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Published On: Tue, Jul 29th, 2014

2015: FG to attract critical investment into Nigeria

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akinwunmi-ayo-adesinaBy Mohammed Kandi

Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, on Thursday, said that Nigeria will attract critical investments into the country at the 2015 Milano Expo.

Dr. Adesina disclosed this when he received the Italian Ambassador to Nigeria, H.E Fulvio Rustico and a four-member delegation from the Milano 2015 Expo, in Abuja.

In a statement by Director of Information in the Ministry, Tony Ohaeri said, “Nigeria will participate because 65% of the arable land to feed the 9 billion people in the world is in Africa”.

He said Nigeria was planning to be a global player in the food world, having observed the challenges globally in terms of food security. Adesina also stressed the need to drive agriculture in a new way to

unlock Nigeria’s potentials saying that, over $5billion had been invested into fertilizer production by the private sector and Nigeria hopes to turn out over 5.9 metric tonnes of fertilizer every year,

starting from 2015. The minister explained that, “there is the need to promote the country’s agro-allied industries, identifying Nigeria’s potential in the exportation of shell fish and shrimps. He said there are

challenges locally in terms of food and nutrition.” “Agro-Business Group should play a central role at the Milano Expo, while also requesting for the participation of the Financial Services

Group. “The private sector is key to the success of the country’s participation at the expo, since it is the objective of the Federal Government to drive the Nigerian Agriculture through the organized

private sector,” he said. He further stated that, “there is the need to project the Staple Crops

Processing Zones (SCPZ) at the expo, saying that key State Governments would be involved, especially States’ Commissioners for Agriculture, under the Public-Private Partnership (PPP) Structure.” Earlier, the Ambassador of Italy in Nigeria, Fulvio Rustico, who described Nigeria as “Super-Power” in the area of agriculture, informed that the country’s presence at the even in 2015 Expo was fundamental.

According to Mr. Rustico, “the participation of Nigeria at the expo, provides a platform for the country to come and present her experience in agriculture, since they are convinced that Nigeria could make a difference.”

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