Nigeria to woo foreign investment in agriculture

The Nigerian government has concluded plans to attract more foreign investors into the the agricultural sector of the economy, an official said on Monday.
Spokesperson for the Nigerian Investment Promotion Commission (NIPC) Joel Attah said this was part of the agreement reached in Abuja, the country's capital city with the Federal Ministry of Agriculture and Rural Development.

Cocoa beans and pods

Before the advent oil, agriculture was the main economic backbone of the country, he added, noting that investors would also enjoy aftercare services provided by the organization.
The spokesperson enjoined the ministry to ensure that investors that were already doing business in the sector and its value chain were registered with the commission to protect their investment.
According to him, the commission is the only agency of government that is charged with the responsibility of promoting and attracting investment into the economy.
He added that the commission also has the legal framework on all investment related matters.
Attah said the collaboration would create job for the teeming unemployed Nigerians and also create wealth.
He urged the ministry to identify with the activities of One Stop Investment Center (OSIC) in the commission by deploying a desk officer to the center for the purpose of providing detailed information. Enditem
Culled from Xinhua News Agency