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Monday, 20 February 2012

Agribusiness path to Africa’s prosperity, say participants at Abuja book launch

ABUJA, 20 February 2012 – Agribusiness is key for creating wealth and employment in Africa, said participants at a UNIDO-organized event in Abuja today.

Speaking at the launch of a new UNIDO publication, “Agribusiness for Africa’s Prosperity”, the former president of Nigeria, Chief Olusegun Obasanjo, stressed that agribusiness was a path to the country’s prosperity.

The book outlines the current status of agribusiness and agro-industrial activities in Africa, and situates them in historical and global context. It analyses the opportunities for diversified growth, and assesses the existing and potential sources of demand growth for agribusiness development in Africa.

Seven development pillars are outlined and analyzed in detail, including enhancing productivity; upgrading value chains; exploiting international, regional and local demand; strengthening technology and innovation; promoting effective financing; stimulating private participation; and improving infrastructure and energy access.

Taizo Nishikawa, Deputy to UNIDO Director-General, emphasized the strong cooperation with Nigeria aimed at assisting the Government in transforming and diversifying the economy. He added that to-date, UNIDO had successfully completed over 200 projects in Nigeria, worth over USD 30 million.

The Governor of Ekiti State, Kayode Fayemi, said that in his State agriculture was viewed as an important business which is part of the value chain and generates jobs.

Watch a video with Director-General Kandeh K. Yumkella speaking about the new book:

http://www.youtube.com/user/UNIDObeta#p/u/6/C23tW_MjnFE 

The book is available in English and French and can be downloaded here

For printed copies and further information, please email: publications@unido.org

For further information about "Agribusiness for Africa's Prosperity" and UNIDO's programmes in agribusiness please contact:

Philippe Scholtès
Director, UNIDO Agribusiness Development Branch
 E-mail