UK-NIGERIA AGRIC INVESTMENT SUMMIT,
JUNE 24, 2020, LONDON
Agric business and food security must be taken seriously to avert Nigeria heading towards a disaster in the nearest future. About 30 years from now, Nigeria may be the third largest country in the world at an approximately 450 million population. Nigeria is presently 210 million.”
Nigerian London Business Forum (NILOBF) UK, is delighted to invite State Governments, agric business leaders in Nigeria, as well as British agric investors, suppliers of agric value chain to full participation in the UK’s biggest event for modern agricultural business development, growth, expansion and investment tagged: UK-NIGERIA AGRIC INVESTMENT SUMMIT (UNAIS), to be held in London on Wednesday 24 June, 2020.
His Excellency, Nigeria’s Former President, Chief Olusegun Obasanjo will be Guest Speaker and Special Guest of Honour at the Summit. Executive Governors that will attend this Summit for eminent agric business leaders and investors will be termed States that have demonstrated genuine commitment to food production and security, and are crucial to economic diversification in Nigeria.
As of today, if Nigeria could invest a whopping $20bilion in the liquefied natural gas sector, and such investment could only employ 250 people at a go, it then follows that investing as little as $1billion in agriculture can employ millions of people. Therefore, to succeed in agriculture, Nigeria needs to put in place short, medium and long term planning regime.
Nigeria’s oil boom is no longer able to sustain the country’s economy; the oil market volatility coupled with radical shift from less uses of oil by developed economies spells inevitable doom for the survival of Nigeria’s economy – what then is the decision Nigeria must make, and making it quickly?,,, Full-blown Agric is the way to go right now!
Chief Olusegun Obasanjo, GCFR.
Former President, Federal Republic of Nigeria
Combined with the enormous influence of Nigerian London Business Forum, the government of the United Kingdom and top level British Institutional investors and high-net worth individual investors are poised to meet with Nigerian corporate farmers, agric business leaders and promoters to strike investment dealing and partnership in agriculture.
The United Kingdom is a country more closely to Nigeria than any other nation in the world; UK is self-sufficient, and self-secured in food production and able to meet all other basic needs of humanity in the United Kingdom. The country is now poised more than ever before to invest in food security in Nigeria.
Nigeria’s Food Crisis Alarming, World Bank Warns
The Guardian Newspaper, Friday, September 6, 2019, Page 8
The Guardian Newspaper, Friday, September 6, 2019, Page 8
The World Bank raised the alarm that Nigeria’s food crisis had assumed a frightening dimension, blaming the development largely on poor policies of successive administrations in the country.
It is regrettable that the most populous black nation had fallen from its enviable position of producer and exporter of produce in the early 60s and 70s to world’s largest importer of food.
The global lender stated that the nation was” tragically living on borrowed times and being unable to feed her own citizens who are now very hungry, angry and war-threatened.”
This comes as Vice President Yemi Osinbajo assured Nigerians that the Muhammadu Buhari government was on course to reinvent the country through the agriculture and make the sector the main-stay of the nation’s economy.
Osinbajo and the Breton Wood institution both spoke at the second Sterling Bank International Agricultural Summit in Abuja attended by delegates from all continents of the world, including 40 others representing some African nations.
In his keynote presentation under the summit’s theme of “Agriculture: Your One Trillion Dollar Economy,” the senior Agricultural Economist for the world Bank, Dr. Adetunji Oredipe, said Nigeria was reaping the price of lack of sustenance of investment in agriculture, adding that to reverse the ugly trend, the country must henceforth invest at least seven per cent of its national agriculture budget to GDP in the sector.
The technocrat said: “These anticipated rewards and positive changes will only happen if Africa’s farmers and agribusinesses undoubtedly can receive expanded access to more capital outlays, uninterrupted electricity, modern technology and well-irrigated areas to cultivate high-value nutritious foods.
“For Nigeria, it is a great window of opportunities to harness the countless openings that exist in the agricultural value chain towards building a sustainable economy that creates hope for the realisation of our much-desired national development and sustainable food security.”
He went on: “To maintain its share of the continent’s agriculture GDP by 2030, Nigeria will need to grow its agriculture sector revenue by a compounded annual growth rate (CAGR) of 4.7 per cent. To ensure this is achieved, a national agriculture budget to GDP would have to be sustained by at least seven per cent annually.”
WHO WE ARE
The Nigerian London Business Forum (NILOBF) was founded to be UK’s premiere organisation for facilitating and promoting trade and investment between the UK and Nigeria.
NILOBF recognises the importance of winning business face to face and this exciting initiative creates the right formula for incentivising investors to look towards new business horizons, whilst providing your business with an increased profile to a targeted market.
In a magnitude as never before, Nigerian London Business Forum (NILOBF) is set to bring together credible stakeholders in Agric business from both the United Kingdom and Nigeria agricultural industries.
In this Summit, agric business leaders and promoters from Nigeria will meet with highly reputable British agric investors, those looking to do agric business with their Nigerian counterparts, suppliers of various agric development machineries and equipment, and top class agric development roadmap designers and funding consultants.
Summit Fee for Individual Participation
£5,000.00 per person
Payment should be made to:
Credit Business Services Global Ltd (CBS Credit)
Bank Name: Zenith Bank Plc, Moloney Branch
Account No: 1012659682
We will be delighted to have you participate in this gathering.
The UK-Nigeria Agric Investment Summit, June 24, 2020, London
Important Information for those Requiring UK Entry Visa/Cancellation Policy: Obtaining a UK visa is both expensive and time consuming. For applicants who do not have a valid UK Visa, as soon as registration to participate in NILOBF event is finalized, you will receive a visa application supporting letter from NILOBF addressed to the British High Commission to support your visa application. Visa application may take 15 working days to process at the British High Commission.
There is also a 4 working days priority visa application processing at the High Commission for those who may be renewing their visas or applying for business visa subject to additional payment. NILOBF does not go further to influence visa issuance and we have no promise for this.
If other ways arise for NILOBF to assist, NILOBF will do so on its own volition, not as obligation or a responsibility or in keeping to a promise. Again, the prospect of getting UK entry visa lies in applying early enough, applicant must endeavor to fill the visa application form correctly, and provide correct supporting documents in original form. NILOBF’s cancellation policy therefore rests on the following pillars:
- Refunds will be issued for all cancellations received in writing by April 30, 2020, less 25% administrative charge. After this date, refunds will NOT be issued. However, you may send a substitute in your place. Please email all cancellation requests to send a substitute to [email protected]
- If the event is cancelled for reasons beyond the control of Nigerian London Business Forum (NILOBF), the total fee paid will be refunded, less administrative charge of 25% of the amount paid.
- Late submission of visa application resulting to late response from the visa authority at the British High Commission so that the applicant is unable to attend the event will lead to total loss of the event fee paid.
- In the event that inaccurate information provided in the visa application form or a case of not supporting the visa application with proper documentations forms the basis of the applicant being denied of the visa, will lead to total loss of the event fee paid.
- Nigerian London Business Forum accepts no liability for travel arrangements, including visa.
NILOBF cancellation policy is intended to ensure that only seriously determined business owners, leaders, entrepreneurs and managers attend its event.
Please refer to the British High Commission website
For Summit Registration
Nigerian London Business Forum
E: [email protected]
NILOBF Nigeria Country Office:
Prof. Chris Onalo
ICA Office, 213, Igbosere Street
4th Floor, Lagos Island, Lagos
+234 – 8034030160
E: [email protected]
Prof. Chris Onalo (Country Director)