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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Firms Deepen Agricultural Investment in Nigeria

From ThisDay · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified New plan
  • A4S and Natari are strengthening their commitment to Nigeria's agricultural sector through technology, food production, and agro-processing.
  • The collaboration is supported by Providus Bank, coinciding with A4S's relaunch of its organic products, 4Tree and 4Soil.
  • The companies aim to transform subsistence farming into a modern, wealth-creating industry by building productive assets and value chains.

Agricultural technology firms A4S and Natari have reaffirmed their strategic commitment to Nigeria's agricultural sector, aiming to drive growth across various facets including agricultural technology, food production, agro-processing, and farmer productivity. Their efforts also focus on women's economic empowerment, investment, and sustainable wealth creation.

The opportunity before A4S and Natari in Nigeria is much bigger than the introduction of an agricultural product or the development of individual investment projects.

โ€” Pradithisuphakorn WithisuphakornSpeaking on the advisory board of A4S and Natari, highlighting the scale of their agricultural initiatives in Nigeria.

The collaboration is further bolstered by a strategic relationship with Providus Bank. This partnership coincides with A4S's relaunch of its innovative organic products, 4Tree and 4Soil, designed to enhance crop yields and soil health for Nigerian farmers. These products are part of a broader strategy to support producers across Africa.

Pradithisuphakorn Withisuphakorn, an advisory board member for A4S and Natari, highlighted the significant opportunities in Nigeria. He noted that the companies currently support producers in over 34 African countries and work with more than 19 different crops. This extensive reach underscores their ambition to make a substantial impact on the continent's agricultural landscape.

agriculture must move from subsistence to a modern wealth-creation industry.

โ€” Mr. Ibiam NatariThe CEO of Natari, explaining the company's vision for transforming agriculture in Nigeria.

Mr. Ibiam Natari, CEO of Natari, emphasized the need for agriculture to evolve from subsistence farming into a modern, wealth-generating industry. He stated that their focus is on developing productive assets, processing capabilities, and value chains that yield sustainable economic returns. Similarly, Mr. Niti Sawangsap, CEO of A4S, stressed that technology must address real-world problems for food producers. He specifically mentioned 4Tree's focus on plant productivity and the company's commitment to demonstrating its value under Nigerian conditions, positioning Nigeria as an "anchor market" rather than a mere test market.

4Tree is designed around plant productivity, but our objective in Nigeria is to demonstrate its value under Nigerian conditions and measure the results. Nigeria is not a test market for A4S, it is an anchor market.

โ€” Mr. Niti SawangsapThe CEO of A4S, explaining the company''s commitment to Nigeria and its agricultural technology, 4Tree.
About this summary

Originally published by ThisDay in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.