In recent times, the focus on governance versus politics has become increasingly important, particularly in Jigawa State under the leadership of Governor Mallam Umar Namadi. His efforts to attract foreign direct investment (FDI), especially in agriculture and education, are noteworthy as these sectors are vital for alleviating poverty and driving prosperity.

Jigawa has emerged as a prime destination for FDI in Nigeria, with Governor Namadi prioritizing this strategy as a cornerstone of his administration’s development plan. Recently, he led a delegation to the Africa Food Systems Summit 2024, an event that highlighted agricultural innovation and food security across the continent. The summit’s theme, “Innovate, Accelerate, and Scale: Delivering Food Systems Transformation in a Digital and Climate Era,” allowed Governor Namadi to showcase the state’s agricultural potential and investment opportunities.

Governor Namadi’s administration has initiated several ambitious agricultural projects, including the Rice Millionaire Project, the Wheat Project, and the Special Agro-Processing Zones (SAPZs). These initiatives are designed to boost productivity and position Jigawa as a significant player in Nigeria’s agricultural landscape, particularly in an era where sustainable practices are essential for resilience and long-term success.

One of Jigawa’s key advantages is its reputation for peace and stability, especially when compared to neighboring states facing challenges such as banditry and insurgency. This environment fosters growth and attracts both local and international investors.

Furthermore, Governor Namadi’s commitment to agricultural transformation extends beyond Nigeria. He recently led a delegation on a study tour to Ethiopia, a nation recognized for its achievements in wheat production. The visit aimed to learn from Ethiopia’s successful practices while showcasing Jigawa as a vital contributor to Nigeria’s agricultural sector.

In addition to agriculture, Governor Namadi’s focus on global partnerships was evident during his recent trip to Saudi Arabia, which is expected to bring over $50 million in investments to Jigawa. This visit is part of his broader 12-point agenda aimed at fostering international cooperation and sustainable development.

In conclusion, Governor Namadi’s proactive approach is reshaping Jigawa State into a hub for foreign direct investment. With strategic initiatives in agriculture, a commitment to stability, and global partnerships, Jigawa is setting a new benchmark for economic development in Nigeria. Continued investment in youth in agriculture is essential, and the recent disbursement of $250,000 under the World Bank’s Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) program is a promising start. Engaging experienced professionals will further bolster the government’s developmental goals.

Khalipha writes from Jigawa State.

• Begins training for farmers, seed companies, others

In a bold move to transform Nigeria’s agricultural landscape, the National Agricultural Seeds Council (NASC), has disclosed plans to launch a cutting-edge Seed Information Management Portal. This innovative digital solution promises to revolutionize the seed sector, enhancing efficiency, transparency, and productivity for farmers, seed companies, and regulatory bodies.

The development came to light at a recent capacity-building workshop held in Abuja, convened by the council to train key stakeholders ahead of the launch. The workshop tagged “Training on the Operationalization and Management of the NASC Seed Information Management Portal (NSIMP)”, brought together about 70 participants, comprising seed industry professionals, companies, seed council staffs, and farmers from different states and zones, to be trained on how to explore the portal’s vast potential.

Streamlining Seed Sector Operations, Dr. Ishiak Khalid, NASC’s Director General, represented by Towolawi Oluwole, Director of Seed Information, Data Management, and Capacity Building,  emphasized the portal’s critical role in managing the council’s information system. “The portal enables us to collate, and coordinate data from partners, agencies, seed companies, and farmers, providing valuable insights for more informed and harmonized decision-making,” he explained.

The portal’s integrated platform harmonizes disparate data sources, including seed trackers, codex, and other systems. This centralized approach facilitates real-time feedback from stakeholders, empowering the Seed Council to track industry trends, identify challenges, and respond effectively, according to Oluwole.

Also, Dr. Folarin Sunday Okelola, Ag Registrar of Plant Variety Protection (PVP) and Project Manager for the Agra grant, underscored the workshop’s significance.

He said; “Our goal is to build capacity for planning and coordinating the seed system, ensuring we meet Nigeria’s seed demand and harmonizing the whole process.”

