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Business & Finance

Panafrican Invests $9m On Agriculture Infrastructure

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The Nigerian agriculture sector holds very huge potentials and if properly harnessed would help solve her food requirements and contribute to her economic development. This is according to Jamir Rixton, General Manger of Panafrican.

Speaking at a media session, Rixton said the huge potential in the country’s agriculture sector was a driving force of his company’s activities in the country.

He disclosed that Panafrican had invested about $9 million in the country to establish the right infrastructure for its operations, adding that, “as a company we have done a lot to keep our selves going, taken a lot of sacrifices but are not relenting.

“I see a brighter future; I see big commercial projects emerging and we would do a better job of it.”

He said beyond equipment supply, the company’s operations cover the entire agriculture and associated value chain to include land clearance, protein production, storage and handling, processing of agriculture products and logistics.

Making specific reference to the tractor section of the compan’s operations, he said the company does not just sell equipment, but also provides the right technical support through right counsel and after sales service and training.

While stressing the need for farmers not to compromise equipment quality, he submitted that to get the best value, farmers and agriculturists need to deploy the best equipment, and also observe a regular and professional service culture.

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To be able to produce the kind of food needed to feed Nigeria’s teeming population, Rixton said the answer was in mechanised farming.

He therefore advised that Nigerian banks should be made to play more active role in the Nigerian agricultural sector by providing the needed funding since individuals may not be able to muster the resources needed for mechanised agriculture.

He lamented that as against the situation between 1998 and 1992 when between 2,500 and 3,000 tractors per year entered the country, the figure had dropped to about 250 to 300 currently.

He said notwithstanding the current challenges, there was a bright future for Nigeria and that informed Panafrican’s interest and investment in the country.

He advised equipment users to take good care of their equipment as a way of prolonging their lives, and in view of the high cost of procurement.


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