The Nigerian Investment Promotion Commission (NIPC) and Commodities Development Initiative (CDI), will be hosting the ‘Invest-In-Nigeria UAE Roundtable,’ on Friday, 1st April 2022.
Information obtained from the NIPC Newsletter said that the event would hold at the Haptoor Palace Hotel, Al Habtoor City – Sheikh Zayed Rd – Dubai, United Arab Emirates (UAE).
TheFact Nigeria learned that the roundtable would be followed by a site visit to selected companies on Saturday, 2nd April 2022.
The Roundtable to hold in the margins of the 11thAnnual Investment Meeting (AIM) and the World Government Summit, is expected to bring Agribusiness operators in the private & public sectors in Nigeria to engage with selected agribusiness actors and supply chain companies in the UAE.
The intention is to make deals in green/brownfield investments for strategic alliances, joint ventures, technology licensing, mergers and acquisitions, etc.
The NIPC Newsletter also said that Internationally recognized agribusiness investor targeting methodology will be used to target and engage actors in the UAE agriculture and food security space and facilitate their participation in pre-qualified opportunities in Nigeria in the light of the African Continental Free Trade Agreement (AfCFTA).
Target sector is agriculture, especially cashew and shea butter processing for export, rice milling for local/regional consumption, grains production, soya oil production, cassava processing, tomato production, etc. and development of infrastructure projects such as Special Agro Processing Zones (SAPZs), Free Trade Zones (FTZ), export terminals, ports and roads and dams, etc.
The goal is To secure investment commitments of up to US $1 billion on this mission. There would be Investment commitments, with signing ceremonies; Increase green, resilient and inclusive development (GRID) in priority value chains & infrastructure projects along the ‘Lagos-Kano-Jibiya (LAKAJI) agriculture growth corridor’ (with 13 states geographical coverage) and other economically viable corridors in Nigeria.
It is also geared towards increased investment volume and value into Nigeria to achieve both the SDG and the National Development Plan (2021 to 2025) of the Federal Government.
Participants from the United Arab Emirates, (UAE) are to include CEOs & Directors of private and public entities in agriculture value chain as well as investment fund managers.
From Nigeria, the participants will include: State Governors, with Investment Opportunities in large scale state-owned agro enterprises, Ministers of relevant Ministries and heads of relevant Government Agencies at both Federal and State Government levels.
Others will be CEOs of Large-scale private Enterprises who are seeking for investors in Agribusiness projects (i.e. large-scale farm production & processing of Agri products) and agro-related infrastructure.