REASONS WHY INVESTING IN NIGERIA – AN EMERGING MARKET IS A WISE ONE & YOUTH INVOLVEMENT IN AGRICULTURE & AGRIBUSINESS
NIGERIA’S IMMENSE POTENTIALS:
The economy of Nigeria is undoubtedly the engine of the economy of West Africa, and even beyond. Nigeria is strategically located and well positioned to serve as a hub of economic activities for West-Africa and even beyond. Given the demands of a fluid and dynamic world, Governments are implementing clear and coherent policy designed to foster economic growth within a relatively short period. It welcomes interventions in Made in Nigeria products and services. An array of resource-based investment opportunities exists in Nigeria. A critical review of the present economic situation indicates the need to strengthen the small and medium enterprises.What our media consultancy firm is doing is to seek join people charged with managing the crises of hunger, malnutrition and food scarcity at this critical period.Investing in
Nigeria, among others, offers the following significant advantages to potential investors:
Enormous human and material resources that are yet to be fully exploited. Utilization of raw materials for local production insulates the Nigerian economy to a large extent, against global commodity price shocks
The expansive Nigerian Market, stretches into the West African sub-region with a capacity to reach other parts of Africa
Creation of conducive business and industrial environment through policies and programmes that guarantee a free market economy.
The private sector in the State is dynamic and has assumed greater responsibilities that make the sector the principal engine of economic development.
A non-discriminatory policy with respect to local and foreign investors; with government protection and incentives.
There is a well-developed banking and financial sector. Credit facilities are easily accessible by investors.
Skilled labour is abundant at an economic cost. This leads to low costs of production.
A BRIGHTER TOMORROW
There is evidently a brighter tomorrow if Nigerians could embrace and support the policy of the federal government in the area of promoting local products and services and non-oil exports. For the avoidance of doubt, Nigerians at home and abroad are reminded that there is enormous hope as this policy would produce the following results:
•Boost the economy
•Correct imbalance in the economy
•Encourage Direct Foreign Investment
•Source of encouragement for producers and consumers of locally made items. In this connection, Government is bringing together and linking producers and consumers, even through on line media platforms.
This campaign has the objective of reaching the whole world, particularly the Nigerian and African Diaspora, and all well-meaning Nigerians are encouraged to join in promoting the country’s development
•The economy of Nigeria will receive a huge boost.
•The standard of living will improve drastically
•Reduce dependence on oil revenue for survival.
•Encourage production of cash crops that yield huge foreign exchange as palm oil, cashew, cocoa, soya beans, rubber, rice, petrochemical, leather, ginger, cotton, and Shea butter.
•Bring buyers and sellers together
•Creation of jobs and employment opportunities
•Attract Foreign Direct Investments into Nigeria
•Increase in vocational matters and employment
VAST & LIMITLESS OPPORTUNITIES FOR SMES & INVESTORS
SMEs are veritable means of reviving old, moribund and even new schemes. The Manufacturers Association of Nigeria has keyed into the agenda and is showing commendable interest by sensitizing its members. In addition to the compilation of lists of locally-manufactured goods, manufacturers are being afforded the opportunity of having access compendium of all factors that are designed to fast track achievement of goals and objectives. Government is pushing forth information to investors and consumers, the global community, and indeed, all who wish to know how and where to contact to get quality made-in-Nigeria goods. Government is creating awareness and at the same time requesting investors and consumers to show serious commitment to participating in the nation’s economic development for the full exploitation of the potentials of the various sub-sectors of the national economy.
FOREMOST INVESTMENT DESTINATION IN AFRICA –THE ALIKO DANGOTE EXAMPLE
An investments enthusiast and patriot, Prof. Tunde Adeniran has argued that: ‘’Today, Africa is fast emerging as the new investment destination for most investors. Despite the focus by some on the unstable operating business environment in most African countries, investors are still being drawn to the African continent. This is due to the high returns on business investments in Africa when compared to returns on investments in the developed economies.
PIX ABOVE: FRIENDS — ALIKO DANGOTE & BILL GATES
Because the African continent has not made full use of the vast human and material resources vested in it by nature, there is a huge investment vacuum to be filled by any brave and adventurous entrepreneur. Our campaign is hinged on the foregoing and the strong determination of investors like Aliko Dangote, the richest man in Africa to moving the continent forward. These patriots are committed to the aspirations of the government and the potential markets.
