Nigeria: Chinese firm to invest $50m in Agriculture sector

A Chinese firm, Chinese Green Industry Company to invest $50 million in Nigeria’s agricultural sector through partnership with Nasarawa State-based farmers’ group, Nigerian Farmers Group and Cooperative (NFGCC).

This was made known by a consultant and representative of the Chinese firm, Li Jian, after a visit to the NFGCS Managing Director, Mr Reston Tedheke, who also doubles as the National Coordinator of the group.

Jian said the firm will invest in warehousing, dairy, machinery upgrade, improved seedlings, and animal feed, across the value chain.

“I have seen what you have here and we are going to take the project in phases. This will depend on the area of interest.

“I will talk with partners from Japan, Korea and India. The money is not the issue but how they can be properly utilized,” she said.

On his part, the Managing Director of NFGCS, expresses optimism in the prospects of this partnership.

According to him, the collaboration would create more job opportunities for locals; seeing that Nigerian-Asian partnerships have always yielded great results.

MTO/AgroNigeria