The Chief Executive Officer of the Ministry of Finance Incorporated (MOFI) has urged both public and private stakeholders to ramp up investments in Nigeria’s agricultural sector. Speaking at the Integranium Investment Forum on Crop Farming in Abuja, the CEO emphasized the urgent need to strengthen the agricultural value chain from production to export.
With the theme “From Seed to Shipment: Redefining the Crop Farming Value Chain,” the forum highlighted MOFI’s efforts to transform the sector through strategic partnerships with institutions such as the Bank of Agriculture, the Bank of Industry, and PFI-NPK. These collaborations, the CEO explained, are key to delivering long-term growth, job creation, and national food security.
“Food security is national security,” he noted, stressing the need for Nigeria to build stronger domestic capacity by investing in infrastructure, implementing effective policies, and developing human capital.
MOFI’s Executive Director of Investments emphasized the need for food sovereignty, where Nigeria can not only meet its local demand but also produce a surplus for export. However, he noted that the absence of an effective traceability system continues to hinder Nigeria’s export competitiveness. MOFI, he said, is working to establish global-standard systems through international partnerships.
The Director General of the Nigeria Governors’ Forum also reinforced agriculture’s central role in poverty alleviation, explaining that growth in this sector is significantly more effective at reducing poverty than growth in other sectors.
The forum concluded with a call for deeper collaboration between the government, private sector, and development partners to unlock Nigeria’s agricultural potential and drive inclusive and sustainable economic growth.
