The federal government has said agribusiness will play a central role in attracting annual private investments into Nigeria, as part of efforts to diversify the economy and drive inclusive growth.
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, stated this on Tuesday in Abuja at the 2026 Presidential Agricultural Policy Dialogue organised by the Nigeria Agribusiness Group (NABG).
Bagudu said agribusiness remains a critical engine for economic transformation. He noted that the sector offers opportunities across production, processing, logistics and exports.
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According to him, the administration is committed to working with investors and producers to unlock sustainable value across the agribusiness chain.
"This Government has demonstrated its willingness through policy support, strategic financing, and partnerships aimed at modernising agriculture, livestock development, fisheries, and agro-processing," Bagudu said.
He stressed that agriculture and agribusiness are key to meeting Nigeria's long-term investment and growth objectives.
The minister anchored his remarks on the country's Agenda 2050 development framework.
He explained that Agenda 2050 was jointly developed by the private sector, public institutions, state governments and civil society organisations.
Bagudu said the agenda set out an ambitious pathway for Nigeria's economic future.
According to him, the framework aims to achieve a $1 trillion economy by 2050. It also aims for a per capita GDP of $33,000.
In addition, it projects annual investments of at least $100 billion.
He said about 86 per cent of these investments are expected to come from the private sector.
Within this outlook, agribusiness is positioned as a major contributor to investment inflows, with the sector expected to attract billions of dollars annually.
Bagudu acknowledged that Nigeria is still some distance from achieving the Agenda 2050 benchmarks.
He said this gap underscores the urgency of reforms and sustained private sector engagement.
Despite the challenges, the minister said the Federal Government remains focused on creating an enabling environment for investors.
He cited ongoing policy reforms, improved financing structures and strategic partnerships as part of efforts to de-risk investments in agribusiness.
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Bagudu assured stakeholders that the administration of President Bola Ahmed Tinubu will align its policies with Agenda 2050.
He said the Renewed Hope Agenda will be used as a practical tool to drive the long-term development plan.
According to him, the Renewed Hope Agenda is rooted in realism, shared responsibility and collaboration.
The dialogue attracted policy experts, agribusiness entrepreneurs, investors and civil society groups.
Discussions at the event focused on strengthening policy coordination and scaling investments to position agribusiness as a driver of sustainable economic growth.
