2. SDG GOAL 2
Financing Solution For Sustainable Agriculture In
Nigeria
(The “You and Me” Project)
3. A RECAP..Financing The SDGs
There are 17 Sustainable Development Goals (SDGs) and
169 targets.
Together, they represent an ambitious and aspirational
vision of what the world could look like in 2030.
A socially and economically inclusive and equitable world
that is environmentally sustainable
A world we want to live in.
4. Financing For Development
The work on financing for development focuses on:
Not just where we will get the money for development
But also how we will spend the money effectively to
pay for all the work that needs to be done to transform
the world we live in to the one we want to live in
5. GOAL 2: ZERO HUNGER
The goal of Zero Hunger is so important because nobody
can survive without food.
Yet millions of people in the world are hungry and dying
of starvation. THIS ISN’T RIGHT!
6. NIGERIA
Located in West Africa. The capital is “Abuja”
It is often referred to as the "Giant of Africa", owing to its large
population and economy.
With approximately 184 million inhabitants, Nigeria is
the most populous country in Africa.
As of 2015, Nigeria was the world's 20th largest economy,
worth more than $500 billion and $1 trillion in terms
of nominal GDP and purchasing power parity respectively.
Unfortunately in 2016, Nigeria entered into an economic
recession with negative GDP growth rates.
Source: Wikipedia
9. Sustainable Agriculture In Nigeria?
Nigeria is blessed with abundant natural resources;
minerals, crops, arable land etc.
Nigeria was once the biggest poultry producer in Africa
Nigeria used to be a major exporter of cocoa back in
the 1980s.
But the agricultural sector has been badly managed.
Now hunger and food insecurity still remains a serious
problem in Nigeria today.
Why does this irony exist? How can we solve it?
10. “YOU And ME”
This is a financing solution for the agricultural sector
of Nigeria.
It can be seen as the “Nigerian Billions to Trillions
Project”
For every 2 dollars that is received to fund or support
agriculture, 5 dollars would be “reaped”.
This project seeks to pull resources externally from
Official Development Assistance (ODA) “You” and
also internally from Domestic Resource Mobilization
(DRM) “Me”.
11. “YOU And ME” (continued)
It is a tw0-way project which not only relies on external
sources but also internal/local sources of funding.
This project seeks to unlock the potential of the
agricultural sector in Nigeria and transform it from a
pre-dominantly traditional sector to a highly
mechanized and mass-production sector which would
not only provide food security but also compete in the
global export market.
12. Investments that come in (concessional loans, equity
investments, guarantees, grants etc.) are disbursed
effectively to various small-holder farmers and agribusiness
all over the country in order of priority.
These funds are absorbed by these areas and used to fund
the cost of farming and also the infrastructure needed to
evolve to mass-production.
These farm products produced on a mass scale are used to
solve food insecurity, sold on the global market at
competitive prices and the revenue gotten is used to pay off
loans and as given back as profit to the investors.
How It
13. Who Should Invest In “YOU And ME”?
The Nigerian Government
The Private sector
Also any international development organisation is
encouraged to invest in this project.
IMF
The World Bank Group
International Development Association (IDA)
United Nations “Green Fund”
14. WHY INVEST?
“Agriculture is the future of Nigeria” –Forbes, 2013.
“There has been a steady and rapid rise in job creation
by the agricultural sector”-Nigeria Data Portal, 2016
“Nigeria has over 1.2 million hectares of arable land”-
ThisDay, 2016.
“Agriculture remains the most important component
of the country’s economy. The sector is the largest
employer and accounts for 23.9% of GDP.” –Oxford
Business Group, 2016.
15. Main Road Blocks To Unlocking
Opportunities
Nigerian agricultural sector is brimming with
potential but there are some factors in the way of
unlocking financial opportunities such as:
Illicit financial flows
Corruption
Poor tax administration
Risk-Return imbalances
16. How Would “YOU And ME”
Overcome Them?
Funds which are received through “YOU And Me” for
agricultural development would be efficiently
managed to avoid financial leaks.
“YOU And Me” supports the development of domestic
capital markets and instruments suitable to
institutional investors so that domestic resources and
foreign investments can be mobilized.
“YOU And ME” explores risk-sharing approaches with
the private sector to align risk opportunities and
appetites.
17. How Would “YOU And ME”
Overcome Them?
“YOU And ME” helps government to create an
environment for business and private investment
“YOU And ME” would work with the Nigerian
government to create an effective tax structure that
will increase tax to GDP ratio.