Lack of data driving away agri investments in Nigeria
An agriculture minister said that the lack of data on Nigeria’s farm sector remained to be the biggest impasse in its development as foreign investors continued to shy away from doing business in the country.
Sen. Heineken Lokpobiri, minister of State for Agriculture and Rural Development, said that Nigeria’s lack of database was not only unattractive for both local and foreign investors, it has also retard growth in agribusiness and other related industries.
In his 2017 Agricultural Performance Survey Public Presentation and Stakeholders Forum in Abuja, Sen. Lokpobiri said that there is an urgent need for the sector to catch up on its data gathering process and beef up interest among Nigerians to do agribusiness if they want to replace oil as the No.1 driver of the economy.
He said that the data gathering, which will be done on an annual basis, would be a landmark exercise for the country, which has over 84 million hectares of land readily available for farming.
Through data gathering and research, Sen. Lokpobiri hopes that they would be able to commercialize the results and attract more investors to the agriculture sector.