“To effectively plan and coordinate our seed sector activities, we require accurate and timely data. This necessitates the integration of technology and electronic systems to enhance our traditional information gathering methods.

“Today, we proudly putting out our Seed Information Management Portal, a comprehensive platform that consolidates our existing tools, including the Seed Tracker and Seed Codex, into a single, user-friendly management information system.

“This innovative portal, accessible via web or Android, enables us to reach all stakeholders, regardless of category, and provides a streamlined approach to seed sector management.” He added.

The NASC Seed Portal is designed to benefit all stakeholders ranging from farmers, granting them an access to quality seeds, improved crop yields, and enhanced livelihoods, seed companies, ensuring efficient production, distribution, and sales tracking, regulatory bodies through an enhanced oversight, real-time monitoring, and informed decision-making.

By integrating comprehensive data management, analytics, and support tools, the portal aligns with the Critical Components of a Functional Seed System, as defined by CESSA. This ensures quality, accessibility, and sustainability in agricultural sector.

Please note that CESSA’s Critical Components of a Functional Seed System are quality seeds, seed availability, quality control, information management, policy & regulation, research & development, production & distribution, marketing & Sales.

Perhaps this will herald a new era for Nigeria’s Agriculture. NASC as a council, embracing digital innovation, through this groundbreaking portal will boost agricultural productivity, enhance food security, and support economic growth.

As the management training concludes Friday, participants are equipped to leverage the portal’s potential, ensuring a brighter future for Nigeria’s farmers, seed companies, and agricultural sector.

“This portal is a game-changer,” Dr. Okelola further opined. He reiterated that the council is committed to revolutionizing Nigeria’s seed sector, and the recent development is just the beginning.

Optimism high up, that with NASC’s Seed Information Management Portal, Nigeria’s agricultural landscape is set to flourish, harnessing technology to drive growth, productivity, and prosperity.

By Omoba Kenneth Aigbegbele

The just-concluded Africa Investment Forum (AIF): Africa’s Investment Market Place with the theme, “Unlocking Africa’s Value Chains,” took place between November 8 and 10, 2023, at Marrakesh, Morocco. AIF is an arm of the Africa Development Bank (AfDB).

The event which was under the high patronage of His Majesty, Mohammed VI, King of Morocco, was indeed a high-level, top- notch event and a very successful one; charting a new course for Africa’s new prosperity and connectivity in all ramifications. This was also with keen reflections on digital disruptors and transformative technology, renewable energy and natural capital.

It also involves accelerating green growth; climate-resilient infrastructure; securing the future; capital market; mobilising investment for transformational growth; Africa’s creative industries; strategies for promoting investment and growth.

It was a response to the Feed Africa Commitment of the AfDB and other partners at the Africa Investment Forum, which unveiled a platform known as the Alliance for Special Agro-Industrial Processing Zones to mobilise equity funding for the continent’s agro-ecosystem.

The Africa Investment Forum is the place where bankable projects in Africa meet with investors, where investors meet with Heads of State and Governments in investment boardrooms, where comfort is given to investments; where risks are managed and where deals are closed.

There are many international conferences focused on business opportunities in Africa. No gathering, however, has been more strategic and important in terms of its convening power and capacity to galvanise investment actions on the continent and harness its resources than the Africa Investment Forum (AIF), Africa’s premier investment market place.

This much was echoed and drummed into the ears of everyone present by His Excellency, Mr. Omar Kabbaj, Advisor to the King, representing His Majesty Mohammed VI, King of Morocco, when he said: “The AIF is unique, it is not just any forum; it is a transactional platform, where real business is conducted; where deals are made and where actions supersede rhetoric.”

What makes the AIF unique and remarkable is that it is highly innovative and 100% transactional. There is no other global investment forum like it. They develop and curate projects, reduce transaction costs and risks and accelerate the closure of deals. They also improve the overall business environment within which projects and investments are structured, developed and delivered, making investments to land in Africa smoothly.

