…MOFI calls for value chain investment
The Chief Executive Officer and Managing Director of the Ministry of Finance Incorporated (MOFI), Armstrong Ume Takang, has urged increased investment in Nigeria’s agricultural sector. He made the call during the Integranium Investment Forum on Crop Farming held in Abuja, under the theme “From Seed to Shipment: Redefining the Crop Farming Value Chain.”
Takang said agriculture remains key to economic growth, job creation, and food security. He added that MOFI is working with institutions such as the Bank of Agriculture, Bank of Industry, and PFI-NPK to build partnerships across the value chain.
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Food security as national priority
“Food security is national security,” Takang stated, as he highlighted the need to build domestic capacity through infrastructure, policy, and skilled labour. He stressed that strengthening the crop farming sector can support small and medium-sized enterprises and improve the country’s food systems.
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Export challenges and traceability gaps
Dr. Femi Ogunseinde, MOFI’s Executive Director of Investments, said Nigeria must pursue food sovereignty by meeting domestic needs and producing surplus for export. He noted that the absence of a traceability system limits Nigeria’s ability to enter global markets, but MOFI is working on partnerships to address this gap.
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Need for collaboration
Dr. Abdullateef Shittu, Director General of the Nigeria Governors’ Forum, said, “Growth in agriculture is 2–3 times more effective at reducing poverty than growth in other sectors.” He called for closer collaboration between government, the private sector, and donors to unlock the sector’s full potential.
