Africa Agriculture Agritech FA Food Impact Investment Nigeria

Consequences of a fragmented ESG on Nigeria’s food system – Part 2

Consideration of the three dimensional factors that aid in providing a comprehensive understanding of a company’s performance, further gives room for prediction and measurement of future impacts, as well as, providing a framework for further advancement towards sustainability, the ESGs best elaborates on this.

In the case of a sustainable food system, words like ” climate change, product safety, resource scarcity, due diligence and evaluation” come into play to determine how progressive or backward the system is.

Understanding the expectations from ESG’s perspective would trigger the implementation of functional policies that are mutually beneficial to both the society and the extensive agri-food chain in Nigeria.

Following a recap from my last article, attaining goals 2 & 12 of the SDGs –”Zero hunger” and “Responsible consumption” respectively– here in Nigeria would not only require a responsible approach but also strategically prioritised partnership between the government, as well as, key actors in the agri-food industry.

Also Read: Consequences of a fragmented ESG on Nigeria’s food system

A robust framework, mind mapping potentials, investment and regulatory policies would imply investing heavily in the agri-food chain through modernisation, intensive research for expansion and leveraging on the best available technological solutions that align with local and international standards.

These, amongst several other factors, could birth the paradigm shift needed in accelerating a sustainable food system that would simultaneously mitigate risks associated with food insecurity, create value, and promote environmental responsibility.

These considerations are not just important for social well-being, they would also aid the principal drivers of the agri-food sector to build a competitive labour force, optimise their value chains and grow into new market segments across and outside Nigeria.

All of these can be attained where critical governance, accountability and transparency is tangibly evidenced.

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