On Thursday, 15th November, we were at Agro-Ignite, one of the Global Entrepreneurship Week (GEW) 2016 conferences, organised by Enterprise Development Centre (EDC), Lagos.
The need for Agro-Ignite was borne by the current economic downturn in Nigeria, particularly with the fall in the oil sector. The organisers thought the event was timely as agriculture is being repositioned as a key driver of the economy in Nigeria. The conference was targeted at young entrepreneurs engaged in agriculture business (agribusiness) and those contemplating getting into one agriculture business or the other.
Panels at the conference discussed the opportunities in Nigeria in the agribusiness chain from production through transportation to markets and factories for sales and processing, to the point it gets to the table or hands of the final consumer. The challenges of engaging in agribusiness were discussed. Ideas on ways to overcome the challenges were shared.
Also discussed was access to funds, the funding institutions like Bank of Industry (BOI), Central Bank of Nigeria (CBN), and commercial banks, and the types of funding available to agriculture entrepreneurs in Nigeria. Representatives from Diamond Bank Plc. and BOI were around to share good information on funding at Agro-Ignite.
Farmers, food processors and marketers from existing agribusinesses in Nigeria shared their experiences during the panel discussions.
Divine Fish Farm benefited from the information shared at the event and from networking with other stakeholders in the Nigeria agriculture industry. Divine Fish Farm grows catfish, processes it, markets it and sells it to customers in Lagos and Ogun States in Nigeria and in the United States of America (USA).
Participants at #GEW2016NG #AgroIgnite include Mr Fatai Afolabi, Mr Innocent Azih, Mr Olusola Sowemimo and Mrs Adenike Olalere.
The sponsors include British American Tobacco Nigeria Foundation (BATNF) and Diamond Bank Plc. The host was Enterprise Development Centre, Pan-Atlantic University, KM 22, Lekki-Epe Expressway, Ajah, Lagos. The event held at Four Points by Sheraton, Victoria Island, Lagos.