The Chief Executive Officer and Managing Director of the Ministry of Finance Incorporated (MOFI), Armstrong Ume Takang, has called for increased investment in Nigeria’s agricultural sector through Integranium, a platform aimed at boosting economic growth, job creation, and food security.
Speaking at the Integranium Investment Forum on Crop Farming in Abuja, themed “From Seed to Shipment: Redefining the Crop Farming Value Chain,” Takang outlined MOFI’s commitment to transforming agriculture through partnerships and investments spanning the entire value chain.
He highlighted that MOFI is already collaborating with key institutions like the Bank of Agriculture, Bank of Industry, and PFI-NPK.
Takang underscored that “food security is national security,” stressing the importance of building domestic capacity through the right infrastructure, policies, and human capital.
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Dr. Femi Ogunseinde, Executive Director of Investments at MOFI, echoed these sentiments, emphasizing the goal of food sovereignty where Nigeria not only meets its domestic food needs but also produces a surplus for export.
He pointed out the lack of a traceability system as a major barrier to agricultural exports and noted that MOFI is working on international partnerships to develop systems that meet global standards.
Dr. Abdullateef Shittu, Director General of the Nigeria Governors’ Forum, highlighted agriculture’s critical role in poverty reduction, stating that growth in agriculture is 2–3 times more effective at reducing poverty than growth in other sectors.
The forum called for stronger collaboration between the government, private sector, and donors to unlock the full potential of Nigeria’s agricultural sector and drive sustainable economic development.
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