NABG LEADING ECONOMIC IMPACT ASSESSMENT STUDIES OF AGRI-INPUTS POLICY AND REGULATORY REFORMS
The Nigeria Agribusiness Group (NABG) has partnered with the Alliance for a Green Revolution in Africa (AGRA) to invest in evidence-based agriculture policy and regulatory options in Nigeria. The investment covers policy and regulatory reforms in the importation, manufacturing, distribution and quality control of fertilizers to improve crop production and productivity.
The investment extends to market price stabilization mechanisms for both farm inputs and outputs. The goal of NABG is to reach millions of smallholder farmers with improved, consistent and affordable agri-inputs, especially certified seeds of improved varieties and hybrids and soil specific fertilizer blends in partnership with AGRA.
As the apex organized private sector agribusiness platform in Nigeria, NABG is leading the joint efforts to ensure all stakeholders and investors are given the opportunity to make inputs into the policy and regulatory reform. NABG is creating a seamless opportunity for win-win outcomes to the private sector and public sector investments in the agribusiness space. There is a new paradigm going on in Nigeria.
Sani Dangote, President and Chairman of NABG remains bullish on calling for the institutionalization of price stabilization mechanisms to drive competitiveness.
Dangote said, “There is no money available for government to continue with the National Agriculture Growth Enhancement Support Scheme as we know it. Our farmers need guaranteed markets and price stability for their produce to be competitive against cheaper agricultural imports. The processors demand consistent supply of raw materials to help create jobs and diversification of the economy.”
AGRA has helped NABG to mobilize local talents to provide technical analysis of the economic impact of policy and regulatory reforms for agri-inputs and services in Nigeria.It is critically important that Development Partners engage local talents to work with organized farming cooperatives, contract growers and with the food and agro-allied industries alongside Ministries, Departments and Agencies of government.
Stakeholders at the Economic Impact Analysis Workshop concluded that “government must focus its efforts on affordable pricing of fertilizer, agro-chemicals and certified seeds.” There is need to establish an institutional framework to drive productivity through fiscal and non-fiscal incentives and price stabilization mechanisms.
AGRA is expected to intensify investments in Nigeria by continuing to help strengthen private sector agribusinesses and the capacity of smallholder farmers to meet the demands of food processors and consumers at large.