Nigeria Seeks UK investment to strengthen climate resilient agriculture

Nigeria is stepping up efforts to attract international investment into its agricultural sector, with a strong focus on building a resilient and sustainable food system.

This call was made during the Nigeria United Kingdom Investment Forum held in London, where the Minister of Agriculture and Food Security, Abubakar Kyari, outlined the country’s vast potential and urgent needs.

He explained that agriculture remains central to Nigeria’s economy, employing close to 70 percent of the workforce and contributing more than 24 percent to national GDP. With its diverse climate and fertile land, the country is well positioned to produce key crops such as rice, maize, cassava, cocoa and sorghum at a competitive level for both local and global markets.

Despite these strengths, climate change continues to pose serious risks. Changing rainfall patterns, drought, flooding and desertification are already affecting productivity and threatening food security. This has made the shift to climate resilient farming practices a national priority.

The Minister noted that one of the biggest challenges facing the sector is limited access to finance. While some credit schemes exist, they fall far short of what is needed to support farmers and scale innovation.

“While public financing remains essential, unlocking the scale of investment required will depend on stronger participation from private capital and development finance partners.

“Access to finance is a major constraint for farmers across Nigeria, significantly limiting the productivity across the sector. Despite the prevalence of credit schemes across the country, total credit accessible by farmers is still significantly limited, reaching 3.4trillion as at April 2025. Whilst this value may look significant, it is less than 4% of the contribution of agriculture to the country’s GDP.” Kyari said.

In response, the government under Bola Ahmed Tinubu has introduced reforms and programmes to improve productivity and resilience. These include solar powered irrigation systems, improved seed varieties, mechanisation support and better storage infrastructure.

Nigeria is also strengthening key institutions to reduce investment risks and improve confidence among global partners. The Minister encouraged UK investors to explore opportunities across the value chain, from irrigation and logistics to processing and storage.

He concluded by stressing that Nigeria has both the capacity and determination to transform its agricultural sector, while contributing to global food security in the face of climate challenges.