Shetima launches $500m agricultural investment fund for Niger Delta
Vice President Kashim Shettima has launched a $500 million agricultural investment fund for the Niger Delta to diversify the region's economy away from crude oil. The fund will support various agricultural sectors and is backed by international development partners.
Why it matters
This initiative aims to address long-term economic dependency issues in the Niger Delta by fostering sustainable growth in food production and employment.
Vice President Kashim Shettima yesterday launched a $500 million Niger Delta Agricultural Investment Fund aimed at transforming the region into a major agricultural hub and reducing its dependence on crude oil.
The Vice President, while unveiling the fund at the Niger Delta Agricultural Development and Investment Summit 2026 at the Banquet hall, Abuja said the fund would operate as a commercially viable financing vehicle covering the entire agricultural value chain, including aquaculture, palm oil, cassava, cocoa, rice, horticulture, marine resources and livestock.
He said the initiative had already attracted funding commitments from development partners, including the World Bank, African Development Bank, Islamic Development Bank, European Bank for Reconstruction and Development, as well as private and commercial financiers.
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