Agribusiness & Food Security Dialogues

Virtual | Sept- 03, 2020, 10:00 AM

Speakers include:

Niyi Ogungbade

MD/CEO - GroupFarma

Bram Wits

Agricultural Counselor for West Africa - NL

Sadiq Usman

Deputy Chief Operating Officer - FMN

round

Sponsors: 

Industry Partner : 

OVERVIEW 

Every year, BusinessDay hosts the Agribusiness and Food Security Dialogue to push forward the debate on optimal ways to improve the contribution of the agricultural sector to national productivity.

At previous editions, speakers have discussed pathways to the upliftment of rural farmers to sustainable prosperity, farm inputs policy design, alternatives for the achievement of self-sufficiency in staple foods, factors that can create a conducive environment for increased farm exports, solutions to logistics and infrastructure challenges, recent developments for the reduction on post-harvest losses, and the state of progress on raising local production quotas in manufacturing inputs.

SPEAKERS 

Alhaji Muhammad Sabo Nanon

Honorable Minister of Agriculture of Rural Development

Bram Wits

Agricultural Counselor for West Africa

Onyeka Akumah

CEO - Farmcrowdy

Sadiq Kassim

Group Operations (Abuja) of TGI Group

Sadiq Usman

Deputy Chief Operating Officer of the Agro-Allied Division of FMN Plc.

Engr Olusegun A.I. Falade

General Manager, Golden Agri-Inputs

Emomotimi John Agama

Deputy Director/ Head Registration, Exchanges and Market Infrastructure and Innovation Department

Niyi Ogungbade

MD/CEO - Groupfarma

Dr. Ikechi Mgbeoji

Commissioner for agriculture Abia state

ARC kabir Ibrahim

National President

All Farmers Association Of Nigeria

Dr. Ikechi Mgbeoji

Senior lawyer with Blackfriars LLP in Lagos.

ARC kabir Ibrahim

National President

All Farmers Association Of Nigeria

Meghan Curran

West Africa Director, Acumen

Dr. Paul L Oluikpe

Associate Head Financial Inclusion Secretariat

Niyi Toluwalope

CEO, eTranzact International Plc

Ebehijie Momoh

Senior VP, GM, West Africa, Mastercard

Jacqueline Jumah

Head, Digital Financial Services at EFinA

Dr. Adesola Adeduntan

Managing Director First Bank of Nigeria Limited

DISCUSSION POINT

Panel 1: Full term Scorecard: A review of the Agricultural Promotion Policy (2016 – 2020) and its impact on States.

This session will examine the effectiveness of the Agricultural Promotion Policy, otherwise known as the Green Alternative, over the course of its 4-year term. The policy was conceived to:

  • Tackle Nigeria’s inability to meet its domestic food demands for crops like rice, wheat, sugar, horticulture, soya beans, maize, fish and dairy milk
  • Repair its failure to match the quality standards to make its agricultural exports attractive in international markets with priority given to produce in which Nigeria enjoys a relative comparative advantage such cocoa, cowpeas, cashew, cassava, ginger, sesame, oil palm, and cotton.

Panel 2: Intent vs. Results: Perspectives on the Performance of the Anchor Borrowers Program

The Anchor Borrowers Program is arguably the most high-profile agricultural intervention program in Nigerian history. 

The program, which was established by the Central Bank of Nigeria in 2015, is administered by the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.).

On this panel, discussants will examine:

  • The financial performance of the ABP
  •  The non-financial performance of the ABP
  • Whether the ABP should be superseded by a National Agricultural Development Fund (NADF) to be managed and disbursed outside the commercial bank involvement
  • If development mandates like agricultural intervention programs are outside the scope of the Central Bank of Nigeria
  • The case to widen the universe of beneficiaries such as poultry farmers that are presently excluded
  • The case for and against inclusion of all states in the program If participation should be extended to cover small-scale industries such as those involved in packaging
  • The state of governance, transparency and reporting of ABP.

Panel 3: Beyond goodwill: Achieving Efficiency and Raising Resilience of Backward Value Chains among FMCGs

This panel will discuss:

  • Ways to enhance the rate of success for programs that aspire to integrate smallholder farmers more tightly into supply chains.
  • Lessons from their experiences.
  • Where there have been delays in reaching time-bound goals, causes of the delays.
  • The value of international partners, and the expertise they bring.Quality and depth of public reporting on progress.
  • The role of government in supporting these initiatives beyond declaring ambitious backward integration goals.
  • The cost dimensions of backward integration and implementing best practice programs that put smallholder farmers’ development first
  • Why more companies are not involved in such projects aimed at smallholder farmers.

Panel 4: Called to question: The reputational future of farm crowdfunding platforms and Agritech start-ups 

Agritech companies burst on the scene a few years ago. Their pitch was that they could deliver the upside of investing in farm produce without the hassles of ownership such as land purchase, management of farm workers, pest control, storage and transportation to market. 

These companies emphasize their competence in handling end-to-end tasks throughout the farming cycle. 

From access to finance to the provision of farm inputs such as quality seeds, fertilisers, insecticides and pesticides, as well as other extension service, they help smallholder farmers raise yields and quality.

This panel will discuss:

  • The implications of the Exposure Draft as it applies to “Crowdfarming”
  • Whether regulation is necessarily a good thing and how much regulation should apply
  • The size of the segment, how much money has flowed in in recent years, profile of investors, and returns versus other investments
  • The extent to which smallholder farmers benefit from Crowdfarming
  • The risks to smallholder farmers if the segment declines in future
  • The resilience of the business model in the aftermath of COVID-19
  • The outlook for the segment: niche or mainstream?

TARGET AUDIENCE 

AGENDA 

10:00 a.m.-10:10 a.m.

Welcome Address

by Mr. Frank Aigbogun, Publisher, BusinessDay Media Ltd.


10:15 a.m. – 10:35 a.m.

Progress Briefing by the Honorable Minister of Agriculture

10:40 a.m. - 11:30 a.m.

The Cock Pit, Views from the Summit:

A review of the Agricultural Promotion Policy (2016 – 2020) and its impact on States


11:35 a.m. – 12:25 p.m - Panel 1

Perspectives on the Performance of the Anchor Borrowers Program


12:30 p.m. - 12:40pm

Address by flourmills

12:45 p.m. – 1:35 p.m - Panel 2

Achieving Efficiency and Raising Resilience of Backward Value Chains among FMCGs


1:40p.m. - 2:05 p.m

Address by Kingdom of Netherlands

2:10 p.m. – 3pm - Panel 3

Called to question: The reputational future of farm crowdfunding platforms and Agritech start-ups


3:05p.m Closing remarks

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