Why Invest in Nigeria’s Agribusiness Sector

Nigeria’s agribusiness landscape is ripe with potential for transformative growth. With its vast natural resources, growing population, and strategic commitment to agricultural development, the country presents a fertile ground for both domestic and international investment. From primary production to agro-processing and logistics, Nigeria offers diverse, scalable opportunities for investors seeking impact and returns. Here’s why now is the time to invest:

  • Large Domestic Demand

    With over 220 million people and rising food imports, Nigeria presents a massive, unsatisfied demand for processed and high-quality agricultural products.

  • Untapped Arable Land & Climate Advantage

    Over 84 million hectares of arable land with multiple agro-ecological zones suitable for diverse crops, livestock, and aquaculture.

  • Government Incentives

    Policy initiatives like the Agricultural Promotion Policy, Export Expansion Grant, and Pioneer Status Incentives reduce investment risks and promote agribusiness growth.

  • Regional Trade Gateway

    Nigeria serves as a commercial gateway to West Africa via ECOWAS, with opportunities to scale across borders.

  • Growing Youth Workforce

    A large, young, and increasingly skilled workforce ready for agritech, processing, and logistics jobs across rural and peri-urban areas.

  • Strategic Partnerships Available

    Ongoing EU–Nigeria initiatives, DFIs, blended finance platforms, and PPP models lower the entry barrier for foreign investors.

INVESTMENT INCENTIVES

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    Pioneer Status Incentive: Tax holidays of up to 5 years for agribusinesses in eligible sectors
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    Export Expansion Grant (EEG): Financial support for non-oil exporters
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    Import Duty Waivers: On agricultural equipment and raw materials
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    NIRSAL Guarantee Scheme: De-risking of agri-lending for investors
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    BOI Agribusiness Loan Schemes: Low-interest funding for processing, packaging, and input production
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    Land allocation & Special Economic Zones: Available in select states with agriculture-focused clusters

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Priority Investment Areas

Investment opportunities abound across multiple value chains, including:

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    Crop Production: Rice, maize, cassava, soya beans, cocoa, oil palm, ginger, sesame.
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    Livestock and Aquaculture: Poultry, fish farming, feed production.
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    Agro-processing: Storage, packaging, processing of raw commodities into export-ready products.
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    Cold Chain & Logistics: For fresh produce distribution and exports.
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    Agri-tech & Digital Platforms: Innovations to enhance production, trade, and traceability.
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    Inputs & Equipment: Fertilizers, seeds, irrigation, farm machinery.
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    Agri-finance and Insurance Services

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Investment Incentives

Investors in Nigeria’s agribusiness space enjoy a wide range of incentives, such as:

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    Pioneer Status Incentive (PSI): 3–5 years tax holiday for eligible agri-businesses.
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    Import Duty Exemption: On agriculture equipment and agro-processing inputs.
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    Access to Export Expansion Grants
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    Land Allocation and Lease Support through state governments and investment commissions.
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    Public-Private Partnership (PPP) opportunities in Special Agro-Industrial Processing Zones (SAPZs).

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Legal & Regulatory Framework

Key frameworks and policies governing investment in agriculture:

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    Companies and Allied Matters Act (CAMA)
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    Nigerian Investment Promotion Commission (NIPC) Act
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    National Agricultural Technology and Innovation Policy (NATIP)
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    Land Use Act (Access to land for agricultural use)
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    Trade and export laws under the Nigeria Customs and NEPC
Tools & Support on EUNAP

How EUNAP Supports Agribusiness Investors

Investing in Nigerian agribusiness is promising, but navigating the landscape requires local insight, credible data, and reliable partners. EUNAP provides the tools, networks, and guidance you need to make informed, confident investment decisions.

  • Profiles of Investment-Ready Businesses and Cooperatives

    Discover verified agribusinesses, farmer groups, and SMEs seeking equity, debt, or partnership support — with detailed investment summaries and impact goals.

  • Market Intelligence Reports and Regional Investment Maps

    Access timely data on value chain trends, investment hotspots, trade flows, and risk profiles across Nigerian states and agricultural zones.

  • Verified Service Providers for Legal, Technical, and Operational Support

    Connect with trusted experts — from agri-lawyers and tax advisors to logistics and compliance consultants — all experienced in supporting agribusiness ventures.

  • Access to Government Partners and Investment Desks

    Leverage EUNAP’s institutional network to engage directly with federal and state agencies involved in land allocation, licensing, and incentives.

  • B2B Matchmaking with Local Stakeholders

    Use EUNAP’s directory and matchmaking engine to find partners, suppliers, off-takers, or co-investors aligned with your agribusiness goals.

  • Visibility into EU-Funded Development Programs Supporting Agribusiness

    Stay informed about EU-funded programs, PPPs, and donor initiatives offering funding, guarantees, or technical assistance for agricultural investment in Nigeria.