LAGOS — The Adamawa State Government has formally unveiled its Agribusiness support programme at an Investors dinner held in Lagos, Nigeria’s commercial hub.
According to a statement by Governor Fintiri’s Press Secretary Mr. Humwashi Wonosikou, the homegrown Agribusiness Programme is the first of its kind in the capital market in Nigeria.
Fintiri said 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.
The statement quoted Governor Ahmadu Umaru Fintiri as saying that Adamawa State is open for business and urged investors to take advantage of the rich potential of the State and invest in the Adamawa Agribusiness Support Programme.
Governor Fintiri notes that “It isn’t only ingenious, but legendary”.
“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 enticing, and the business environment- from governance policy to market dynamics is safe and guaranteed,” Fintiri said.
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 initiative of Governor Fintiri to unlock the potentials of Adamawa, describing it as an attempt to formalize the economy, provide enabling incentives for investors to participate as well as collect more revenue.
The transaction is expected to close next week.
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