Agribusiness Investments on the
LAKAJI Corridor:
Promising Opportunities and Shared Value
August 28-29, 2013
Abuja, Nigeria
Presentation Overview
– Background: LAKAJI Agricultural Corridor Assessment
– Overview of Findings
– Corridor Approach
– Investment Opportunities
– Next Steps
Background: NEXTT LAKAJI Corridor Assessment
• Nigeria Expanded Trade
and Transport (NEXTT)
Program
• Lagos-Kano-Jibiya
(LAKAJI) Corridor
• Over 100 meetings:
public, private,
development partners
Objectives: NEXTT LAKAJI Corridor Assessment
Assess production, logistics, services, and infrastructure
investment needs for stimulating investments
Identify attractive, commercially-viable investment
opportunities with potential for high-impact results
Profile exemplary investment opportunities,
complementary investments, and financing needs
Assessment Findings: LAKAJI Corridor Features
Geographic Regions:
North, Middle Belt,
South
Value Chains and
Product Areas
(Domestic and Export)
Farming & Processing
(Farm to Fork)
Assessment Findings: High-Potential Value Chains
Domestic Market
•
•
•
•
•
•
•
•
•
•
Rice
Maize
Soybean
Cassava
Sorghum
Cotton
Tomato
Yams
Fruits and
Vegetables
Honey
•
•
•
•
•
Juices
Processed
Foods
Aquaculture
Poultry
Inputs (seeds;
fertilizer)
Export Potential
•
•
•
•
•
•
•
Cashew
Cocoa
Sesame
Shea
Cotton
Spices
Agric. equipment/ implements
Assessment Findings:
Complementary Needs for
Attracting Investments
• Infrastructure (roads, rail,
power, water, connectivity)
• Efficient transport and logistics
• Warehousing and storage
• Market Information
• Capital
• Food Safety/Standards
• Enabling Policy
Vision for the LAKAJI Agricultural Growth Corridor
• 8 States
• Focus on domestic &
export market potential
• Cluster approach
• Small holder integration
• Value-added processing
• Efficient logistics
• Infrastructure
• Business development
services
Investment Profiles: 33 “Exemplary Cases” for
immediate and viable agribusiness investments
Info Included:
• Market Opportunity and Investment Needed
• Enabling Environment
Investment Profiles: Kano Tomato Factory – Profile
Top
Opportunities Identified: Projects by Functional
Area
Abundant production and processing opportunities on the Corridor
2
2
Production
4
Processing
16
Warehousing &
Logistics
Inputs
6
Manufacturing
13
ICT
Opportunities Identified: Functional Areas & Value
Chains
Investment Type
Value Chains
Production
Cashew, Cassava, Cocoa, Fruits, Cotton, Fish, Honey,
Maize, Rice, Sorghum, Soybean, Horticulture
Processing
Warehousing &
Logistics
Inputs
Manufacturing
ICT
Cashew, Cassava, Cocoa, Fruits, Cotton, Fish, Honey,
Maize, Oils, Poultry, Rice, Shea, Soybean, Horticulture
Cassava, Cotton, Dairy, Fish, Frozen foods, Fruits, Fruit
Juices, Maize, Poultry, Prawns, Rice, Sesame, Sorghum,
Soybean, Horticulture
Fertilizer, Infrastructure, Poultry Feed (Maize, Soy and
other Grains), Seeds, Transportation
Farm Infrastructure (Tractors), Infrastructure (mineral and
agro-allied equipment), Transportation (trucks)
Infrastructure
Opportunities Identified: Financing Needs
Size: $100K – $130M, median value $5M to $10M
Deal Types: Many Greenfield and Joint Venture Opportunities
25
20
15
10
5
0
Greenfield
Joint
Venture
Equity
Partnership Privatization Acquisition
Partnership
Example Cluster: Niger State
Additional Illustrative Investment Opportunities
Oyo poultry feed + poultry farming & processing in Lagos
Cassava farming and processing in Ogun State
Vegetable oil mill in Kano (maize, cotton seed, peanuts)
Cashew production, processing and export in Oyo
Rice production in Kwara
Farmnet Commodities Exchange Platform
NEXT STEPS:
1. Creation of Lakaji Corridor Agribusiness Advisory Council
2. Establish Project Development “Facility”
3. Align Public & Private Sector Interests & Funding
4. Develop Pipeline of Potential Projects
5. Jumpstart Investments
Thank you
www.nigerianextt.org