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Invest in large-scale storage ahead of crisis — Report

The Agriculture Industry Report 2021 has recommended the need for improved production methods that are more efficient and sustainable and investing in large-scale storage so that national reserves are sufficient in times of crisis.

Sponsored by Sterling Bank, in partnership with StearsData, the report provides the most up-to-date views of the challenges and opportunities in Nigeria’s agriculture sector in the COVID-19 era.

Bukola Awosanya, Group Head of Agric Finance and Solid Minerals at Sterling Bank, said the industry report empowered players in the agriculture sector with a navigation roadmap, while affirming Sterling Bank’s commitment to de-risking and making the domestic agriculture value chain more viable for commercial lending.

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Awosanya said, “The goal of the report is to help investors and operators understand the challenges facing the sector, consider recommendations by experts, and become aware of relevant opportunities; both now and in the future.”

According to Michael Famoroti, Chief Economist at Stears, the Agriculture Industry Report 2021 provides insights and actionable recommendations for future-proofing the sector from severe disruptions such as the COVID-19 pandemic.

 

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