Nigeria’s Agricultural Financing Gap

Frans Ojielu, Global Financial Advisor at ICMG Nigeria, emphasized that achieving food security requires accessible financing for agricultural development. This gap hinders scaling agribusiness to meet national aspirations.

Kazim Yusuf, CEO of Kord Capital in Lagos, noted that Nigeria lacks adequate private equity activity for its size, particularly in agriculture. He stated that even experienced investors struggle with agricultural sector opportunities, highlighting the sector’s unique challenges.

While private equity and venture capital are critical for agricultural development, Nigeria has seen limited activity beyond technology-focused investments. Ojielu observed that the sector’s potential remains underutilized despite growing interest in innovative financing solutions.

Current private equity activity in Nigerian agriculture falls short of national ambitions, with the sector needing significant investment to match its potential. Despite improving possibilities, the lack of substantial funding continues to impede progress.