A tractor manufacturing company, John Deer, has unfolded agenda for an assembly plant in Nigeria.
According to the company, the Assembly Plant is expected to generate jobs and produce 10,000 tractors in four years.
The company unveiled the agenda during a meeting with President Muhammadu Buhari and the Nigeria delegation in the United States of America.
Meanwhile, Buhari has reiterated his call on youths in Nigeria to seize opportunities in agriculture, a sector of the economy he said is already proving to be the bedrock of the nation’s new economy.
Speaking at Blair House, Washington DC after his White House engagements with President Donald Trump, the President, at a meeting with Chief Executive Officers of six American agricultural companies and their Nigerian counterparts including Aliko Dangote and John Coumantaros, again lamented the challenges of the country’s youth bulge, with “sixty per cent of the population below 30 years.”
He said the country must help the young people to plan their future and urged them to explore opportunities easily accessible in agriculture because, as he said, “agriculture is the future.”
While stressing that planning in Nigeria must take into consideration the factors of climate and a bulging youth population, President Buhari also promised the support of his administration in the promotion of skill development, innovation and entrepreneurship among the young population.
A statement issued by GARBA SHEHU, Senior Special Assistant to the President (Media & Publicity), quoted Buhari as saying “We realized, rather belatedly that we ought to have been investing in agriculture. We are now aiming at food security because of our large population. Our youths, the ones who have gone to school and even those that have not, should go to the farm, to earn respect for themselves. Agriculture is providing jobs for millions of our citizens and we are doing well towards the attainment of food security and jobs. The media may not appreciate the work we are doing but we will shock them by the success we are recording.”
Buhari welcomed the several investment proposals being put in place by the Americans and their Nigerian counterparts.
Among those brought up for discussions were the three million tons fertilizer by Dangote, the largest in Africa coming on stream in July, to be followed by another one to produce 1.4 million tons of the commodity; a large-scale modern seed production company, and weed and pest management and chemicals products companies by the Americans.
Similarly, the Burger King food chain with plans to integrate local farmers in livestock production; the Heinz tomatoes production, with backward integration of Nigerian tomato farmers; and another company coming to set up a local branch to facilitate merchandising of commodities, in effect establishing a link between the Nigerian producers and the global market.
In a second business meeting same day, President Buhari brought together Nigerian businessmen and their American counterparts from the U.S Chamber of Commerce and the Corporate Council on Africa, (CCA.)
The U.S Chamber, on behalf of its three million member-companies which included General Electric, Chevron, Proctor and Gamble and Boeing aircraft manufacturers, expressed happiness with improved security in the Niger Delta, reforms in the economy leading to ease in doing business, and the war the administration is waging against corruption.