Since the launch of the Africa Investment Forum in 2018, it has drawn more than 16,500 participants and generated investment interests of nearly 143 billion dollars. At the 2022 AIF Market Days, the Abidjan – Lagos highway corridor was able to secure 15.5 billion dollars of investment interests.

This corridor will transform the entire West Africa region and speed up regional integration and trade. Also last year, other investment interests were secured for 3.6 billion dollars for the East Africa Railway corridor, linking Tanzania, Democratic Republic of Congo and Burundi respectively. That the AIF has so far closed on deals, investment gaps with 11 billion dollars, ranging from Liquefied Natural Gas (LNG) renewable energy, agribusiness, industrial manufacturing, creative industry, housing and transport.

According to global statistics, the Africa population will reach 2.5 billion by 2050, and the continent will account for 25% of the global population. The New York Times recently affirmed in a headline, what we already know that the world is becoming more African. With a youth population of 477 million people between the ages of 15 and 25, Africa will be key for supplying the global labour force. Then, the size of the food and agriculture market in Africa will be worth one trillion dollars by 2030, in less than seven years from now.

The future of the seven trillion dollar electronic vehicle market is tied to Nigeria and other African countries. The size of the electric vehicles value chain is estimated to increase from the current seven trillion dollars to 157 trillion dollars by 2050. That future, according to the president of AfDB, Dr. Akinwumi Adesina, depends on Africa. That is because, as he asserted, Africa accounts for the largest source of the green metals for the development of electric vehicles, including platinum (70%), cobalt (52%), manganese (46%), bauxite (25%) and graphite (21%).

An assessment by Bloomberg NEF shows that the cost of manufacturing of lithium-iron precursor batteries in Africa is three times less than in the United States, China and Poland, all together. The global electric vehicle market has experienced significant growth, which is driven by increasing environmental concerns and advancement in technology. China, the United States and Europe are the three biggest electric vehicle markets globally. China has incentives such as subsidies, tax breaks and licence plate restrictions which have encouraged consumers to embrace electric mobility.

Dr. Adesina, said, “Five of the six pre-pandemic top performing African countries are projected to be back in the league of the world’s 10 fastest growing economies for 2023-2024. African economies provide some of the best investment opportunities in the world.”

The AfDB and partners are developing the 20 billion dollar Desert-to-Power project across 11 countries that share the Sahel zone, which, when completed, will be the largest solar zone in the world. These countries: Nigeria, Burkina Faso, Cameroon, Chad, The Gambia, Guinea, Mauritania, Mali, Niger, Eritrea and Senegal, are the ones located within the Sahel region.

So, whether it is in oil and gas, minerals and metals, renewable energy, agriculture or the labour force that will drive global growth, Africa is where it should be. This is just as investors put money where the future is. In this case, the future is in Africa. Investors should, therefore, see Africa, not from whatever they just hear, but from what the facts say. Africa is not as risky as some perceive, according to Dr. Adesina. He reiterated, “Invest in Africa and reap high-risk adjusted returns!”

The Africa Continental Free Trade Area, when fully operational, offers incredible opportunities for boosting intra-regional trade across borders and regions as well as the emergence of a more competitive national, regional and globally connected value chain as envisaged in the Special Sessions on Regional Corridors: Quest to Integrate Africa. This, it was agreed, can only be achieved through the development of infrastructure.

This is why the Africa Development Bank provided over 44 billion dollars for the development of infrastructure in the past seven years and also devoted 2.5 billion dollars for the development of regional infrastructure. This feat is enhanced by the bank’s support for regional integration focused on catalyzing public and private investment in transportation and electricity connections.

The AfDB and partners are implementing the 20 billion dollars Desert-to-Power Initiative to develop 10GW of solar power across 11 countries of the Sahel zone, including the Sahel regional transmission lines to assume reliable and competitively priced electricity for development of the corridors. The AfDB also supports the development and expansion of regional power pools, in collaboration with the African Union Commission and Regional Economic Communities.

