FG outlines reforms to boost investments in agrifood systems

The Federal Government has outlined a series of key reforms and programmes aimed at deepening private sector participation in Nigeria’s agricultural sector and strengthening food security across the Sahel region.

Speaking during a high-level panel discussion at the FAO Hand-in-Hand Sahel Regional Initiative held in Rome, Italy, Minister of Agriculture and Food Security, Senator Abubakar Kyari, highlighted the government’s strategic actions designed to attract sustainable investments and accelerate agrifood transformation.

He listed key initiatives to include the National Agrifood System Investment Plan (NASIP), which is being upgraded into a National Public–Private Investment Portal, a transparent digital platform that will showcase bankable opportunities in mechanization, irrigation, storage, processing, logistics, and digital agrifood services.

He also announced streamlined investment incentives, including targeted tax and import duty reliefs to encourage private investment, alongside risk-sharing facilities developed in partnership with international development organizations.

Kyari further disclosed that the government is scaling up the Special Agro-Industrial Processing Zones (SAPZ), Africa’s largest such initiative from eight to 27 states to provide integrated infrastructure and reduce operational costs for agro-processors.

Additionally, the Nigeria Postharvest Systems Transformation Programme (NiPHaST) is being implemented to curb the N3.5 trillion lost annually to postharvest inefficiencies through improved storage, cold chain, and warehousing systems.

He said: “Strategic and robust public-private collaboration will drive increased production and innovation, create an enabling environment, and deliver better-quality investments in agrifood systems across the Sahel region.”

He stressed the importance of strong institutions, innovative financing, and smart governance in unlocking the potential of farmers, processors, and small businesses, noting that “the pathway to upscale is to implement a laudable agenda. Implementation is not an abstract. It requires due diligence, smart governance, and unwavering political will.”

Kyari reaffirmed the Ministry’s resolve to translate policies into action, adding that the Ministry will be committed to the hard, practical work of aligning policy with possibility; of turning investment promises into concrete projects that create jobs, feed families, and empower communities; of ensuring that the Hand-in-Hand Initiative delivers measurable, lasting transformation for Nigeria’s agrifood systems.”

He assured that under the leadership of President Bola Ahmed Tinubu, the government remains steadfast in creating an enabling environment for both local and foreign investors.

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