Nigeria targets Agriculture as a Major Strategy for Economic Diversification

Jennifer Inah

0 318

The Nigerian government says it welcomes more foreign direct investments in renewable energy,  Agriculture and Horticulture sectors.


Minister of State for Industry Trade and Investment, Amb Maryam Katagum while speaking to a Trade delegation of the Kingdom of the Netherlands in Abuja said:
Improving the Nigerian economy places a high premium on increasing agricultural investments and fostering the expansion and viability of small and medium-sized businesses.


“To create wealth, Agriculture has been among the keen measures for this present Administration, and we are prioritising agriculture in terms of the available incentives,” she said.


The Minister disclosed that Nigeria under the present administration has championed the development of Micro Small and Medium enterprises (MSMEs) to diversify the economy from oil to non-oil sectors.


She stated that as a result, the Federal Government has set up Free Trade Zones, have MSMEs Clinics and is working with the  Private Sector which is the engine of the economy.


Amb. Katagum assured the delegation that Nigeria is open to collaborations and urged them to investigate the e-commerce and digital economy which is presently increasing the Gross Domestic Profit (GDP) of the economy.


The Director, Sustainable Economic Development/Ambassador for Business and Development of Ministry of Foreign Affairs of the Kingdom of the Netherlands, Mr. Steve Collet said the delegation seeks a joined Investment Partnership with focus on the Youth, Agriculture and Education while hoping that this visit will help to refresh the 2010 Memorandum of understanding (MOU) between Nigeria and the kingdom of Netherlands.




Leave A Reply

Your email address will not be published.