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The Nigeria Agribusiness Report features Business Monitor International's market assessment and independent 5-year forecasts covering the supply and demand outlook for the livestock, dairy, grains, rice, sugar, edible oils, coffee and cocoa sectors. ( Nigeria Agribusiness Report - Business Market Reports )
Business Monitor International's Agribusiness service also provides proprietary medium term price forecasts for key commodities, including corn, wheat, rice, sugar, cocoa, coffee, soy and milk; in addition to newly-researched competitive intelligence on leading agribusiness producers, traders and suppliers; in-depth analysis of latest industry developments; and essential industry context, such as the background macroeconomic outlook and the downstream supply chain.
Key Benefits
Use BMI's independent 5-Year industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
Apply BMI's medium term commodity price forecasts to assist with budgetary planning and the identification of investment opportunities and potential risks
Exploit latest competitive intelligence on your competitors and peers in Asia, Europe, Latin America, the Middle East and Africa through our company rankings and analysis.
Executive Summary
We believe that the government's recent attempts to stimulate agricultural production through a mix of public-private partnerships have brought a reasonable degree of initial success, contributing to positive growth forecasts in all categories covered in BMI's latest Nigeria Agribusiness Report; barring beef, we forecast double-digit supply and demand growth across the board.
The Nigerian Federal Government's efforts to revitalise the high potential of the domestic agricultural industry seems to be reaping positive developments. A recent World Bank funded US$150mn assistance package is stirring official sentiment that substantial levels of private-led investment can be attracted to the industry, thus helping the major food-importing country become both self-sufficient and an exporter of dietary staples.
The Commercial Agricultural Development Project (CADP) will be piloted in five states across the country enabling farmers to receive support in the production of staples such as corn and rice, in order to help alleviate the food crisis. It is also hoped that the domestic supply chain in goods like palm oil, cocoa, poultry and aquaculture can be developed with around US$50mn of the fund, which would stimulate local employment opportunities, as well as reduce the amount of food purchased from overseas.
The first part of the project will entail bolstering agricultural production systems to stimulate staple crop production. Following this, support to value-added goods will be implemented, before the final two stages aimed at facilitating market access and building infrastructure. The government also plans to launch a marketing initiative, promoting the industry to graduates as a profitable alternative to city-based employment in the industrial and services sectors. As such we see strong potential for solid output growth in grains production which should, in turn, feed through into the livestock outlook.
Indeed, poultry production is one of the areas where we are particularly optimistic for 2009; the government recently invested 15% capital in a public private partnership (PPP) venture with African Chicken Farm, a renowned Syrian agribusiness specialist, to substantially expand poultry production in the northern state of Kwara. The project will cover 700 hectares and around US$400mn will be used to build what will be the largest chicken farm in Africa. The initiative should get underway by the end of 2009 with the aim of producing 3mn poultry per year at full capacity.
To know more and to buy a copy of your report feel free to visit : Nigeria Agribusiness Report - Business Market Reports
Or
Contact us at :
Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: Bharat Book Bureau - Business Market Research Reports & Industry Analysis
Blog: BharatBook.com : Business Market Research
Follow us on twitter: Sunil Nair (3bbharatbook) on Twitter
Business Monitor International's Agribusiness service also provides proprietary medium term price forecasts for key commodities, including corn, wheat, rice, sugar, cocoa, coffee, soy and milk; in addition to newly-researched competitive intelligence on leading agribusiness producers, traders and suppliers; in-depth analysis of latest industry developments; and essential industry context, such as the background macroeconomic outlook and the downstream supply chain.
Key Benefits
Use BMI's independent 5-Year industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
Apply BMI's medium term commodity price forecasts to assist with budgetary planning and the identification of investment opportunities and potential risks
Exploit latest competitive intelligence on your competitors and peers in Asia, Europe, Latin America, the Middle East and Africa through our company rankings and analysis.
Executive Summary
We believe that the government's recent attempts to stimulate agricultural production through a mix of public-private partnerships have brought a reasonable degree of initial success, contributing to positive growth forecasts in all categories covered in BMI's latest Nigeria Agribusiness Report; barring beef, we forecast double-digit supply and demand growth across the board.
The Nigerian Federal Government's efforts to revitalise the high potential of the domestic agricultural industry seems to be reaping positive developments. A recent World Bank funded US$150mn assistance package is stirring official sentiment that substantial levels of private-led investment can be attracted to the industry, thus helping the major food-importing country become both self-sufficient and an exporter of dietary staples.
The Commercial Agricultural Development Project (CADP) will be piloted in five states across the country enabling farmers to receive support in the production of staples such as corn and rice, in order to help alleviate the food crisis. It is also hoped that the domestic supply chain in goods like palm oil, cocoa, poultry and aquaculture can be developed with around US$50mn of the fund, which would stimulate local employment opportunities, as well as reduce the amount of food purchased from overseas.
The first part of the project will entail bolstering agricultural production systems to stimulate staple crop production. Following this, support to value-added goods will be implemented, before the final two stages aimed at facilitating market access and building infrastructure. The government also plans to launch a marketing initiative, promoting the industry to graduates as a profitable alternative to city-based employment in the industrial and services sectors. As such we see strong potential for solid output growth in grains production which should, in turn, feed through into the livestock outlook.
Indeed, poultry production is one of the areas where we are particularly optimistic for 2009; the government recently invested 15% capital in a public private partnership (PPP) venture with African Chicken Farm, a renowned Syrian agribusiness specialist, to substantially expand poultry production in the northern state of Kwara. The project will cover 700 hectares and around US$400mn will be used to build what will be the largest chicken farm in Africa. The initiative should get underway by the end of 2009 with the aim of producing 3mn poultry per year at full capacity.
To know more and to buy a copy of your report feel free to visit : Nigeria Agribusiness Report - Business Market Reports
Or
Contact us at :
Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: Bharat Book Bureau - Business Market Research Reports & Industry Analysis
Blog: BharatBook.com : Business Market Research
Follow us on twitter: Sunil Nair (3bbharatbook) on Twitter