Agribusiness “Anambra State, if given the right support, can enhance the agriculture sector in Nigeria. Beyond just food production, Anambra State is going a step further with activities involving the entire value chain.” Anambra State Ministry of Budget and Economic Planning
The state’s agricultural sector is developing rapidly and has attracted investments worth USD 1 billion since 2014
Anambra State is the second smallest state in the country by land mass, with less than 300,000 hectares of land available for cultivation. However, the state’s success is hinged on its strategic approach to agriculture which involves soil testing to determine the best locations to grow rice, maize and cassava. The state’s agricultural sector is rapidly developing and has attracted investments worth USD 1 billion from nine (9) organisations since 2014. Investors include Coscharis, Joseph Agro and Delfarms across rice, tomatoes, malting plants and integrated farm projects. Rice production in 2016 was estimated at 230,000 metric tonnes, exceeding the target of 210,000 metric tonnes. These investments are to ensure the state reaches and exceeds its local consumption demand of 320,000 metric 17 tonnes . The Agro-revolution initiated by the current administration led to the establishment of the Agricultural Export Programme resulting in the first vegetable (fluted pumpkin and bitter leaf) export to the United Kingdom in January 2016. The value of the 18 export was estimated at USD 5 million . The state has continued to export vegetables through a special arrangement with ABX World Cargo Ltd in partnership with Bosh Produce and Eagle Solution. The state is also providing critical links between farmers and industries e.g. Delfarm/Songhai farms producing Sorghum in commercial quantity have been linked with South Africa’s brewing giant, SABMiller. A similar arrangement is being sought for Tiger Foods (largest spices makers in West Africa) and Grand Cereal Limited.
Major business constraints cited are around the poor organisation of farmers, inadequate processors, and limited market outlets for produce.
According to the 2017 budget presentation, the government has increased budgetary allocation to agriculture by 500% to NGN 5.4 billion as part of its strategy to become a top 3 producer of rice, maize and cassava.