JR Farms Group, a Nigerian agribusiness firm, has formalized a $60 million public-private partnership with the Government of Liberia aimed at revitalizing the country's coffee sector. The 20-year concession agreement, signed in Monrovia, is designed to enhance agricultural investment, develop the coffee value chain, and stimulate economic growth in Liberia. Under this initiative, JR Farms plans to cultivate over 250,000 hectares of coffee plantations and plant approximately 200 million coffee trees, which is expected to benefit more than 200,000 farmers and create around 300,000 direct and indirect jobs. The project will primarily focus on key coffee-producing counties such as Nimba, Lofa, and Bong, marking a significant step in strengthening regional cooperation in agriculture and expanding the influence of Nigerian firms in cross-border agribusiness investments.
Related Articles
Don't miss out on breaking stories and in-depth articles.