ACCI, Afreximbank Reaffirm Commitment to Boost Investments, Financing for Agriculture

James Emejo in Abuja

The President, Abuja Chamber of Commerce and Industry (ACCI), Emeka Obegolu, has reaffirmed the chamber commitment to securing a robust economy by promoting and supporting agriculture which contributes substantially to the country GDP.

Speaking at the opening of the premier Farm, Food and Allied Technologies

(FARMFATECH) expo in Abuja, he said the chamber aims to spotlight investment

opportunities in the agro-allied sector, engage policymakers to support the vital industry, and encourage policies to propel economic and individual growth through the exhibition.

Obegolu stressed that to sustain agriculture's vital role, the country must innovate, collaborate, and adapt, adding that the expo aimed to achieve this objective.

He said agriculture remained at the heartbeat of the nation,  providing livelihoods to millions, sustaining communities, and bolstering our economy.

However, the ACCI president noted that the sector faces a host of challenges including climate change, financing, fluctuating markets and the urgent need for modern infrastructure

and technology.

Obegolu said, “As the voice of Nigeria’s business community, ACCI is committed to advancing ventures that drive economic growth and support sustainable development.” The FARMFATECH expo is set to be an unparalleled arena for showcasing cutting-edge agro-mechanisation technologies, food processing innovations, and opportunities for agricultural financing.”

“Here, we bring together industry leaders, policymakers, and stakeholders from around the world to explore transformative opportunities for investment and partnerships that will shape the future of agriculture in Nigeria and beyond."

This is as the President/Chairman, Afreximbank, Prof. Benedict Oramah, said addressing the challenges of agriculture financing while enhancing value chains remained vital for achieving sustainable growth within the agricultural sector.

He said Afreximbank has continued to work collaboratively with all stakeholders to create an enabling environment that fosters innovation and investment in agriculture.

Represented by acting Group Managing Director, Client Relations, Afreximbank Group, Mr. Eric Monchu Intong, Oramah stressed the need to partner to build resilient food systems that feed the populations and contribute significantly to economic development across the continent.

He said agricultural financing remained essential for enabling farmers and agribusinesses to secure the capital necessary for investments in technology, infrastructure, and sustainable practices.