“That is the Africa we want: A Fully Interconnected Africa, using regional corridor infrastructure and innovative regional financing instruments, to unleash economic opportunities and assure competitiveness of national and regional value chains; a well-connected Africa will be a more competitive Africa,” as asserted by Dr. Adesina.

Emphasising and reiterating the AfDB drive for the development of regional transport corridors is the need to fast-track the Integration of African economies. This initiative will reduce transport costs, connect land-locked countries to coastal countries and improve regional trade and competitiveness.

It is also aimed at ensuring that critical infrastructure, especially roads, ports, rails have connected countries to zones of major agricultural potentials or where there exist abundant mineral resources. As of 2022, AfDB had financed 25 transport corridors, constructed over 18,000 kilometres of roads, 27 border posts and 16 bridges for a total amount of 13.5 billion dollars.

The AfDB investment in Mozambique – Beira corridor transport is significantly helping to reduce transport costs of imports and exports for Mozambique, Zimbabwe and Zambia. This 259 million dollars strategic bridge, financed by the AfDB, the Japanese International Development Agency, and the European Union-Africa Infrastructure Trust Fund, contributes to regional connectivity in the North-South corridor and integration of the Southern Africa Development Community.

The 2.7 billion dollars NacaLa rail and port project in Mozambique connects Mozambique and Malawi strengthening export competitiveness and open markets along the corridors. This was financed by AfDB and partners. The Senegambia Bridge which was financed by AfDB and the European Union connects The Gambia and Senegal, reducing travel time by over 50%, and improving trade between both countries.

The Lagos – Abidjan highway, which connects Nigeria, Benin, Togo and Cote d’Ivoire, secured investment interest of 15.2 billion dollars at the AIF last year, from multiple financiers and investors.

According to His Majesty, Mohammed VI, King of Morocco, his country has been championing for an Inter-African coordinated and cooperation mechanism to be enhanced in various fields of endeavours with a view to achieving regional economic integration and hub; that is why the Morocco – Nigeria Gas pipeline project is part of that endeavour closest to his heart. He said, “This reflects his resolve to lay the groundwork for genuine regional cooperation. The project, he further stated, will enhance all countries along the pipeline route to have access to reliable energy supplies and to be more resilient to exogenous energy price shocks.”

The African Development Bank has pledged 500 million dollars to develop the strategic Lobito corridor, connecting Angola, Zambia and the Democratic Republic of Congo to interlink countries and boost trade. The AfDB President has highlighted five priority areas to fully optimise the benefits of the developing regional corridors across Africa. These include: Dedicating pooled financing facilities to corridor projects; building special industrial zones around the corridors to optimise existing infrastructure; adopting a systematic approach; and platform to syndicate around the development of strategic regional corridors.

He emphasised that the development of the regional corridors should be complemented with one-stop-border posts to facilitate trade in the corridors, adding that, to achieve this, the AIF will dedicate a special boardroom annually for regional corridors. This, he maintained, will foster greater collaboration, co-financing and foster development of strategic corridors.

The Alliance for Special Agro-Industrial Processing Zones to mobilise equity funding for the continent’s eco-system, a new initiative by the AfDB following the success of the Feed Africa Summit (FAS), which AfDB in partnership with the Senegalese government and Africa Union, held in January in Dakar, was attended by 34 Heads of State and Governments, according to the AfDB boss. He also informed that the summit had successfully mobilised 72 billion dollars towards implementing food and agriculture delivery compacts.

The initiative, according to Dr. Adesina, is aimed at mobilising at least two billion dollars in financing and investment commitments from Alliance members and partners over the next five years. However, meeting the financing goal will deliver an additional 15 to 20 Special Agro-Industrial Processing Zones (SAPZ) projects in various countries across the continent.

The AfDB president stressed that the Alliance would raise funds through various investment windows for project preparation, project development and construction and financing for tenant companies. By so doing, the Alliance will bridge critical financing gaps, complement existing initiatives and mobilize resources towards the common goal of enhancing agricultural value addition in Africa.

