Experts and stakeholders in Nigeria’s agriculture sector have called for enhanced coordination across the agricultural value chain as a critical strategy to boost productivity and strengthen national food security. The call came at the BusinessDay Future of Agriculture Conference, held in Lagos, which convened policymakers, agribusiness leaders, financial institutions, and development partners to address systemic challenges in the sector.

Themed “From Seed to Feed: Strengthening Agricultural Inputs for Food Security,” the conference explored the pressing constraints facing Nigeria’s agricultural input systems, financing mechanisms, and infrastructure gaps. Discussions emphasized the need for integrated approaches that connect smallholder farmers, agribusinesses, and financial institutions.

Among the high-profile attendees were Abisola Olusanya, Lagos Commissioner for Agriculture and Food Systems, representing Governor Babajide Sanwo-Olu; Special Adviser on Agriculture and Food Systems Oluwarotimi Fashola; Kola Masha, CEO of Babban Gona; and Ayodeji Balogun, Group CEO of AFEX, who delivered a keynote on improving farmers’ access to quality inputs to enhance productivity.

Speaking at a panel session, Kudzai Gumunyu, Divisional Head of Agribusiness and Non-Oil Export at First City Monument Bank (FCMB), highlighted the crucial role of financial institutions in supporting Nigeria’s smallholder-dominated agricultural landscape.

“Smallholder farmers account for nearly 90% of Nigeria’s agricultural output. Building inclusive financing models that reflect their realities is essential. This includes strengthening risk mitigation frameworks through structured guarantees and strategic partnerships that de-risk lending while ensuring farmers have the capital to expand production,” Gumunyu said.

He further emphasized the benefits of a value-chain-led financing approach, where credit flows are aligned with production, aggregation, and market access. “Coordinated value chain mobilisation can unlock productivity, enhance yields, and strengthen overall food security outcomes,” he added.

Conference discussions also highlighted the need for improved access to quality agricultural inputs, expanded infrastructure, and stronger collaboration between public and private sector actors.

FCMB reaffirmed its commitment to supporting agribusinesses and non-oil exports through partnerships aimed at enhancing financial access and building resilient agricultural systems capable of meeting Nigeria’s growing food demands.