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2019 agribusiness summit to actualise $1trn Africa economy plan

Mr Yemi Odubiyi, Executive Director, Corporate and Investment Banking, Sterling Bank Plc, on Thursday, said the Africa Summit Deal Room 2019 would help to actualise $1 trillion Africa agribusiness economy plan by 2030.

Odubiyi stated this in a statement made available to newsmen by Mr. Roland Oroh, Director, Nigeria Agribusiness Register, to commemorate the Agriculture Africa Summit Deal Room 2019 being organised by Sterling Bank on Friday, Sept. 6 in Abuja.

The continental summit is titled: “Agriculture – Your Piece of The Trillion-Dollar Economy.”

Odubiyi said the summit would address issues preventing the agricultural sector from attaining its potential.

“Agriculture project promoters will have the opportunity to network and engage with capital providers in a pre-arranged setting call a deal room.

“Deal rooms in this part of the world are a recent phenomenon aimed at moving from talk to action in birthing new businesses or expanding existing businesses through capital infusion and other technical support measures.

“At deal rooms, project finds money and money finds project – a match-making avenue that has helped in realising large scale projects becoming a reality within shortest possible time,” he said.

According to him, agribusiness deal rooms are beginning to be the way summit and conference organisers distinguish themselves from others in the market place.

“The Nigeria Agribusiness Register’s AgNet Events, the African Development Bank’s Africa Investment Forum and AGRA’s Annual Forum Deal Room 2019 are a few examples of agribusiness focussed deal room events.

“Many watchers have noted that the Nigerian economy needs to grow a steady 5-7% annual growth rate to offer positive dividends to the common man on the street,” he said.

Odubiyi noted that one of the issues limiting Nigeria’s agri-potential is access to patient capital for green field and for expansion projects.

The summit will bring together policy makers, development agencies, international financial institutions and value chain players on the continent.

Sunday Olatunji
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93. Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism. He had done many courses in communication, including the EU-BBC Editing Course in 2002. Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013). He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers. He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 - 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 - 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor. Dele Fashomi is now the Publisher/Editor-in-Chief of newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye - DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography - AGAINST ALL ODDS. There are many other books in the works under his pen.