Blumberg Grain was featured in a WorldStage News article this month titled Blumberg Grain to invest $250m in grain storage in Nigeria. An excerpt follows:
Blumberg Grain, a global investment firm has indicated plans to invest $250 million in grain storage in Nigeria.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala who disclosed this in Washington DC at the on-going International Monetary Fund (IMF) and the World Bank Group meetings, said the firm is working with the Minister of Agriculture and had sent a team to the country.
She said, “They want to make Nigeria the hub for grain storage and cold storage in Africa for agriculture logistics, and they want to invest $250 million. They have their team, but the fact that we have the largest economy in Africa, is making them feel that this may be the place to make the hub.”
She said the World Bank and the IMF had agreed to create a Social Protection Programme to address the issue of growth and job creation for Nigeria and some other developing countries at the bottom end of the development ladder.
To read the full article, click here. For more news and information visit Blumberg Capital Partners.
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