Investment Opportunities in Agriculture

Investment Opportunities in Agriculture

Agriculture, particularly crop production is a major component of Niger State’s economy, as it engages over 70% of its labor force, contributing an estimated 80% of its GDP. its climate is subtropical with distinct dry and wet seasons, while vegetation ranges from Sudan to Guinea Savannah in the northern and southern zones of the state respectively. Our diverse agro-ecological endowment makes possible the production of a wide range of agricultural products.

Agro Ecological Zone in Niger State

Comparative Advantages

Niger State is favoured by the following advantages in the sector.

  • The State is located in the middle of a country with population of 150 million people and excellent export policies offer access to a huge local sub-regional and international market.
  • Niger State has excellent land, water and air transport connection to the rest of Nigeria and the world at large.
  • Many Rivers eg Niger, Kaduna, Gurara and Chanchaga with extensive basins and flood plains.
  • Good Governance.
  • Largest producer of Rice, Shea nuts and Locust bean seeds.
  • Presence of National Cereals Research Institute Badeggi, IBB University, Lapai, College of Agriculture, Mokwa, Federal University of Technology Minna, Federal Polytechnic Bida and Maizube Farms, Minna.

Incentives

Some of the incentives availed private-sector agriculture entrepreneurs include

  • The government is amenable to public-private partnership arrangements.
  • Zero tariffs on the importation of agricultural machinery and chemicals.
  • Duty-free importation of spare parts of processing machinery.
  • Tax-free agricultural loans with a moratorium period of 18 months and a repayment period of not more than 7 years.
  • Bank guarantee through agricultural credit guarantee scheme.
  • Risk cover by Nigerian Agricultural Insurance Corporation.
  • Ban on the importation of some agricultural products such as vegetable oil, cassava, poultry etc
  • Tax holidays on agricultural land for at least 5 years.
  • Availability of land for prospective investors.
Production
  • Largest Scale Commercial Production.
  • Input Service Delivery
  • Fertilizer Manufacturing
Processing
  • Cottage Industries
  • Agro Industrial Parks
  • Farm Settlements.
Marketing
  • Specialized market development.
  • Regional Cattle and Produce Market.
  • Packaging and Branding especially rice.
  • Integrated Retail Outlets.
Research
  • Strong reasearch and innovation culture.
Biofuel
  • Active biofuel reseach and development programs.
Storage
  • Community warehousing.