FG Says Nigeria Ready to Leverage Advanced AgriTech, Woos Investors

The Federal Government has expressed readiness to leverage advanced technologies to revolutionise Nigeria’s agricultural value chains, particularly across commodities where the country has comparative advantages.

Minister of State for Agriculture and Rural Development, Hon. Mustapha Baba Shehuri, restated the commitment of the government while giving a keynote address at the 2020 Global AgriTech Summit which was held virtually on Wednesday.

The Summit is a professional agriculture conference dedicated to the local and international industry stakeholders to explore the business opportunities and showcase the technologies available in improving practices and processes in the sector.

Shehuri declared that the government was determined to see that the country’s agricultural system use more enhanced technologies to boost production, notably citing the use of drone technologies.

According to the minister, Nigeria holds a unique position as the biggest market in Africa’s food supply chain, capable of attracting potential investments in the sector.

He urged investors to take advantage of the opportunities that the country’s agricultural hub presents for high yielding investments within the shortest period.

“We are anxious to see the Nigerian agricultural system that will use more of the drone technology and other enhanced technologies to boost production in all the commodities value chain of comparative advantage.

“We are ready to participate and deploy technology to assess the fertility of the soil to determine its suitability and indeed forecast the harvest for any particular production enterprises including livestock and fisheries.

“The use of drones for technologically driven precision farming to determine the critical moisture needs and fertiliser requirement to optimise our production and yield [is an example].

“These are untapped areas within the agricultural sector that should attract investment without further delay.

“The era of precision farming is around, there is no doubt that the drone plays an essential role that will take farming to a new level in a cost-effective way.

“Nigeria is prepared, the market is large, and the environment is right and more importantly there is the political will to partner with investors in agric technologies to revolutionize agriculture,” Shehuri said.

Against this backdrop, the minister stated that the Federal Ministry of Agriculture and Rural Development has set its sight on achieving food security, economic diversification and job creation for inclusive growth, with agriculture at the crux.

He, therefore, assured that the government was opening to partnering with the Global Agriculture Technology as well as private investors on achieving its food security mandate.

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