Approved Policy Opens Opportunity for Agri-business Transformation in Delta State
Agriculture is the mainstay of Nigeria’s rural economy, but the sector still faces a myriad of challenges. The sector struggles with a lack of proper legislation and weak enabling environment for agribusiness, limited access to appropriate financing options, poor commodity value chain networks, climate change and the environmental consequences of industrial activities, particularly in the oil-rich Niger Delta. These obstacles have persisted even in the wake of decades of government and donor-funded agricultural development initiatives.
To provide a sustainable solution to these persistent challenges and diversify the economy away from its reliance on extractive industry the USAID funded Feed the Future Nigeria Agribusiness Investment Activity, implemented by Cultivating New Frontiers in Agriculture (CNFA), together with the Nigeria Agricultural Policy Project (NAPP), supported the Delta State Government to develop this new Agricultural Policy.
The State Executive Council (SEC) approved the Delta State Agricultural Policy on January 29, 2021. The Activity provided technical support through the entire process of policy design, convened inclusive stakeholder engagements, and facilitated its approval by the SEC through the Delta State Ministry of Agriculture and Natural Resources. The new Delta State Agricultural Policy will support agricultural productivity, improve agribusiness performance, and raise enterprise value of the agricultural sector by developing commodity value chains, improving access to quality inputs, finance and investments, storage facilities, and new markets.
“With the approval of this Policy, we believe that Delta State has now moved a step closer to its food quality, safety and security goals by creating a platform on which to build mutual understanding and trust between agribusinesses, financial institutions, and government entities,” said Dominic Graham, the Activity’s Managing Director and Chief of Party.
“The Activity will continue to support the Nigerian Government, MSMEs, producer groups, aggregators, processors, and other service providers in our focal agribusiness value chains as they operate in a more conducive regulatory, finance, and investment climate,” he concluded.