Nigeria: Transforming Agribusiness through Investment
AGENDA
TRADE EXHIBITION OCCURRING THROUGHOUT THE PROGRAM
7:30 am – 9:00 am Arrival and Registration
Continental Breakfast
9:00 am – 9:10 am Welcoming Remarks
• Stephen Hayes, President and CEO, The Corporate Council on Africa
• Ade Adefuye, Ambassador to the United States, Federal Republic of Nigeria
9:10 am – 9:20 am Opening Remarks by Nigerian Minister of Foreign Affairs
• Olugbenga Ashiru, Minister of Foreign Affairs, Federal Republic of Nigeria
9:20 am – 9:30 am Introduction by U.S. Department of Agriculture
• Darci Vetter, Deputy Under Secretary for Farm and Foreign Agricultural Services, USDA
9:30 am – 10:30 am Keynote: Nigeria’s Agricultural Transformation Agenda
with Question and Answer from Audience
• Dr. Akinwumi Adesina, Minister of Agriculture, Federal Republic of Nigeria
In the 1960’s, Nigeria was the breadbasket of West Africa, as a major producer and
global exporter of groundnuts, palm oil, cocoa and cotton valued at more than $10
billion. Today, with agricultural productivity levels waning, Nigeria relies on food
imports to feed Africa’s most populous nation and the estimated 10 million in its
growing middle class. Nigeria is currently a major importer of wheat, rice, sugar and fish
amid unstable and rising global food prices, which burdens the economy.
This keynote address from Nigeria’s Minister of Agriculture, Akin Adesina, will
explore the current Nigerian administration’s efforts to recapture its status as a leading
agricultural producer and exporter through the Agricultural Transformation Agenda.
Minister Adesina will describe the regulatory framework and incentives being put in
place to attract investment to Nigeria’s agricultural value chains and to modernize the
agricultural sector.
10:30 am – 10:40 am Networking Break
10:40 am – 12:00 pm Panel 1: Nigeria’s Agribusiness Investment Climate and Financing Framework
The agricultural sector is one of Nigeria’s largest employers amid a rapidly growing and
dynamic economy. Following the model of other governments that have invested heavily in
agricultural development, Nigeria plans a major infusion of capital to augment private
sector and international financial institution funding. Through the Nigerian Incentive-based
Risk Sharing for Agricultural Lending program the Nigerian government intends to remove
risk within targeted value chains and stimulate $3 billion in agricultural lending.
High-level public and private sector representatives on this panel will discuss the current
state of Nigeria’s agribusiness investment climate and financial mechanisms being put
into place to attract finance to Nigeria’s agriculture sector in support of the Transformation Agenda.
• Remarks by Ambassador Adefuye on behalf of Olusegun Aganga, Minister of Trade and Investment, Federal Republic of Nigeria
• Elizabeth Ebi, Managing Director, Future View Financial Services Limited
• Jacques Taylor, Head, Special Finance, Stanbic IBTC Bank Plc
• Lamido Sanusi, Central Bank Governor, Federal Republic of Nigeria
• Rick Angiuoni, Regional Director, Export-Import Bank of the United States
• Robert Orya, Managing Director, Nigerian Export-Import Bank
• Foluso Phillips, Chairman, Nigerian Economic Summit Group
12:00 pm – 1:00 pm Networking Lunch
1:00 pm – 2: 15 pm Panel 2: Success Stories from the Private Sector
Bolstered by an improving business climate and increasing incentives from the
Nigerian government, global agribusinesses are already harvesting the rewards of
investment in Nigeria’s agricultural sector. A key pillar of the Agricultural
Transformation Agenda tailored toward private sector-led agricultural growth is the
establishment of multiple Staple Crop Processing Zones to attract investment to Nigeria’s
strategic agricultural value chains and to ramp up processing capacity across the country.
This panel will look at examples of companies that have already accessed governmental
incentives to invest in Nigeria’s agricultural sector. Panelists will share their experience
achieving success by describing challenges overcome, best practices and opportunities
for investment and partnership.