The platform will also provide project preparation, finance, equity and debt investments, technical assistance, as well as project tracking and oversight. It will further help with improving administrative policy and investment incentives never envisaged previously.

The auspicious African Flagship Platform and Global brand was attended by Heads of State and Governments, Ministers from Africa, Captains of Industries and Corporate Africa, prominent among whom were His Excellency, Mr. Azali Assoumani, President of the Union of Comoros, and the Chairperson of the African Union, Her Excellency, Ms. Samia Suluhu Hassan; President of the United Republic of Tanzania, Her Excellency, Ms. Mia Amor Mottley; Prime Minister of Republic of Barbados, His Excellency, Mr. Julius Maada Bio; President of the Republic of Sierra Leone, His Excellency, Mr. Edouard Ngirente; Prime Minister of the Republic of Rwanda, Her Excellency, Ms. Nadia Fettah Alaoni; Minister of Economy and Finance of the Kingdom of Morocco, and Honourable Ministers that include Professor Benedict Oramah; President of the African Export-Import Bank, Mr. Samaila Zubairu; President of the Africa Finance Corporation (AFC), Mr. Alain Ebobisse; Chief Executive Officer of the Africa 50, Ms. Boitumelo Mosako; Chief Executive Officer of the Development Bank of Southern Africa, Mr. Werner Hoyer; President of the European Investment Bank, Dr. Muhammad Sulaiman Al Jasser; President of the Islamic Development Bank, Mr. Admassu Tadesse; President Emeritus and Managing Director, Trade and Development Bank, His Excellency, Babajide Sanwolu of Lagos State of Nigeria. Others in attendance were business leaders and investors from around the globe.

The Presidential Panel was attended by five Heads of State and Governments. There was robust engagement in challenges facing the continent. President Julius Maado Bio of Sierra Leone called for aggressive diversification of economies and attributed the desperation of youths to leave the continent to the low knowledge index of the economy.

According to him, hundreds of African youths who die in the Atlantic Ocean while crossing to Europe are searching for jobs exported by African countries, owing to failure to add value to their communities. The president of Sierra Leone said value addition is a necessary option for growing resilient national economies across Africa and noted that the continent needs to move from merely talking to action.

For the Tanzanian president, Suluhu Hassan, there are a lot of obstacles to trade and investment in the continent. He urged his colleagues to work towards removing the obstacles to make the continent a destination of global investment and pride.

On his part, the Rwandan Prime Minister, Edouard Ngirente, noted that time is ticking fast and the government could not afford to continue lamenting missed opportunities and chances, but rather move quickly and build the economy that their citizens deserve.

The Lagos state governor, Mr. Babajide Sanwolu, on the sideline, spoke about food security through direct food hub in Africa and how his administration wants investments to be domiciled in local currency to de-risk forex, interest rate challenges. He further revealed, in his remarks, that the Lagos state government is working assiduously to adopt a strategy where the investments coming to be domiciled in the state would be in local currency. Such a strategy, according to him, will deepen Nigeria’s own currency and also help the citizens; de-risk foreign currency interest rates and other issues. “So, indeed, this would be a lot of money. It could be billions of dollars in local currency or trillions of Naira. That is the kind of thing that we are going to pick,” he said.

Speaking on the need to sweat out public assets more in order to generate revenue and cash, the governor explained that the government is discussing with the Federal Ministry of Finance, adding that there are a lot of assets that are also in Lagos, which they want to determine the real ownership and what percentage everybody owns. That, he noted, will be able to free up dead assets that are locked down in some sectors and take them back to become new investable instruments.

Also speaking on the Lagos state completion of red-line railway by the end of 2023, and partnership with Ogun state on the project, Mr. Sanwolu revealed that they are partnering with Ogun state, adding that the red-line railway project is getting into Ogun state.

The governor added that his administration is committed to leveraging opportunities created by the on-going AIF and the interface with investors from across the world to create projects that impact lives of the indigenes.

“I came to this forum for the exchange of ideas with the global business community to identify areas of mutual economic relationship to enable my government come up with policies that could easily ramp up projects in transportation, food processing and film industry, amongst others, to help change the lives of the people.

