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                  The Minister of Agriculture and Rural Development, 
Dr Akinwumi Adesina, has said that agriculture attracted private sector 
investment valued at eight billion dollars in the past two years.
Adesina said this in an a News Agency of Nigeria (NAN) Forum on Sunday in Abuja.
He
 said that the huge investment was realised because of the positive 
impact of the Federal Government’s Transformation Agenda on 
agri-business in the country.
“In the last two years, we have 
been able to attract eight billion dollars of private investment 
commitment in to agriculture sector in Nigeria and four billion dollars 
is being implemented as we speak.
“ Dangote  has put nine billion
 dollars into a petrochemical plant and a fertiliser manufacturing 
plant; Indorama put 1.3 million dollars into fertiliser 
manufacturing.Indorama is an Indonesian company. 
“Notore  has invested 1.5 billion dollars to expand its fertiliser manufacturing plant in Nigeria.
“Why are they doing that? It is because they see that the direction we are going with agriculture as a business is working.”
The
 minister said Syngenta, the world’s leading seeds production company, 
had established a company in Nigeria and hired 14 Nigerians as staff.
He
 quoted Michel Demare, the Global Chairman of Syngenta AG, a specialized
 chemicals company which markets seeds and pesticides, as saying: “the 
direction Nigeria is going makes me feel that the demand for seeds is 
going to rise in the country.”
Adesina added that the best 
performing stocks in the Nigerian market today were agriculture-related 
stocks, which he said, “perform better than banks.”
The minister 
pointed out that through the Federal Government’s Growth Enhancement 
Support (GES) scheme, banks had begun to offer loans to farmers, seed 
companies, and agro-businesses “like never before.”
He said the 
banks were currently adapting their profit-driven business to 
accommodate the agriculture sector owing to the massive potentials 
inherent in the sector.
“Last year, the banks lent to those agro-dealers, 3.5 billion naira, first time ever.
“Tthis year, the banks lent 20 billion naira to those agro-dealers.“
The
 minister said banks’ readiness to extend the loans offered to farmers 
and agro-dealers testified to the significant progress that had been 
made in the sector.
He commended the Central Bank Governor, Malam
 Lamido Sanusi for his contribution to the growing confidence of the 
banks in the agriculture sector.
            
 
 
 