A United States-based company, John Deere, has pledged to set up a tractor assembly plant in Nigeria.
Federal Government’s efforts to attract foreign investments may have begun to yield results, as an American company, John Deere, has resolved to set up a tractor assembly in Nigeria.
The company’s interest to invest in the nation’s
agricultural sector was communicated during a meeting between Vice President
Kashim Shettima and top officials of the organisation, led by its Vice
President on Production Systems, Jason Brantley.
The parley,
facilitated by Chairman of Flour Mills of Nigeria, John Coumantaros, also had
the Minister of Agriculture, Abubakar Kyari, Consul General of Nigeria in New
York, Ambassador Lot Egopija and Senior Special Assistant to the President on
Agribusiness and Productivity, Dr. Kingsley Uzoma, in attendance.
Interacting with investors, Shettima restated Nigeria’s
commitment to transforming agriculture as a pathway to tackling insecurity and
improving the livelihoods of smallholder farmers.
“Without mechanisation, you can never be truly
self-sufficient in food production. President Bola Ahmed Tinubu is fully
committed to revitalising the Nigerian agricultural sector. And for us to be
self-sufficient in food production, three key elements are essential. First is
certified seeds, then mechanisation, provision of fertiliser and of course,
agricultural extension services,” he noted.
Shettima, who spoke on the Special Agro-Industrial
Processing Zones (SAPZs) project stated: “It is designed to provide the
infrastructure, platform and framework for the private sector to add value to
Nigeria’s agricultural produce for the domestic, regional markets and the
global community.”
Assuring the investors that the most populous black nation
is now open for partnership, the Vice President added: “The President declared a food security
emergency in August this year fundamentally anchored on the fact that we are
exposed to all the volatility in the world. We are vulnerable, we are exposed.
This is why we are putting in place the mechanisms towards addressing
challenges in the sector, and we cannot afford to do otherwise.”
Earlier, Brantley spoke about his organisation’s planned
investment in the country, assuring that the project would unlock Nigeria’s
agricultural potential, by creating an organised approach to tractor-clearing
services for smallholder farmers across the federation.