July 12, 2024
Okwelle Central Filed by Okwelle Market Square Okwelle, Onuimo, Imo State
A U.S. company is planning to set up a facility for assembling tractors in Nigeria.

A U.S. company is planning to set up a facility for assembling tractors in Nigeria.

A U.S.-headquartered corporation, John Deere, has committed to establishing a facility for assembling tractors in Nigeria.

Stanley Nkwocha, the Senior Special Assistant to the Vice President for Media and Communications, shared this information in an official statement he released on Monday, titled ‘Shettima’s Efforts to Attract U.S. Investors: John Deere, an American Company, to Set Up a Tractor Assembly Plant in Nigeria.’

Nkwocha portrayed this offer as one of the positive outcomes of Vice President Kashim Shettima’s trip to the United States, where John Deere expressed its intent to invest in Nigeria’s agricultural industry during a meeting with VP Shettima and key company executives, including Mr. Jason Brantley, Vice President of Production Systems.

Shettima emphasized Nigeria’s dedication to enhancing agriculture as a means to address security issues and enhance the well-being of small-scale farmers. He noted, ‘Mechanization is indispensable for achieving genuine food self-sufficiency. President Bola Ahmed Tinubu is wholeheartedly devoted to rejuvenating Nigeria’s agricultural sector. To attain food self-sufficiency, three crucial components are indispensable: certified seeds, mechanization, the availability of fertilizers, and, of course, agricultural extension services.’

The Vice President, when addressing the Special Agro-Industrial Processing Zones project, explained that it is designed to create the necessary infrastructure, platform, and framework for the private sector to enhance the value of Nigeria’s agricultural products for both domestic and global markets. He assured potential investors that Nigeria is actively seeking partnerships, stating, ‘We are open to discussions and eager to expedite the entire process. President Bola Tinubu, my principal, is deeply committed to realizing the full potential of Nigeria’s agricultural sector.’ He also pointed out that the President declared a food security emergency due to the country’s vulnerability to global volatility and emphasized the need to address sector challenges.

Earlier, Mr. Brantley revealed the company’s proposed investment in Nigeria, assuring that the project would unlock Nigeria’s agricultural potential by introducing an organized system for tractor-clearing services to benefit small-scale farmers across the country. According to Brantley, this initiative would not require government funding, but credit guarantees would be necessary to make affordable credit accessible to interested individuals or groups. The Vice President of John Deere also expressed the company’s preparedness to promptly engage with relevant Nigerian authorities to achieve the goal of establishing the assembly plant.

The gathering, organized with the support of Flour Mills of Nigeria’s Chairman, Mr. John Coumantaros, was also attended by notable figures, including the Minister of Agriculture, Sen. Abubakar Kyari; the Consul-General of Nigeria in New York, Lot Egopija; and the Senior Special Assistant to the President on Agribusiness and Productivity, Dr. Kingsley Uzoma, alongside others.

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