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Firm seeks greater investment in Africa’s agricultural value chains

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Davidorlah Nigeria Limited calls for increased investment in Africa's agricultural value chains to drive economic growth and food security.
  • The company's CEO, Segun Alabi, emphasized the need for strategic financing and infrastructure development at the Africa Social Impact Summit.
  • Unlocking Africa's agricultural potential requires addressing gaps in value addition, technology, financing, and market access.

An agribusiness firm, Davidorlah Nigeria Limited, is urging for greater investment in Africa's agricultural value chains, stating that strategic financing and infrastructure are crucial for economic growth and food security across the continent. Segun Alabi, the company's Managing Director and CEO, made this call at the Africa Social Impact Summit in Lagos.

Transforming agricultural value chains into investable infrastructure would not only boost food production but also stimulate industrialisation, expand export opportunities and generate employment for millions of Africans.

— Segun AlabiAlabi explains the broad economic benefits of investing in Africa's agricultural value chains.

Alabi presented a case for repositioning agriculture as an investment-driven sector capable of attracting long-term capital. He noted that while Africa possesses vast agricultural potential, significant gaps in value addition, infrastructure, technology adoption, financing, and market access must be addressed. "Transforming agricultural value chains into investable infrastructure would not only boost food production but also stimulate industrialisation, expand export opportunities and generate employment for millions of Africans," Alabi stated.

achieving these goals would require stronger collaboration among governments, development finance institutions, private investors and agribusiness operators to tackle the structural challenges limiting agricultural productivity and competitiveness.

— Segun AlabiAlabi emphasizes the need for multi-stakeholder collaboration to address systemic issues in African agriculture.

He stressed that achieving these goals necessitates stronger collaboration among governments, development finance institutions, private investors, and agribusiness operators. This collaboration is needed to overcome structural challenges limiting agricultural productivity and competitiveness. Davidorlah Nigeria Limited's participation in the summit underscored its commitment to agricultural transformation and encouraging private-sector investment in Nigeria's agribusiness sector. Stakeholders at the summit agreed that strengthening agricultural value chains is vital for improving food security and positioning Africa as a competitive global player.

coordinated investments across the agricultural value chain would help build resilient food systems while strengthening Africa’s position in the global agricultural market.

— Segun AlabiAlabi highlights the impact of coordinated investment on food systems and Africa's global market standing.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.