A Nigerian agro-development company, JR Farms Group, has entered into a $60 million partnership agreement with the Government of Liberia to revive the country’s coffee industry, expand agricultural exports and create more than 300,000 jobs over the next two decades.
The agreement, valued at approximately N81.6 billion, was signed in Monrovia by Liberia’s Minister of Agriculture, Dr. Alexander Nuetah, and the Founder and Group Chief Executive Officer of JR Farms Group, Olawale Rotimi Oyeyemi.
The partnership is aimed at restoring Liberia’s coffee sector through increased investment in production, processing and export activities while positioning the country as a competitive player in the global coffee market.
Under the agreement, the initiative is expected to stimulate economic growth, improve livelihoods for farmers and generate employment opportunities across various segments of the agricultural value chain over the next 20 years.
Speaking after the signing ceremony, stakeholders noted that the collaboration would help strengthen bilateral economic ties between Nigeria and Liberia while promoting sustainable agricultural development.
The project is also expected to boost foreign exchange earnings through increased coffee exports and encourage greater private sector participation in Liberia’s agricultural sector.
JR Farms Group said the investment aligns with its commitment to driving agricultural transformation across Africa through innovative agribusiness solutions, value chain development and strategic partnerships.
Observers believe the initiative could serve as a catalyst for the revitalisation of Liberia’s coffee industry and contribute significantly to food security, rural development and inclusive economic growth in the West African region.
