Nigerian Firm Signs N81.6bn Coffee Deal with Liberia

The Nigerian Agro Development Company, through its subsidiary JR Farm Group, has entered into a significant 20-year partnership deal valued at N81.6 billion (approximately $60 million) with the government of Liberia. This agreement, signed in Monrovia, aims to revitalize Liberia's coffee sector and expand its export capabilities, benefiting around 200,000 farmers.

The initiative plans to develop 250,000 hectares of coffee plantations over the next two decades and support the planting of at least 200 million coffee trees, generating approximately 300,000 direct and indirect jobs across Liberia's coffee value chain. Dr.

Alexand Nuetah, Liberia's Minister of Agriculture, emphasized that coffee has been identified as a priority crop to drive agricultural transformation and economic growth, aligning with Liberia's National Agricultural Development Plan (NADP) which targets the development of 15,000 hectares of new coffee farms in the next five years. This partnership represents a major milestone in Liberia's efforts to reposition itself as a competitive coffee-producing nation.