In spite of petroleum, agriculture remains the base of the Nigerian economy, providing the main source of livelihood for most Nigerians. The sector faces many challenges, notably limited adoption of research findings and technologies, high cost of farm inputs, poor access to credit, inefficient fertilizer procurement and distribution, inadequate storage facilities and poor access to markets.
As the country looks to further diversify from oil revenue, agriculture has once again taken the centre stage. At Olaniwun Ajayi, we offer advisory to various levels of government, private sector stakeholders, foreign investors, development bodies and agricultural cooperatives along the agriculture value chain. We also advise clients on the modalities for agro-financing and acquisition of infrastructure for large-scale agricultural operations.
We currently provide agribusiness legal support to one of Nigeria’s largest farms in relation to its animal feed, food production and nutritional science businesses as well as the raising of 10 million dollars in equity.