By Daniel Essiet
WITH the land borders opened, the Chief Executive, Agricultural and Rural Management Training Institute (ARMTI),Dr Olufemi Oladunmi has called for legislative amendments to remove barriers to investment in agriculture that will lead to improved technology transfer, higher-quality job creation and greater tax revenue.
He said a lot has to be done to enable agriculture to bring more foreign investment.
With Nigeria’s great agricultural potential, Oladunmi said many foreign firms were hunting for opportunities in the country’s agricultural sector.
To this end, he said measures have to be taken to see a strongly growing agricultural sector.
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At present, he said foreign direct investment (FDI) in the agricultural sector accounts for a smaller per cent of the country’s total FDI attraction.
He noted there was a need to review procedures and propose simplifying them, as incentives for agricultural and rural investments, and for increased financial to build infrastructure systems for transport, electricity, water, and food processing.
Oladunmi said the economy needed a wide range of reforms that will go a long way towards making it easier for potential investors to successfully do business in Nigeria.
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