Expert Advocates Energy and Agricultural Infrastructure Financing for Economic Development

By Emmanuel Afonne

Call for Robust Investment in Key Sectors

Dr. Onuoha Nnachi, an economic expert, has emphasized the need for substantial financing in energy and agricultural infrastructure to drive Nigeria’s economic growth. Speaking at a news conference in Abuja, Nnachi highlighted how strategic investments in these sectors align with President Bola Tinubu’s “Renewed Hope Agenda.”

Sustainable Development Through Investment

As the Managing Partner of Deutsch Partners Holding, Nnachi stressed that agriculture remains a cornerstone of economic prosperity, citing global examples like Ukraine’s wheat production. He noted that disruptions in such key agricultural sectors have far-reaching global consequences.

“We live in a time of unprecedented opportunity and challenge. The global demand for energy is rising, yet we must meet it in ways that preserve our environment for future generations.”

Interconnected Challenges and Solutions

Nnachi explained that energy and agriculture are deeply linked—sustainable energy powers modern farming, while thriving agriculture supports economic stability. He warned against excessive import dependency, advocating instead for local production capacity building.

Upcoming Infrastructure Dialogue

To address these challenges, an infrastructure dialogue titled “Financing Sustainable Energy and Agricultural Infrastructure for Economic Development” is planned. Key speakers will include:

• Mr. Abba Abubakar Aliyu, CEO of the Rural Electrification Agency
• Representatives from the National Agency for Science and Engineering Infrastructure

Policy and Implementation Strategies

Nnachi emphasized the need for data-driven policies to phase out imports gradually while boosting local manufacturing. He cautioned that without proper investment in domestic production, smuggling and economic instability could arise.

Edited by Chinyere Joel-Nwokeoma