• Calvin Burgess, CEO, Dominion Farms
• Daniel Atsu, Group Managing Director, Obasanjo Holdings Limited
• Nuradin Osman, Managing Director, Africa & Middle East Operations, AGCO Corporation
• Scott Wallace, Nigeria Country Representative, IFDC
• Chief Temitope Ajayi, CEO, Nigeria-American Agricultural Empowerment Program
• Funke Osibodu, CEO, Union Bank
• Tony Carroll, Vice President, Manchester Trade (moderator)
2:15 pm – 3:30 pm Panel 3: Agribusiness Investment Opportunities and Projects in Nigerian States
The Nigerian Government’s Agricultural Transformation Agenda is an all-encompassing
initiative seeking to create real, national growth for more than 20 million farmers by
2020. Each state plays its own crucial role in realizing transformative change and,
depending on the topography, features different priority value chains. The
Transformation Agenda targets large-scale rice and cassava growth across each
geopolitical zone in Nigeria, with regional opportunities in cotton, onion, tomato,
sorghum, livestock, fisheries, maize, soybean, palm oil and cocoa.
The four governors on this panel will provide snapshots into the priority crops within his or her respective state,
highlighting investment incentives for private sector representatives and opportunities for partnership. Further
information on opportunities within each state are on display throughout the forum, in the exhibition hall.
• Governor Chibuike Rotimi Amaechi, Rivers State, Federal Republic of Nigeria
• Sam Daibo, Deputy Project Director – Partnership Initiatives in the Niger Delta, Chevron Nigeria Limited
• Governor Patrick Ibrahim Yakowa, Kaduna State, Federal Republic of Nigeria
• Governor Kayode Fayemi, Ekiti State, Federal Republic of Nigeria
• Evelyn Oputu, Managing Director, Bank of Industry
• Robin Sanders, Former United States Ambassador to Nigeria (moderator)
3:30 pm – 3:45 pm Networking Break
3:45 pm – 5:00 pm Panel 4: Agribusiness Investment Opportunities and Projects in Nigerian States
The Nigerian Government’s Agricultural Transformation Agenda is an all-encompassing
initiative seeking to create real, national growth for more than 20 million farmers by
2020. Each state plays its own crucial role in realizing transformative change and,
depending on the topography, features different priority value chains. The
Transformation Agenda targets large-scale rice and cassava growth across each
geopolitical zone in Nigeria, with regional opportunities in cotton, onion, tomato,
sorghum, livestock, fisheries, maize, soybean, palm oil and cocoa.
The four governors on this panel will provide snapshots into the priority crops
within his or her respective state, highlighting investment incentives for private
sector representatives and opportunities for partnership. Further information on opportunities
within each state are on display throughout the forum, in the exhibition hall.
• Governor Idris Wada, Kogi State, Federal Republic of Nigeria
• Governor Abdulfatai Ahmed, Kwara State, Federal Republic of Nigeria
• Commissioner of Agriculture, Ondo State, Federal Republic of Nigeria
• Oby Ezekwesili, Vice President, Africa Region, The World Bank (moderator)
5:00 pm – 6:00 pm Panel 5: Success Stories from the Private Sector|
Bolstered by an improving business climate and increasing incentives from the
Nigerian government, global agribusinesses are already harvesting the rewards of
investment in Nigeria’s agricultural sector. A key pillar of the Agricultural
Transformation Agenda tailored toward private sector-led agricultural growth is the
establishment of multiple Staple Crop Processing Zones to attract investment to Nigeria’s
strategic agricultural value chains and to ramp up processing capacity across the country.
This panel will look at examples of companies that have already accessed governmental
incentives to invest in Nigeria’s agricultural sector. Panelists will share their experience
achieving success by describing challenges overcome, best practices and opportunities
for investment and partnership.
• Dijemi Owofemi, CEO, Multi-Trex Integrated Foods
• Timothy Prewitt, Executive, U.S. Markets
• Akin Sawyer, ALTS Consulting (Horticulture)
• Jude Uzonwanne, Nigerian Incentive-based Risk Sharing for Agricultural Lending
• Mima Nedelcovych, Partner, Schaffer Global Group (moderator)
6:00 pm Closing Remarks by H.E. Namadi Sambo, Vice President of The Federal Republic of Nigeria
6:00 pm – 7:30 pm Reception
Hosted by the Embassy of the Federal Republic of Nigeri Marriott Ballroom Foyer