The United Kingdom continues to demonstrate its commitment to ‘doing better business’ on the African continent with the inaugural edition of the UK-West Africa Agritech Summit organised by the UK Department for International Trade in Lagos, Nigeria on Tuesday, 21st of May.
The summit’s agenda covered a range of diverse topics including the promotion of socio-economic development through agricultural transformation, livestock transformation, and financing agribusiness in West Africa.
“Agriculture is Africa’s engine of growth and job production. The sector accounts for an average of 20% of GDP of countries in Sub-Saharan Africa. The UK is playing our part through investment in rural farmers, Agritech, increasing wealth creation and strengthening value propositions of local entrepreneurs. We recognise that the sector requires funding and our UK Export Finance agency (UKEF) is committed to supporting these initiatives with vital capital support in the sector through its credit grantee scheme.”
The summit was also attended by representatives from the office of the Vice President of the Federal Republic of Nigeria, the office of the Minister of Agriculture, Amolexis, CDC UK, AB5 Consulting, as well as other.