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Lagos State, SENCE, EFInA Host Agribusiness Expo

The Lagos State Ministry of Agriculture & Cooperatives, Skills Enhancement Centre (SENCE), and Enhancing Financial Innovation & Access (EFInA) have announced an agricbusiness expo to boost agricultural development in Nigeria.

 
PRLog - March 4, 2012 - IKOYI, Nigeria -- The Lagos State Ministry of Agriculture & Cooperatives, Skills Enhancement Centre (SENCE), and Enhancing Financial Innovation & Access (EFInA) have announced that in order to boost agricultural development in Nigeria, they will jointly host a two-day agribusiness exhibition targeted at all segments of the agricultural value chain.

Chief Operating Officer of SENCE, Mrs. Ogo Ibok said the exhibition which is titled ‘Agriculture the New Frontier: Access to Information on Nigeria’s Agricultural Sector’ will take place at the City Hall Lagos, on the 29th and 30th of March. The key objective of the exhibition is to create a one stop shop  information centre on the Nigerian agriculture sector.

Mrs. Ibok explained that the exhibition is designed to provide investors, farmers, financial institutions, and other stakeholders, with relevant information on the agricultural sector, to support their investment decisions in the sector. She noted that presently in Nigeria, there is  a plethora of organisations that are involved in the value chain, such as Farmers Associations, Research Institutes, Financial Institutions, Machine Fabricating Companies, and Commodity Brokers. Unfortunately not many people know about the existence of these organisations or what they do, therefore, they are unaware of the depth of valuable data that is available to assist them to make informed business decisions in the sector.

Mrs. Ibok noted that many Nigerians are gradually becoming more aware of the incredible opportunities available within the Agricultural sector, but are handicapped by the general lack of consolidated information on the sector. She explained that the exhibition will provide a forum, where the general public can access information from the various stakeholders in one location. In addition, stakeholders within the sector will be able to showcase their goods & services information to a wide audience.

Ms. Modupe Ladipo, Chief Executive Officer, EFInA, stated that the findings from the EFInA Access to Financial Services in Nigeria 2010 survey revealed that 20.3 million adults (24% of the adult population) derive their main income from agriculture; however only 1.9 million of them are banked. Of the remaining 18.4 million adults that are unbanked, 6.0 million of them own a mobile phone. This demonstrates the potential for increasing access to finance to workers in the agricultural sector and the viability of using mobile phones to do so.

Ms Ladipo said that the exhibition will provide ideas on how to position the agricultural sector to be at the centre of the Government’s efforts to spur economic development in Nigeria. The major challenges facing the agricultural sector in Nigeria include lack of infrastructure; inadequate funding; lack of local storage and processing systems; threats from pests and diseases; under-funded research and development; and adverse changes in the climate. She further stated that we need to identify and support policies and programs that will ensure that Nigeria adopts a comprehensive approach to agricultural development, so as to break out of poverty.  This requires leveraging technology to reduce costs in the value chain (including using mobile phones) and creating innovative systems that will foster better interaction between government, industry players, and academia.


SENCE is a consulting firm that works with Small Medium Enterprises (SMEs), with the goal of providing opportunities for clients to grow into strong internationally recognised businesses. SENCE also provides organisational structure development and access to information on a wide range of sectors.

Enhancing Financial Innovation & Access (EFInA) is a financial sector development organisation that promotes financial inclusion in Nigeria. EFInA is funded by the UK Government’s Department for International Development (DFID) and the Bill & Melinda Gates Foundation. EFInA’s holistic approach to expanding access to financial services for all, especially for low income households is based on three pillars:
•   Research: The provision of credible market information on the Nigerian financial sector.
•   Innovation: Through our Innovation Fund, we catalyze the development of innovative inclusive financial services for the unbanked and under-banked population in Nigeria.
•   Advocacy: We advocate for the development and implementation of policies that create an enabling environment for financial inclusion.

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SENCE is a consulting firm that works with Small Medium Enterprises (SMEs), with the goal of providing opportunities for clients to grow into strong internationally recognised businesses. SENCE also provides organisational structure development and access to information on a wide range of sectors.

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Contact Email:
***@senceworld.com
Source:Skill Enhancement Centre (SENCE)
Phone:017410051, 08034575206
Zip:+234
Location:Ikoyi - lagos - Nigeria
Industry:Business, Consumer, Government
Tags:agriculture, machine fabricators, researchers, Sence, nigeria, fadama, fair, Exhibition, lagos
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