[{"bbox": [68, 100, 1157, 642], "category": "Table", "text": "<table><tr><td>Planning, processes and systems</td><td>Existing business models do not meet requirements of replicability and funding</td><td>Medium</td><td>Medium</td><td>• Strict selection process to identify sectors and partners to be supported that meet the minimum eligibility criteria</td></tr><tr><td>Planning, processes and systems</td><td>Existing innovative technologies are too expensive</td><td>Medium</td><td>High</td><td>• Identify partnerships that can support the adaptation of climate smart technologies (impact investors, private equity, DFIs)</td></tr><tr><td>External environment</td><td>Security challenges and localised conflicts.</td><td>Medium</td><td>High</td><td>• Locations will be chosen after consideration of the potential unrest<br>• Flexible implementation approach</td></tr><tr><td>External environment</td><td>Governments promote state-led investment models with a risk of land expropriation in conflict with inclusive principles</td><td>Medium</td><td>Medium</td><td>• Actively promote attractiveness and advantages of inclusive business models based on core best practice principles, emphasising their relevance to attracting large scale impact investment.</td></tr><tr><td>External environment</td><td>Environmental and climate/weather risks</td><td>High</td><td>High</td><td>• Actively promote climate-smart agricultural practices</td></tr></table>"}, {"bbox": [79, 644, 239, 668], "category": "Section-header", "text": "## Lessons Learnt:"}, {"bbox": [79, 681, 1147, 763], "category": "Text", "text": "Based on the lessons learned through the preceding NICOP project, efforts will need to concentrate on capacity building of agri-businesses to bring them to an investment-ready/bankable stage. Working with smallholder farmers will require support to their organisation and basic business literacy."}, {"bbox": [79, 774, 1147, 854], "category": "Text", "text": "Other interventions under this Action will also be mostly with the non-government stakeholders, such as in the financial sector. The sector is relatively robust and solid but characterised by strong risk aversion to investment in the agricultural sector, for which capacity building and risk mitigation will be provided (incl. through EFSD+)."}, {"bbox": [79, 866, 284, 890], "category": "Text", "text": "Other lessons are that:"}, {"bbox": [117, 905, 1130, 931], "category": "List-item", "text": "* Understanding and promoting climate-smart technologies at all stages of the production process is key."}, {"bbox": [117, 932, 1147, 984], "category": "List-item", "text": "* Adequate engagement with public private sector actors to ensure alignment with priorities and expectations are needed."}, {"bbox": [117, 985, 1143, 1011], "category": "List-item", "text": "* Technologies and innovations need to be fit for purpose, adapted to the Nigerian context and local needs"}, {"bbox": [117, 1012, 1147, 1064], "category": "List-item", "text": "* Inclusive Businesses are fundamental with integration of small holder farmers and MSMEs as key to ensuring inclusivity and sustainability"}, {"bbox": [117, 1065, 1147, 1117], "category": "List-item", "text": "* Opportunities to add value and migrate to new and higher level activities along the value-chain are to be increased with special emphasis on processing"}, {"bbox": [117, 1118, 1147, 1144], "category": "List-item", "text": "* Informality of the sector needs to be addressed (i.e. contracts, rules and regulations, enabling environment)"}, {"bbox": [117, 1145, 1147, 1197], "category": "List-item", "text": "* Traditional finance perceives novel models as too risky so more responsible and innovative sources are required (i.e. impact investment, agent banking). Catalytic role of DFI needs to be optimised"}, {"bbox": [117, 1198, 1147, 1250], "category": "List-item", "text": "* Driving wider scale food systems transformation through inclusive agribusiness is required to ensure long term sustainability, secure supply and nutrition and women's empowerment"}, {"bbox": [117, 1251, 1147, 1303], "category": "List-item", "text": "* Empowering critical partners to access local and regional markets with the right quality, certification and standards and specifically exploring the AfCFTA benefits is needed"}, {"bbox": [117, 1304, 1147, 1381], "category": "List-item", "text": "* Improving the effectiveness of multi-stakeholder partnerships around food and nutrition security as well as promoting value addition including economic clusters that actively support production and processing (logistics, etc.) is needed"}, {"bbox": [117, 1382, 1147, 1436], "category": "List-item", "text": "* Improved data collection and analysis is essential for better planning, policy, governance, and accountability"}, {"bbox": [86, 1454, 382, 1484], "category": "Section-header", "text": "## 3.5. The Intervention Logic"}, {"bbox": [82, 1498, 1147, 1578], "category": "Text", "text": "The underlying intervention logic for this action is that social stability in Nigeria will be preserved if the government, the private sector and other development partners (including the EU) invest in the youth who make up the majority of Nigeria's population and who are the most affected by unemployment and under-employment."}, {"bbox": [82, 1590, 1147, 1643], "category": "Text", "text": "IF climate smart agriculture and sustainable transformation of Agro-SMEs in selected value chains are developed in Nigeria, taking into account specific challenges for women and youth, Then new and existing agribusinesses will"}, {"bbox": [1039, 1662, 1156, 1686], "category": "Page-footer", "text": "Page 12 of 23"}]