Return on Investment in Agribusiness

Agricultural and Rural Management Training Institute (ARMTI) Acting Executive Director,Dr Olufemi Oladunni said the  rate of return on investment (RoI) is higher in Nigeria  for  global firms exploring opportunities in the agric sector.

According to him, more investment is required if the nation’s agric sector is to provide food to meet rising consumption.

He stressed the need for foreign investment to come to develop agribusinesses, working with local farmers to improve yields and buying their crops.

He explained that there are challenges such as lack of infrastructure, low-quality seeds and fertiliser, adding that the involvement of global firms will help the industry overcome

some of these issues.

Stakeholders have expressed concerns that foreign Direct Investment (FDI) into the nation’s agriculture sector remains limited despite the industry’s vast potential to develop.

Source: The Nation

1 thought on “Return on Investment in Agribusiness”

  1. About About Media Pure Harvest Smart Farms (the “Company”), the region’s leading tech-enabled agribusiness, announced today it has secured a multi-stage investment commitment valued at over USD $100 million with Wafra International Investment Company (“Wafra”), a wholly owned subsidiary of The Public Institution for Social Security, making it the largest-ever agriculture technology investment in the MENAPT region. In connection with the investment in Pure Harvest Smart Farms, Ghazi Al-Hajeri, CEO of Wafra, will join Pure Harvest’s Board of Directors.

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