have established relationships with over 150 agribusinesses in Nigeria.
"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," he said.
To read the full article, click here. For more news and information visit Blumberg Capital Partners.
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