Business
FG Reiterates Commitment To Bussines-Friendly Environment
Joel Ajayi
In a move to boost Nigeria’s economic growth and development, the Federal Government has reaffirmed its commitment to creating a safe and conducive environment that will foster private sector investments aimed at unlocking new economic potentials as well as create job opportunities for the teeming youth in the country.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun gave the assurance today in his office in Abuja when he hosted Alhaji Aliko Dangote, President of the Dangote Group, for crucial discussions on enhancing private sector participation.
The Minister reaffirmed President Bola Ahmed Tinubu’s commitment to creating a business-friendly environment that fosters enterprise growth while emphasizing the government’s dedication to implementing supportive policies and reforms aimed at unlocking the private sector’s potential, driving innovation, and accelerating sustainable economic transformation.
Also present at the meeting were Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adelabu Adedeji, Chairman MRS Oil & Gas, Sayyu Dantata, and Maryam Ibrahim, Special Adviser to the Minister
With the government’s commitment to creating a business-friendly environment and the private sector’s eagerness to invest, Nigeria is poised for sustainable economic transformation and growth. Thus, the partnership between the government and the Dangote Group is a significant step towards unlocking the country’s economic potential.
Signed
Mohammed Manga, FCAI
Director, Information and Public Relations
March 18, 2025
Business
Private Sector Unveils Agribusiness Investment Fund To Boost Food Security
In a groundbreaking move, the private sector has unveiled a pioneering investment fund to revolutionize Nigeria’s agricultural landscape and drive food security.
This initiative takes the form of a private sector-led Large-Scale Agribusiness Financing Programme, presented to the Federal Government as a collaborative effort to drive food sovereignty through large-scale investment in industrial agriculture.
At a high-level meeting with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the CEO of Ministry of Finance Incorporated (MOFI), Dr Armstrong Takang, held in his office in Abuja, KPMG and private sector operators outlined an investment fund model designed to mobilise large-scale financing for the production and processing of critical crops, including oil palm, rice, maize, cassava, sugar, and soybean.
The proposal aligns with the administration’s vision to reduce Nigeria’s £3 billion annual food import bill by expanding mechanised farming, strengthening local refining capacity, and enhancing food security. It emphasises private sector participation, transparency, and scalability.
HM Edun and Dr Takang welcomed the initiative, reaffirming the government’s commitment to working with the private sector to unlock investment and drive sustainable agricultural transformation.
As Nigeria takes bold strides towards achieving food sovereignty, this innovative partnership between the private sector and the government marks a significant milestone in the country’s journey towards a more sustainable, self-sufficient, and prosperous future.
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