Table 4 Respondents’ consensus of the assessment of strategies for sustainable agribusiness development in Nigeria

1

A favourable macro-policy environment must be created

Appropriate monetary and fiscal policies to stabilize the value of the domestic currency

Central Bank of Nigeria

2

Declare and follow food safety and market supply consistency

Marketing Freedom to show its support and commitment to the liberalization policy

Government and her agencies

3

Increase human capacity for agricultural development

A framework for the facilitation of a consistent business and technical training assistance programme to scale up the required skills for actors along agricultural value chains

Public Sector and Private Sectors

4

Increase access to credit and insurance

Access to finance and insurance for the development of agribusiness through a financial market in which agro-actors have high accessibility and penetration of finance outlets into rural areas

Finance Institutions

5

Quality assurance for the supplied input

Low-quality input and output must be checked on a regular basis. As a result, quality control and anti-monopoly measures are unavoidable for a well-functioning agriculture industry

Public Sector. Functioning Regulatory System

6

Transparency should be promoted in the agribusiness industry

An MIS should be created to collect, analyse, and disseminate information about prices, deliveries, and stock levels at various locations

Public Sector: Functioning Regulatory System

7

Increase research capacity for the promotion of private agro-companies, and Promote Technology Transfer activities

Because modern agriculture is science-based, research institutes, universities, vocational centers, and so on must be strengthened, and industry-linked pedagogy developed

Public & Private Sectors through NUC & NBTE