date:Aug 01, 2013
Blumberg Grain, a US-based multi-national food security firm, has signed a letter of intent with the Nigerian federal government to invest around $250m in the country's agribusiness sector.
The investment will be used for the establishment of large scale food storage facilities for Nigeria's agricultural sector, a move that is expected to create around 1,000 jobs and boost food production.
Under Nigeria's Agricultural Transformation Agenda, the goal is to add 20 million MT of food to the domes