BY JULIET EKWENUGO
Lagos
Propcom+, a UK Government–funded climate-smart agriculture programme, in partnership with Welcome2Africa International, on Tuesday opened its Agribusiness Deal Room in Lagos with a clear target of unlocking more than £5 million in new investments across Nigeria’s agricultural value chains.
The two-day Deal Room, holding from November 18 to 19, is designed to mobilise private capital for more than 20 pre-vetted, investment-ready agribusinesses, with a strong focus on grains, cassava and starch derivatives, livestock, bioethanol, food processing, mechanisation, agri-tech and renewable energy.
According to Propcom+, the initiative is one of its key interventions targeted at driving inclusive, climate-smart, low-carbon growth in Nigeria’s agriculture sector while expanding economic opportunities for farmers, women and rural communities.
Propcom+ Strategy Director, Olumide Ojo, said the Deal Room was structured to achieve specific investment and market-system targets.
“The Deal Room is a strategic mechanism to accelerate private investment into Nigeria’s agrifood sector. Our target is to connect high-potential SMEs with investors who can strengthen market systems, build resilience and support climate-smart growth for farmers and rural households”.
Also, the CEO of Welcome2Africa International, Bamidele Seun Owoola, said co-hosting the Deal Room supports their target of deepening sustainable capital flows into Africa’s agrifood sector.
“At Welcome2Africa International, our priority is to catalyse long-term investment partnerships. This platform allows us to present Nigeria’s most promising agribusinesses to global investors and work towards unlocking capital that drives shared prosperity”.
TheNewsFactual reports that following the Deal Room, Propcom+ will continue to work toward its broader programme targets by providing technical assistance, investor engagement, due diligence and transaction facilitation for participating agribusinesses to help push them toward investment closure.
