Agribusiness Investments on the LAKAJI Corridor:

Promising Opportunities and Shared Value

August 28-29, 2013

Abuja, Nigeria

Presentation Overview

– Background: LAKAJI Agricultural Corridor Assessment

– Overview of Findings

– Corridor Approach

– Investment Opportunities

– Next Steps

Background: NEXTT LAKAJI Corridor Assessment

• Nigeria Expanded Trade and Transport (NEXTT) Program

• Lagos-Kano-Jibiya (LAKAJI) Corridor

• Over 100 meetings: public, private, development partners

Assess production, logistics, services, and infrastructure investment needs for stimulating investments

Identify attractive, commercially-viable investment opportunities with potential for high-impact results

Profile exemplary investment opportunities, complementary investments, and financing needs

Objectives: NEXTT LAKAJI Corridor Assessment

Geographic Regions: North, Middle Belt, South

Value Chains and Product Areas (Domestic and Export)

Farming & Processing(Farm to Fork)

Assessment Findings: LAKAJI Corridor Features

Assessment Findings: High-Potential Value Chains

• Cashew• Cocoa• Sesame• Shea • Cotton• Spices• Agric. equipment/ implements

• Rice• Maize• Soybean• Cassava• Sorghum• Cotton• Tomato• Yams• Fruits and

Vegetables• Honey• Juices

• Processed Foods

• Aquaculture• Poultry• Inputs (seeds;

fertilizer)

Domestic Market Export Potential

Assessment Findings: Complementary Needs for Attracting Investments

• Infrastructure (roads, rail, power, water, connectivity)

• Efficient transport and logistics• Warehousing and storage• Market Information• Capital• Food Safety/Standards• Enabling Policy

Vision for the LAKAJI Agricultural Growth Corridor

• 8 States

• Focus on domestic & export market potential

• Cluster approach

• Small holder integration

• Value-added processing

• Efficient logistics

• Infrastructure

• Business development services

Investment Profiles: 33 “Exemplary Cases” for immediate and viable agribusiness investments

Info Included:• Market Opportunity and Investment Needed• Enabling Environment

Investment Profiles: Kano Tomato Factory – Profile Top

Opportunities Identified: Projects by Functional Area

Abundant production and processing opportunities on the Corridor

16

13

6

4

2 2

ProductionProcessingWarehousing & LogisticsInputsManufacturingICT

Opportunities Identified: Functional Areas & Value Chains

Investment Type Value Chains

Production Cashew, Cassava, Cocoa, Fruits, Cotton, Fish, Honey, Maize, Rice, Sorghum, Soybean, Horticulture

Processing Cashew, Cassava, Cocoa, Fruits, Cotton, Fish, Honey, Maize, Oils, Poultry, Rice, Shea, Soybean, Horticulture

Warehousing & Logistics

Cassava, Cotton, Dairy, Fish, Frozen foods, Fruits, Fruit Juices, Maize, Poultry, Prawns, Rice, Sesame, Sorghum,

Soybean, Horticulture

Inputs Fertilizer, Infrastructure, Poultry Feed (Maize, Soy and other Grains), Seeds, Transportation

Manufacturing Farm Infrastructure (Tractors), Infrastructure (mineral and agro-allied equipment), Transportation (trucks)

ICT Infrastructure

Opportunities Identified: Financing Needs

Size: $100K – $130M, median value $5M to $10MDeal Types: Many Greenfield and Joint Venture Opportunities

Green

field

Joint V

entur

e

Equity P

artner

ship

Partner

ship

Privatiz

ation

Acquisi

tion

0

5

10

15

20

25

Example Cluster: Niger State

Additional Illustrative Investment Opportunities

Oyo poultry feed + poultry farming & processing in Lagos

Cassava farming and processing in Ogun State

Vegetable oil mill in Kano (maize, cotton seed, peanuts)

Cashew production, processing and export in Oyo

Rice production in Kwara

Farmnet Commodities Exchange Platform

NEXT STEPS:

1. Creation of Lakaji Corridor Agribusiness Advisory Council

2. Establish Project Development “Facility”

3. Align Public & Private Sector Interests & Funding

4. Develop Pipeline of Potential Projects

5. Jumpstart Investments

Thank youwww.nigerianextt.org