Nigeria, like many nations, faces many challenges in achieving food security.
Indeed, agricultural activities worldwide are increasingly hindered by armed conflicts, unpredictable weather patterns, and extreme climate events, all exacerbated by climate change.
According to the Food and Agriculture Organisation (FAO), global agricultural investments must increase by 60 per cent by 2050 to meet the food demands of a population projected to reach 9.7 billion.
In particular, developing countries face an annual trade finance gap of approximately 150 billion dollars, underscoring the need for innovative solutions to sustain food systems.
To address these challenges, many nations are adopting scientific and technological approaches to enhance agricultural sustainability.
Similarly, Nigeria has recognised the importance of leveraging technology to modernise traditional farming methods.
For example, the country is introducing mechanised tools, irrigation systems, and innovative farming techniques.
These efforts aim to boost crop yields, reduce post-harvest losses (currently 30–40 per cent in Sub-Saharan Africa), and improve efficiency across the agricultural value chain.
In light of these efforts, the Abuja Chamber of Commerce and Industry (ACCI), in collaboration with Autodex Nigeria Limited and other partners, has announced the Farm, Food, and Allied Technologies (FARMFATECH) 2024 Expo.
This initiative represents a step toward addressing food security concerns in Nigeria by promoting technological innovation and cross-border collaboration.
Analysing the importance of the Expo, Mr Emeka Obegolu, President of ACCI, described it as one that will reshape Nigeria’s agricultural sector and contribute to broader food security efforts across West Africa.
“The 2024 Expo is a significant step forward in our journey to reshape the agricultural landscape of Nigeria and, indeed, all of West Africa through agricultural innovation and cross-border collaboration,” he said.
With the theme: ‘New Agro-Technologies for Shared Prosperity,’ Obegolu explained that the Expo aims to foster partnerships between Nigeria, China, and other key global players in agricultural technology.
Furthermore, the Expo will provide a platform for showcasing cutting-edge technologies in agro-mechanisation, food processing, and agricultural financing.
Obegolu noted, “This Expo provides a unique platform for knowledge exchange and industry insights that stand to benefit every stakeholder within the agricultural value chain.
“In today’s rapidly changing world, the agriculture sector faces numerous challenges, from climate change to financing and fluctuating markets to the urgent need for modern infrastructure and technology.”
In addition, Sen. Abubakar Kyari, Minister of Agriculture and Food Security, praised ACCI’s initiative, stating that it aligns with Nigeria’s broader efforts to achieve food security.
He remarked, “ACCI’s initiative will contribute significantly to food security and productivity while serving as a reminder of the vital role the agricultural sector plays in the nation’s economy and the wellbeing of Nigerians.”
Similarly, Mr Eric Intong, Acting Group Managing Director of Afreximbank, noted the bank’s commitment to agricultural financing and value chain development.
He said, “Agricultural financing is essential for enabling farmers and agribusinesses to secure the capital necessary for investments in technology, infrastructure, and sustainable practices.”
Intong said Afreximbank’s Plan VI prioritises transforming Africa’s trade from primary commodities to industrialisation and exports.
Chief of defence staff, Gen. Christopher Musa, commended the Expo for its timeliness, given Nigeria’s food security challenges exacerbated by armed conflicts.
He stated, “This exhibition is timely and aligns with the federal government’s drive to embark on aggressive mechanisation and rapid cultivation of arable lands in the country.
“Up to 33 million people in Nigeria are vulnerable to hunger if drastic actions are not taken to ensure food sufficiency.”
Also, Prof. Adesoji Adesugba, Deputy President of the ACCI noted the Expo’s importance in showcasing advancements in agro-mechanisation and food processing technologies.
“The ACCI’s initiative focuses on creating lasting global partnerships, notably between Nigeria and China, alongside other prominent players in agricultural technology.
“It is designed to foster international collaborations, facilitate knowledge exchange, and catalyse substantial business transactions that will drive growth within Nigeria’s agricultural sector.”
Stakeholders believe FARMFATECH 2024 can boost Nigeria’s food security through practical solutions, climate-smart agriculture, and coordinated efforts.
They also see the Expo as a platform to strengthen value chains, leverage technology, and foster global partnerships for sustainable agriculture. (NAN)