The purposeful implementation of this agenda will produce the desired results by way of stimulating the economy through Nigeria Made products and services; but greater involvement of the citizenry is still required alongside more collaboration among the three tiers of government and the private sector.
This policy is directed at the following:
•Boost the economy
•Correct imbalance in the economy
•Source of encouragement for producers and consumers of locally made items.
•In this connection, Government is bringing together and linking producers and consumers, even through on line media platforms
•Encourage State and local governments and prospective investors to join the campaign
DEVELOPING AGRICULTURE & AGRIBUSINESS
FOOD SECURITY & HUNGER – WOMEN & CHILDREN SUFFER MOST
Developing the agriculture sub-sector of the country’s economy is a potent way to adjust and transform the Nigerian society. Beyond this, global agriculture itself is undergoing transformation. World Food Organization’s records indicate that ”Population growth and changing consumption habits have started to drive up demand for food in multiple varieties.
”By year 2050, the world population will reach nine (9) billion. That means additional two billion people would require food in 35 years’ time, compared to now”. Hence the need for the three tiers of Government, and particularly the private sector, to pay particular attention to encouraging local economic activities.
Akinwumi Adesina, president African Development Bank Group who believes a peaceful world will be a food secure world, pointed out that only 1% of the world’s richest own 50% of global wealth. “There is tremendous suffering going on in the world. While progress is being made, we are not winning the war on global hunger. There cannot be peace in a world that is hungry. Hunger persists in regions and places going through conflicts, wars and fragility. Those who suffer the most are women and children,”
RESPONDING TO GLOBAL CRISIS — –REVERSING THE DANGEROUS TREND
Before COVID-19, close to 300 million people were malnourished in the continent of Africa due to food scarcity. Poverty is the main cause of hunger in the world. Most people who are hungry are living in extreme poverty, defined as income of $1.90 per day or less. The largest group of people in the world in extreme poverty is smallholder farmers in developing countries. The UN World Food Programme’s live Hunger Map aggregates 957 million people across 93 countries who do not have enough to eat.
The Global Humanitarian Outlook projects 239 million people in need of life-saving humanitarian action and protection this year. Under the current conditions in Africa, the most extensive area of land (455 million hectares) is suited to the cultivation of cassava, followed by maize (418 million hectares), sweet potato (406 million hectares), soybean (371 million hectares) and sorghum (354 million hectares).
Sustainable agriculture is key to achieving the United Nations’ sustainable development goals (SDGs) and creating a better life for Africans. Agriculture is such an important requirement for the development of Africa such that experts have argued that: We are in a race with time to unlock Africa’s full potential” Undoubtedly, women are the quiet drivers of change towards more sustainable production systems and a healthier diet for millions struggling with food insecurity throughout Africa. Experts say Africa is the only region of the world where its proportion of the population that is food insecure is on the increase. “There is therefore absolutely no reason for Africa to be a food importing region. Africa has huge potential in agriculture’’
PROMOTING INVESTMENTS IN AGRICULTURE & AGRIBUSINESS
United Nations Secretary-General, Antonio Guterres had cause to express concern on the outbreak of CORONAVIRUS. Guterres asserted that: ‘’The economic fallout of the pandemic is affecting those who work in the informal economy; small and medium-size businesses; and people with caring responsibilities, who are mainly women. ‘’We face the deepest global recession since World War II, and the broadest collapse in incomes since 1870. One hundred million more people could be pushed into extreme poverty. We could see famines of historic proportions. He continued: ‘’Developed countries have strongly invested in their own survival in the face of the pandemic. ‘’But they have failed to deliver enough support needed to help the developing world through these dangerous times. We are at breaking point. But we know which side of history we are on.’’
Africa has great potentials. The Savannah of Africa which covers mind boggling 600 million hectares of which 400 million hectares are cultivable. Experts say “Africa sits on 65 per cent of the uncultivated arable land left in the world, so what Africa does with agriculture will determine the future of food in the world. We must devise a lasting solution to the economic problems in the Agriculture & Agribusiness sub-sectors through our expertise and professional skills as communicators, investment promoters/enthusiasts and exporters recognised by the Nigerian Exports Promotion Council.
