UK-Funded Propcom+ Deal Room Pursues Boost in Agribusiness Investment in Nigeria

From November 18–19 in Lagos, the UK’s Foreign, Commonwealth and Development Office’s (FCDO) climate-smart agriculture programme, Propcom+, partnered with Welcome2Africa International (W2AI) to convene a high-level Agribusiness Deal Room aimed at catalysing partnerships, unlocking capital, and accelerating sustainable growth across Nigeria’s agricultural sector.

Propcom+ is an eight-year programme designed to transform Nigeria’s agricultural and land-use systems into resilient, climate-smart engines of economic growth. While Welcome2Africa International ((W2AI) is a trade and investment facilitation firm that promotes investment in key sectors of the African economy, including agribusiness, maritime, energy, and solid minerals.

“The Agribusiness Deal Room is designed to mobilise private investment into Nigeria’s agricultural value chains and stimulate inclusive, market-led economic transformation. The initiative reinforces the UK’s commitment to strengthening agribusiness value chains, fostering sustainable partnerships, and driving broad-based economic growth across Nigeria,” Propcom+ stated in a press release.

Positioned as a high-impact investment marketplace, the Deal Room sought to unlock over £5 million in potential investments and trade commitments. More than 20 pre-vetted, investment-ready agribusinesses participated, spanning priority sectors such as grains, cassava and starch derivatives, livestock, bioethanol, food processing, mechanisation, agri-tech, and renewable energy—all demonstrating strong potential for commercial expansion and scalability.

“The Deal Room represents a strategic opportunity to accelerate private investment into Nigeria’s agrifood sector and deepen the pipeline of climate-smart, inclusive enterprises,” said Propcom+ Strategy Director Olumide Ojo. “By connecting high-potential SMEs with investors, we aim to drive capital mobilisation that strengthens market systems, improves resilience, and expands economic opportunities for farmers, women, and rural communities.”

Echoing the platform’s investment value, CEO of Welcome2Africa International Bamidele Seun Owoola, emphasised the importance of facilitating sustainable cross-border capital flows:

“At Welcome2Africa International, our focus is to catalyse sustainable investment into Africa’s agrifood sector. Co-hosting the Deal Room with Propcom+ presents a unique opportunity to position Nigeria’s most promising agribusinesses before global investors. This platform is fundamentally about unlocking capital and forging long-term investment partnerships that deliver shared prosperity,” he said.

The Deal Room is part of Propcom+’s broader mandate to strengthen Nigeria’s agricultural markets, empower SMEs, and drive low-carbon, climate-smart growth. Propcom+ says it will continue to support participating enterprises through technical assistance, investor engagement, due diligence, and transaction facilitation—helping move businesses toward successful investment closure.