1st Nigeria Food Surplus Summit 2024

OVERVIEW
On behalf of Alford Conferences Limited/REVENUE Magazine, and the summit Strategic Event Partner (Standup for Women Society, SWS), we are pleased to invite you to participate in the 1^st Nigeria Food Surplus Summit, slated for Abuja, FCT, November 20-22, 2024. You can participate as a partner, sponsor, exhibitor, advertiser, speaker, summit delegate, award guest, journalist, etc. The annual summit is a nationwide advocacy to help Nigeria to successfully feed itself and have a large surplus for export.  by strengthening the commercial farming, food processing, agricultural mechanization, and commercial bank lending segments of the country’s agricultural industry. For decades, up till this present moment, the burden of feeding this country of over 220 million people has rested largely on the shoulders of its millions of smallholder farmers. The summit seeks to strongly complement this by advocating for commercial farming, food processing, agricultural mechanization, and commercial bank lending on a much larger and extensive scale throughout the federation. We engage actively with the government on this program, especially the ministry of agriculture of the 36 states and FCT.

COMMERIAL BANK LENDING TO THE NIGERIAN AGRICULTURAL INDUSTRY 2018-2022
In August 2024, we published a special report titled, “Commercial Bank Lending to the Nigerian Agricultural Industry 2018-2022” which presents data and insights on lending by selected Nigerian commercial banks to the country’s agricultural industry over the past five years: January 2018-December 31, 2022. The 12 commercial banks captured in this report are Access Holdings Plc, Zenith Bank Plc, FBN Holdings Plc, United Bank for Africa Plc, Guaranty Trust Holding Company Plc, Fidelity Bank Plc, Ecobank Nigeria Limited, FCMB Group Plc, Stanbic IBTC Holdings Plc, Sterling Financial Holdings Company Plc, Union Bank of Nigeria Plc and Wema Bank Plc. Collectively these 12 banks lent N4.68 trillion to the Nigerian agricultural industry during this five years period. Copies of this report would be officially unveiled at the summit in November 2024.

NIGERIAN AGRIBUSINESS AWARDS 2024
A major highpoint of the 1st Nigeria Food Surplus Summit 2024 will be the Nigerian Agribusiness Awards which would be presented in five categories. Altogether, we plan to honour and celebrate 14 individuals and banks. The Nigeria Agribusiness Finance Awards will be presented to the top 5 biggest commercial bank lenders to the Nigerian agricultural industry from 2018-2022: Access Holdings Plc, Zenith Bank Plc, Ecobank Nigeria Limited, United Bank for Africa Plc, and Guaranty Trust Holding Company Plc), as well as to the top 5 biggest lenders to the industry as a percentage of their total lending from 2018-2022: Ecobank Nigeria Limited, Sterling Financial Holdings Company Plc, FCMB Group Plc, Zenith Bank Plc, and Access Holdings Plc. The two other awards are: Nigerian Agribusiness Governor of the Year Award, and Nigerian Agricultural Mechanization Award. 

POST-SUMMIT: NORTHERN NIGERIA AGRIBUSINESS FINANCE FORUM 2025
One of the post-summit activities of the 1st Nigeria Food Surplus Summit 2024 is the proposed Northern Nigeria Agribusiness Finance Forum. It would be held annually in rotation among the three zones of the Northern Region: North West, North East and North Central. The forum seeks to substantially raise the volume of commercial bank lending to bankable agribusiness companies and projects across the 19 states of Northern Nigeria and the FCT. Because the North produces the bulk of the food eaten in Nigeria, far more funding ought to be devoted to commercial farming and food processing in this region of the country. Side by side the current renewed efforts by several Northern state governors to solve the insecurity in the region, we advocate that the commercial banks should deliberately step up their intermediation in support of food production in this region.

OTHER POST-SUMMIT ACTIVITIES 2025
Nigerian Agribusiness Finance Media Briefing
Nigerian Agribusiness Legislative Workshop
Nigerian Agricultural Mechanization Workshop
Municipal Agribusiness Banking Summit (North Central Zone)
Municipal Agribusiness Banking Summit (North East Zone)
Municipal Agribusiness Banking Summit (North West Zone)
Municipal Agribusiness Banking Summit (South East Zone)
Municipal Agribusiness Banking Summit (South-South Zone)
Municipal Agribusiness Banking Summit (South West Zone)

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