SECRETS OF THE WEALTH OF THE FIRST WORLD
The secrets of the successes recorded by other nations, particularly the Asian Tigers are not unknown to the whole world. To build a resilient economy, we require creative thinking, workable ideas, patriotism, and commitment to our collective task of constructing a prosperous polity. More importantly, we require collaboration and creation of interest in activity being promoted in order to achieve maximum results. This is the kernel of this proposal that seeks to promote Agriculture & Agribusiness through a Strategic Integrated Action Plan designed to sensitize the populace on a sustainable basis until activities become part of the lives of members of the society.
AGRICULTURE & AGRIBUSINESS AS SOLUTIONS
FOOD SECURITY & HUNGER – WOMEN & CHILDREN SUFFER MOST
Developing the agriculture sub-sector of the country’s economy is a potent way to adjust and transform the Nigerian society. Beyond this, global agriculture itself is undergoing transformation. Population growth and changing consumption habits have started to drive up demand for food in multiple varieties. By year 2050, the world population will reach nine (9) billion. That means additional two billion people would require food in 35 years’ time, compared to now. Hence the need for the three tiers of Government, and particularly the private sector, to pay particular attention to encouraging local economic activities.
FOR A MORE PEACEFUL WORLD
According to Akinwumi Adesina, President, African Development Bank Group, ” a peaceful world will be a food secure world, pointed out that only 1% of the world’s richest own 50% of global wealth. “There is tremendous suffering going on in the world. While progress is being made, we are not winning the war on global hunger. There cannot be peace in a world that is hungry. Hunger persists in regions and places going through conflicts, wars and fragility. Those who suffer the most are women and children,”
President Muhammadu Buhari has approved the National Poverty Reduction with Growth Strategy committed to lifting 100 million Nigerians out of poverty in 10 years, with a well-researched framework for implementation and funding. The NPRGS had already proposed the establishment of a private equity fund, the Nigeria Investment and Growth Fund, to lead resource mobilisation drive and also manage the resources in a sustainable manner. The majority of beneficiaries will emerge from the agriculture and agribusiness.
•Part of the decisions of government is to stimulate the economy. We believe that in recognition of the fact that these are critical times; there is the need for critical information management activities to wit:
•Create huge public enlightenment and publicity activities for better understanding of issues pertaining to Agrriculture & Agribusiness, particularly among the youths who believe that their salvation lies in Europe and the Americas
•Better understanding of the Nigerian market by prospective investors locally and abroad
•Creating huge public enlightenment and publicity activities to influence perception and acceptance of Agriculture & Agribusiness as solutions to Nigeria’s economic crises.
•Promote knowledge about the usefulness of agribusiness and avaliability of vast lands that could be utiilized for agricultural development that has the capacity for industrialization and utilization of raw materials for industrialization.
SENSITIZATION & PUBLIC ENLIGHTENMENT ABROAD
We at TERRIFIC HEADLINES are on a mission – to promote development in Nigeria, ECOWAS countries, Africa, and its Diaspora. We will not relent because the future of our country is part of our responsibility.
REFORMS & STRATEGIC CAMPAIGN. We have carried out extensive sensitization campaigns locally and abroad utilizing our communication channels for the pursuit of the objective of promoting Nigeria Made Products and Services to which we shall continue to be irrevocably committed. Plans, no matter how beautiful, would not materialize unless they are properly understood and implemented in addition to conforming to the common aspirations of the citizenry. Governments need the citizenry; and vice-versa.
Therefore, there is the need to sensitize Nigerians to work with Government, and to inculcate in them the spirit of patriotism, that would eventually lead to their embracing the right attitudes and approaches to development. Government on its part, must be committed to fully implementation of its key constitutional responsibilities of providing security and welfare to the citizenry. NIGERIANS can successfully rebuild Nigeria provided they are more committed to democratic ideals and good governance, demand for accountability and transparency, sincerity of purpose on the part of the leadership, consistency in policy formulation and implementation, and the enthronement of due process, and fiscal discipline.
NEXT IN DUE COURSE, WE SHALL WRITE ON THE OPPORTUNITIES AVAILABLE IN THE OIL AND GAS SECTOR