The Federal Government has reaffirmed its commitment to creating an enabling environment for the private sector-led investments to thrive in order to boost economic growth in the country
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave the assurance in his office in Abuja today when he received the Managing Director of Olam Agri, a subsidiary of Saudi Agricultural and Livestock Investment Company (SALIC), Mr. Anil Nair.
The minister acknowledged the government’s role in broader development initiatives such as the construction of rural farm roads and the establishment of strategic grain reserves.
He commended Olam Agri’s strategic contributions, noting that such private sector investments align with President Bola Ahmed Tinubu’s broader economic diversification agenda.
Speaking earlier, Mr Nair outlined the company’s plans to leverage emerging prospects in Nigeria’s evolving agricultural landscape.
The discussions focused primarily on business-aligned initiatives, including increased investment in fertiliser production, expanded irrigation support, and the development of processing facilities to boost local value addition.
These investments are expected to enhance agricultural productivity, drive down food prices through improved supply chains, and stimulate agribusiness growth.
Olam Agri, a leading player in Nigeria’s agribusiness sector, is deepening its engagement with key stakeholders to explore strategic investments aimed at unlocking new growth opportunities.
The Director of Information and Public Relations in the Ministry of Finance, Mohammed Manga, noted in a press release that the government’s commitment to creating an enabling environment for private sector investment, especially in the agricultural sector, is expected to drive growth, improve food security, and enhance the livelihoods of Nigerian farmers and agribusiness operators.