“With the benefit of having about 23 years of consistency and unbroken policy environment, I have no doubt that the issue of political risk that many people are often concerned about, won’t indeed be an issue in the state.”

The managing director and chief executive of Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Philip Mshelia, on the sidelines, listed the federal government’s import tax, value added tax (VAT) and the chronic shortage of foreign exchange facing importers as the key variables behind rising cost of cooking gas in Nigeria.

Mr. Mshelia, therefore, urged the federal government to take a second look at those factors which, he said, impact about 60% of the product component if it wants Nigerians to enjoy lower prices of cooking gas.

According to him, Nigeria needs more investments in that area to propane development, so that more development and investments need to take place. Propane, he revealed, can be used for transportation, power generation and cell-phone tower.

“There is a huge investment opportunity in propane. The produce is there, but, it is also a question of balancing supply and demand to create opportunity for more investment inflows to come into the country,” he said.

The Group Chief Executive Officer, Nigeria Exchange (NGX) Group Plc, Oscar Onyema, while speaking at the Market Place Africa, advised African governments to reposition their economies to attract financial investments. He went further to urge African leaders to remove roadblocks, ensure connectivity to transportation and boost money payment systems on the continent and, therefore, commended President Bola Tinubu administration’s efforts towards ensuring a business-friendly environment when they come to a country to do business.

He said, “All these things are critical, and Nigerians understand that when you look at what the current administration is doing, these things are very important, because investment flows are ubiquitous. They will go where it is easiest for them; that from the capital market perspective, we have been talking to investors; portfolio investors do not like uncertainty. They like transparency; they like to be able to model expected returns to be able to articulate risk and manage risk.

“The Nigerian Stock Exchange Group is at the global African platform to showcase projects and connect with investors,”

While commending the AIF, he said it was a good platform that brought together various players, the governments that provided the facilitation, the project sponsors and the investors. On the effect of political risk on investors, he said political risks are not peculiar to Africa, but are found everywhere in the world.”

The event was under the highest patronage of His Majesty, Mohammed VI, the King of Morocco, who also said given the unpredictable situation and the scale of development finance needs in Africa, the role of the private sector has been gaining greater importance in achieving African countries’ development objectives.

He said further, “State budgets alone cannot cover all the investment needed, especially in high-potential, job intensive sectors. Considering the great many investment opportunities it offers private operators, Africa needs, now more than ever, bold, innovative initiatives to encourage private entrepreneurship and unleash the full potential of our continent.”

The King of Morocco added, “That is why initiatives such as the African Investment Forum (AIF), which is sponsored by the AfDB, are commendable, because they help direct private investment towards the most promising economic sectors, thus reinforcing the integration of Africa’s economies into global value chains.”

All the high network corporate Africans, Heads of Governments, Ministers from across Africa, agreed that, indeed President of the AfDB, Dr. Akinwumi Adesina, is a global brand; chief optimist of Africa and a great and foremost marketing chief executive of Africa who has used the AfDB platform to change the narrative of Africa; deconstruct conversation favourable to Africa and shape opinions that, indeed, Africa is bankable and the risks are minimal, unlike what most books are saying as he re-echoed time again that “the future is indeed Africa and the time is now for investments and investors to see the continent as the new market place of ideas and unlocking the continent’s value chain.”

The Senior Director of Africa Investment Forum (AIF), Chinelo Anohu, a change-agent, who has many successful brands to her name and has grown the AIF brand from scratch to what it is today as Africa’s flagship financial transactions platform for African Development with her phenomenal team, said, “Africa must trust Africans with their ideas, innovations and strategy for the future.”

The event was co-sponsored by the Africa Export-Import Bank, Africa Finance Corporation, Africa 50, and Development Bank of Southern Africa, European Investment Bank and the Islamic Development Bank.

…Omoba Kenneth Aigbegbele is the executive secretary, Citizens Watch Advocacy Initiative (CWAI) and president, GOCMEJ.