By Atoyebi Nike
Nigeria’s long-term food security will rely heavily on private sector capital, according to the Minister of Agriculture and Food Security, Abubakar Kyari. He made the remark in Abuja during a visit by a Food and Agriculture Organisation delegation led by Alessandro Marini of the FAO Investment Centre.
Kyari said the government is reshaping the business environment to attract serious investors, noting that recent policy reforms are designed to cut risks and encourage long-term commitments. He added that discussions with institutions such as the European Bank for Reconstruction and Development have strengthened the shared view that private sector innovation and funding remain central to agricultural transformation.
The meeting with the FAO team allowed government officials and sector experts to review investment opportunities across major value chains. Kyari also highlighted the role of the National Agricultural Development Fund, which he described as a key tool for expanding financing and scaling promising ideas.
He welcomed the establishment of the FAO Investment Centre’s Lagos office, saying the physical presence will improve field assessments and strengthen collaboration. Kyari noted that the partnership aligns with President Bola Tinubu’s directive to boost food production and work toward food sovereignty.
Nigeria’s population is projected to reach 400 million by 2050, and Kyari warned that only sustained private investment will prepare the country for future demand.
Responding, Marini said the FAO is committed to supporting agribusiness development and helping Nigeria advance broader economic diversification goals.
