Private sector small and medium enterprises (SMEs) should be the catalytic force in the industrialization and modernization of agriculture, a paper delivered Monday at the 2016 African Economic Conference taking place in Abuja has proposed.
Chief Executive of Agrolay Ventures, Nigeria, Ada Osakwe, who spoke as a panelists at the “High Level Plenary Session 1: Reflections and Perspective on achieving an inclusive agro-allied industrialization in Africa”, spoke on how SMEs could provide linkages that are required for inclusive growth in the sector.
“When you think about the smallholder farmer, you think about inclusive growth,” she said.
Osakwe shared examples from her firm, which is looking to investing about US $5 million in the next five years in 50 young agriculture enterprises with a target on agro-processing and described it as an approach that could be adopted by African countries. See more