Blumberg Grain to Invest $250 million in Nigeria’s Agricultural Sector

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Blumberg Grain is working with the Nigeria’s Minister of Agriculture to make the country a hub for grain storage and cold storage in Africa.

The investment will provide logistics for agricultural purposes.

The project is estimated to cost $250 million. This was confirmed by Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala.

The minister also added that the World Bank and the IMF had agreed to create a Social Protection Programme to address the issue of growth and job creation for Nigeria and some other developing countries at the bottom end of the development ladder. “We just announced our rebased Gross Domestic Products (GDP). The rebase is stronger, it was well received, it elicited a lot of interest among participants and also private sector people, who came to say they were interested in investing,” she said.

The biggest focus is on the global recovery and what needs to be done for the countries at the bottom of the ladder to either strengthen their position and make sure that whatever the circumstance, they are able to prevail and come out with a strong economy.

While the recovery of various economies is on, it is unavoidably slow.

Author Bio

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Mrs. Yemisi Akibu ( nee Awokoya) is the Chief Executive Officer of Belvyna Global, an agricultural consultancy service firm based in Lagos, Nigeria She is a former Team Member of the Agricultural Department of Union Bank of Nigeria Plc, one of Nigeria's first generation banks. She holds a B.Sc degree in Agricultural Economics from the University of Ibadan, Nigeria and a Masters degree in National Development and Project Planning from the University of Bradford, West Yorkshire, United Kingdom. She is passionate about the role agriculture plays in the social, economic, political development of a nation. She holds the view that one of the pillars of stability of a nation food security and this can only be achieved through the holistic development of the agricultural sector. She can be contacted via: yemisiakibu@gmail.com or info@belvynaglobal.com Remember, The Farmer Is King Enjoy my blog

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