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NABG: Driving Sustainable Agriculture in Nigeria

The Nigeria Agribusiness Group (NABG) is a non-profit organization representing the interests of stakeholders in the agricultural value chain. Our mission is to promote inclusive and sustainable agribusiness across Nigeria and beyond. We work with government agencies, development partners, and civil society organizations to strengthen ties, facilitate trade and investments, and enhance competitiveness in the agriculture sector. Join us in driving the growth and development of agriculture in Nigeria.

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NABG: Driving Sustainable Agriculture in Nigeria

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  1. INTRODUCTION TO NABG OVERVIEW OF THE NIGERIA AGRICULTURE SECTOR President NABG/ Vice President Dangote Group of Company At The 2nd African Farming Agribusiness Summit Abuja, Nigeria 27-28 August, 2019

  2. WHO WE ARE A Non-Profit Organisation An Association of Associations A Unified Voice Representing the Interests of Private and Public Sector Stakeholders in the Agriculture Value Chain Including Small, Medium & Large Farmer Groups & Farmer Cooperatives

  3. The Nigeria Agribusiness Group (NABG Associate) is an organised private sector platform for all agriculture and agribusiness associations in Nigeria, engaging government in setting policy directions by working with Ministries, Departments and Agencies (MDAs), Development Partners and Civil Society Organisations (CSO’), etc. Its inclusive demand–driven approach to issue resolution cuts across the entire agriculture value chain from input to output markets, from smallholder farmers, youths and women to logistics and agricultural equipment manufacturers and suppliers, from food processing, packaging and marketing to agro-processing, marketing and distribution, from consumer insights and new product development to marketing and food research consultancy, from Communications and Publicity to Universities and Research Institutions, etc. NABG identifies, articulates and proffer solution options to resolve issues through strategic partnerships with governments and strategic advocacy for change.

  4. WHO WE ARE MISSION Our mission is to become the association for the development and growth of all inclusive and sustainable agribusiness across Nigeria and beyond. VISION Our vision is to enable the development and implementation of policies and initiatives that enhance the competitiveness of the entire agribusiness value chain, ensure food security and nutrition for all Nigerians and across Africa and beyond.

  5. Engaging The Private and Public Sectors In Setting Policy Direction And Institutional Reforms To Facilitate Trade And Investments In The Agriculture Value Chain WHAT WE DO

  6. Strengthening Ties Across Africa And The World At Large To Promote Bilateral Trade & Investments – This Started With Launch Of Kenya-Nigeria Agribusiness Forum , Followed By Agribusiness Partnership with France ADEPA and Netherlands Top-Sector Agrofoods both in 2016 as well as Cooperation Agreement with GrowAfrica in 2017 WHAT WE DO

  7. In an effort to ensure proper coordination and to facilitate timely interaction between the various multi-interest agricultural groups/associations and the relevant public sectors, in partnership with the Federal Ministry of Agriculture & Rural Development (FMARD), we lunched the Agribusiness Inter-Ministerial Working Group in August 2015Aim is

  8. OVERVIEW OF AGRICULTURE IN NIGERIA ROLE OF AGRICULTURE IN THE AFRICA ECONOMYAGRICULTURAL TRADE & NIGERIA’S GDP AGRICULTURAL LAWS AND REGULATIONS INVESTMENT OPPORTUNITIES IN NIGERIA

  9. By 2050, Nigeria, currently the world's seventh most populous country, will rise tothe fourth spot with an estimated 397 million people. Demand for food will keepincreasing, requiring sustained improvements in agricultural productivity Nigeria has huge agricultural potential. With over84 million hectares of arable land, of which only 40% is currently cultivated, a population of 170 million people (the largest in Africa), 279 billion cubic meters of water and a largely untapped irrigation system with 3 of the 8 river systems in Africa. With abundant and reliable rainfall in over two thirds of its territory, the country has some of the richest natural resources for agriculture production in the world. Unsurprisingly, the country used to be a major player in the global agriculture market, as the world’s largest producer of groundnuts and palm oil and the second largest exporter of Cocoa in the 1960s.

