ABUJA, Nigeria (ChatnewsTV) — Nigeria’s Feed and Fodder Multi-Stakeholder Platform achieved a milestone, securing over $100 million in investor commitments during the Agri Summit Africa (ASA) Deal Room held in Abuja this November.
The event, sponsored by the Commodity Development Initiative (CDI) in collaboration with Sterling Bank, marked a groundbreaking step for the nation’s agricultural sector.
The Feed and Fodder Deal Room, the first of its kind in Nigeria, was designed to boost investment in the country’s burgeoning feed and fodder industry. Key stakeholders, including financial institutions, equipment suppliers, investors, and government agencies, gathered to explore opportunities in the sector.
“This is a significant leap forward for the commercialisation of feed and forage production in Nigeria,” said a CDI spokesperson.
“The level of interest and investment shown at the summit underscores the sector’s potential for growth and innovation.”
The success of the Deal Room aligns with recent government initiatives aimed at transforming Nigeria’s agricultural landscape. These efforts include the establishment of the Ministry of Livestock Development and the recent endorsement of the National Dairy Policy, both of which aim to strengthen the nation’s food security and enhance local livestock production.
To ensure that the commitments made during the summit translate into concrete outcomes, CDI has pledged to continue supporting post-event activities. This ongoing effort aims to position Nigeria’s feed and fodder sector for sustainable development and technological advancement.
“Our goal is to foster a vibrant and resilient agricultural sector that can meet the needs of Nigeria’s growing population,” the CDI spokesperson added.
“With these multimillion-dollar commitments, we are on track to achieve that vision.”
