Nigeria must take advantage of AfDB’s Special Agro-Industrial Processing Zones to create non-oil sector jobs


Senior Nigerian government officials and key investors have endorsed the African Development Bank’s Special Agro-Industrial Processing Zones (SA-IPZ) initiative, describing it as a pathway to Africa’s agricultural revolution.

At the onset of the current administration, the initiative was designed to concentrate agro-processing activities within areas of high agricultural potential in order to increase productivity and competitiveness. The initiative will provide millions of youth and rural men and women with employment and entrepreneurship opportunities.

Giving insights at an investment forum held Tuesday at the Bank’s office in Abuja, Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said Nigeria was eager to work with the Bank to develop SAPZs.

According to him, “I can’t thank the African Development Bank and all the investors gathered here today enough.
“We need to make agriculture work again. It is with initiatives like this that we can truly create wealth and employment for our teeming youth population,” Ogbeh said.

Naija247news understands that the investment forum was an opportunity to secure the commitment of key agribusiness companies and banks in the planning, investment and implementation of priority SAPZs in Nigeria.

Key participants included top government officials and big industry players, including the Dangote Group, the Manufacturers Association of Nigeria (MAN), Flour Mills of Nigeria, Olam International, the Nigeria Private Sector Alliance (NiPSA), the International Labour Organization (ILO), commercial and development banks, the United Nations Industrial Organization (UNIDO), and the Cocoa Association of Nigeria.

In his remarks, Special Adviser on Industrialization to the African Development Bank President, Professor Banji Oyelaran-Oyeyinka, said the initiative could boost the gross domestic product (GDP) of rural regions and bridge the rural-urban divide.

He added that “Nigeria currently trails in the supply of quality agro-processing products. Nigeria must take advantage of the opportunities in this sector to create non-oil sector jobs and raise its GDP.”

He averred that “Africa could become a net exporter of agricultural commodities, potentially replacing imports worth $110 billion. The continent could also double its market share for select processed commodities. The value of Africa’s agribusiness sector is expected to reach $1 trillion by 2030 and has been described the next “oil sector”.

“This investors’ forum is extremely critical. Those of us working in the sector will work closely with the African Development Bank and the government of Nigeria on this huge opportunity,” said businessman Mansur Mohammed Ahmed, Executive Director of the Dangote Group and Chairman of the Manufacturers Association of Nigeria (MAN).

“We support the SAPZs intervention of the African Development Bank. Our Group is interested in investing in agri-inputs production and supply across the Special Agro-Industrial Processing Zones to be set up,” said Sadiz Kassim, Director at Tropical General Investments Group (TGI Group) − a major industry player.

Currently, AfDB and its partners are investing heavily to rapidly scale up agricultural production. The SAPZ’s depend on strong public and private sector partnerships.

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