  10. Nigeria’s Agriculture Sector Has Been Identified As Critical To Diversifying The Economy Away From Dependence On Crude Oil AGRICULTURE CONTRIBUTION TO GDP IN NIGERIA GDP From Agriculture in Nigeria decreased to 3597916.08 NGN Million in the first quarter of 2019 from 4978775.48 NGN Million in the fourth quarter of 2018. GDP From Agriculture in Nigeria averaged 3832973.14 NGN Million from 2010 until 2019, reaching an all time high of 5288339.21 NGN Million in the third quarter of 2018 and a record low of 2594759.86 NGN Million in the first quarter of 2010. (source: Trading Economics)

  11. Agriculture contributed 24.44% to nominal GDP in Q2 2019. (Source: National Bureau of Statistics) Agriculture is Key to creation of new jobs opportunities and for lifting millions of smallholder farmers out of poverty Increase in agriculture production and the rise in the per-capita income of the rural community, together with the industrialization and urbanization, leads to an increased demand in industrial production OPPORTUNITIES EXIST IN: Crop production Value Addition & Food Processing and Preservation Building Agriculture Infrastructures Agricultural inputs supplies and machinery, water resources development especially for flood control infrastructure and irrigation. Commodity trading & Agro-Logistics Development and fabrication of appropriate small-scale mechanized technologies for on-farm processing and secondary processing of agricultural produce. Livestock and Fisheries production 

  12. Measures Adopted in Growing the Agriculture Sector in Nigeria • Expanding market access through the Nigeria Expanded Trade and Transport Project (NEXTT). The NEXTT Project, run by USAID, has focused on increasing business opportunities along the Lagos-Kano-Jabiya corridor, Nigeria’s most important internal transport route. The project has taken practical steps to increase traffic flow along the route, which suffers from chronic congestion. • Nigeria also recently signed the ACfTA. Increasing the trade of higher value manufacturing goods through the AfCFTA will help African nations diversify their exports and build more resilience to price fluctuations. • Securing credit for farmers: Anchor Borrowers’ Program (ABP) and capitalization of Nigeria’s Bank of Agriculture. The Nigerian government has undertaken several promising initiatives intended to stimulate and increase the flow of credit to farmers, both large and small. The Anchor Borrowers’ Scheme, introduced in 2015 by the CBN, has tried to incentivize domestic production of rice and wheat, two agricultural commodities that have traditionally been imported in huge quantities. The ABP seeks to incentivize smallholder production by providing loans of up to 250,000 Naira (equivalent to $800 at the time of publication) 23 at competitive rates of interest (9 percent per year), to be used to buy agricultural inputs. In addition to advancing credit, the ABP seeks to link farmers to processors, such as rice millers, to ensure that producers have a guaranteed market for their product. • Other initiatives to extend credit to farmers include the decision, in December 2016, to recapitalize the state-run Bank of Agriculture with 1 trillion Naira with the objective of extending loans to 25 million farmers at interest rates fixed at a ceiling of 10%. • Reducing postharvest loss and advancing credit through warehouse receipts. Another approach to increasing farmer access to credit while addressing the very high levels of postharvest loss has been to develop an electronic warehouse receipt scheme. • Repurposing the agriculture sector to address food security and poor nutrition: developing domestic production of Ready-to-Use Therapeutic Food (RUTF) and high energy biscuits. Currently, none of the specialist food products that international humanitarian organizations are procuring for the relief effort can be sourced within Nigeria. Nigeria is well-placed to develop these specialty products because it already produces their key ingredients, which include wheat, peanuts, soy, and palm oil. What is missing are the integrated value chains that allow these products to be grown and processed in sufficient quantities, at a competitive price. We welcome investors as must grow this market

  13. AFRICA – NIGERIA: LAND OF ENDLESS POSSIBILITIES INVEST IN NIGERIA, INVEST IN AFRICA INVEST IN THE LAND OF ENDLESS POSSIBILITIES www.nabg.org

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