Nigeria Targets $100 Billion Annual Investments in Agribusiness to Drive Economic Growth
The Nigerian government has announced ambitious plans to attract $100 billion in annual private investments into the agribusiness sector, highlighting the industry as a central driver of economic diversification and inclusive growth. Speaking at the 2026 Presidential Agricultural Policy Dialogue organized by the Nigeria Agribusiness Group (NABG) in Abuja, Minister of Budget and Economic Planning, Senator Abubakar Bagudu, emphasized that agribusiness presents opportunities across production, processing, logistics, and export markets.
Bagudu noted that the administration is committed to supporting investors and producers to unlock sustainable value across the entire agribusiness chain. “This government has demonstrated its willingness through policy support, strategic financing, and partnerships aimed at modernizing agriculture, livestock development, fisheries, and agro-processing,” he said, highlighting the sector’s critical role in Nigeria’s long-term growth objectives.
Anchoring his remarks on Nigeria’s Agenda 2050 development framework, the minister explained that the strategy was developed collaboratively by the private sector, public institutions, state governments, and civil society organizations. The framework sets a pathway for Nigeria to achieve a $1 trillion economy by 2050, with a per capita GDP of $33,000, and positions agribusiness as a major contributor to attracting billions of dollars in private investments annually.
Acknowledging the gap between current realities and Agenda 2050 targets, Bagudu stressed the urgency of reforms and sustained private sector engagement. He cited ongoing policy improvements, innovative financing structures, and strategic partnerships as measures to de-risk investments and create an enabling environment for agribusiness growth. The minister also noted that the administration’s Renewed Hope Agenda will serve as a practical tool to drive the long-term development plan through realism, shared responsibility, and collaboration.
The dialogue drew policy experts, investors, agribusiness entrepreneurs, and civil society groups, who explored ways to strengthen policy coordination and scale investment opportunities. Discussions emphasized how agribusiness could become a sustainable engine of economic growth, job creation, and export expansion, reinforcing Nigeria’s vision of a diversified, resilient economy for the future.
source: leadership