By Chris Dilli
The Adamawa State Government has formally unveiled it’s Agribusiness support programme at an Investors dinner on Friday in Lagos, Nigeria’s commercial hub.
The home grown Agribusiness Programme is the first of its kind in the capital market in Nigeria.
The Adamawa State Governor, Ahmadu Umaru Fintiri told Investors that Adamawa State is open for business and urged
them to take advantage of the rich potential of the State and invest in the Adamawa Agribusiness Support Programme.
The Governor notes that “It isn’t only ingenious, but legendary”.
According to the Governor, the launch of the State’s debut into the capital market with a strange, but unique product will turn the fortunes of Adamawa and help her look elsewhere instead of relying on oil and federation account allocation.
“It is the first Agribusiness bond with a creative emphasis on the demand side of the agricultural value chain in Nigeria. The numbers are real and scientific. The potentials are huge and inticing, and the business environment- from governance policy to market dynamics is safe and guaranteed”.
He therefore used the opportunity to call on wise Investors to key into the programme which he believes is an opportunity for shared prosperity.
On the part of Government, Ahmadu Umaru Fintiri notes that his administration is committed to navigating the market conscious of the burden of responsibility not only to the investing community, but to the people of Adamawa whom he is under Oath to serve.
In their separate remarks, the FBN Quest Managing Director, Oluseun Olatiloye and the Lead Consultant of Arewa Research Development Programme, Aminu Buhari were optimistic that the Adamawa Agribusiness Programme will turn around the fortunes of the State.
They commended the new thinking of Governor Ahmadu Umaru Fintiri to unlock the potentials of Adamawa, describing it as an attempt to formalise the economy, provide enabling incentives for Investors to participate as well as collect more revenue.
The transaction is expected to close next week.
The Investors dinner was attended by captains of Industry and heads of financial institutions from across Lagos.