Home » Niger State Secures $650 Million Investment from Equipment Manufacturing Company, John Deere

Niger State Secures $650 Million Investment from Equipment Manufacturing Company, John Deere

by Agritech Digest
  • Niger State has attracted a $650 million investment from agricultural manufacturing company, John Deere.
  • The investment includes the acquisition of 600 high-capacity tractors, 200 combine harvesters, 200 bulldozers, 200 excavators, and various other implements.
  • These will be utilised to prepare and develop up to 1 million hectares of land, equivalent to establishing 100 farm estates, each covering approximately 10,000 hectares.

Niger State, in Nigeria’s North Central region, has secured an investment of $650 million from the US-based agricultural manufacturing company, John Deere. 

In a post shared on X (formerly Twitter) by Abdullberqy Usman Ebbo, Niger State’s Special Adviser on Digital Communications to the governor, Mohammed Umaru Bago, it was revealed that the equipment so acquired will be used to prepare and develop up to 1 million hectares of land across the state. This sufficiently amounts to 100 farm estates, each averaging 10,000 hectares. 

The equipment includes 600 high-capacity tractors (100-430hp), 200 high-capacity combine harvesters, 200 bulldozers, 200 excavators, and thousands of other implements, including the latest technology in planters, sprayers, and fertiliser spreaders, among others. 

Images from Abdullberqy Usman Ebbo on X (Twitter)

(Read also:  UniFAHS Secures $1.4M Seed Funding to Expand Reach with Phage Technology)

This comes on the back of various advancements – particularly in agriculture – ongoing in Niger in the Bago-led administration. The State has recently entered a partnership with Boston Consulting Group (BCG), a global consulting firm, on development strategy and securing financing for several sectors including agriculture, education, healthcare, nutrition, infrastructure, and e-governance.

Last year, the federal government of Nigeria announced that John Deere intends to set up a tractor assembly plant in the country, at no cost from the government. This investment in agriculture in Niger State is set to promote economic growth and ensure food security on both local and national levels. 

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