A Nigerian agro-development company, JR Farms Group, has signed a $60 million partnership agreement with the Liberian government to revive the country’s coffee industry, expand agricultural exports and create more than 300,000 jobs over the next 20 years.
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.
Under the long-term partnership, more than 250,000 hectares of coffee plantations will be developed across Liberia, while at least 200 million coffee trees are expected to be planted. The initiative is projected to benefit over 200,000 farmers and stimulate significant growth across the country’s coffee value chain.
Liberia, known globally for its distinctive Liberica coffee variety, possesses favourable climatic conditions and fertile soils suitable for the cultivation of Liberica, Arabica and Robusta coffee. The government has identified coffee as one of the strategic crops expected to drive agricultural transformation, economic diversification and export growth.
The initiative aligns with Liberia’s National Agriculture Development Plan (NADP), which seeks to establish 15,000 hectares of new coffee farms within the next five years as part of broader efforts to revitalise the sector and increase export earnings.
Speaking at the signing ceremony, Agriculture Minister Alexander Nuetah described the agreement as a significant step towards restoring Liberia’s position as a major coffee-producing nation.
He said the partnership would provide new opportunities for farmers, create employment and unlock economic growth in rural communities across the country.
“This partnership represents a major opportunity to revive Liberia’s coffee sector, empower farmers, create jobs and unlock new economic opportunities for rural communities across the country,” he said.
Also speaking, the Founder and Chief Executive Officer of JR Farms Group, Olawale Rotimi Oyeyemi, described the agreement as part of a broader vision to reposition Africa as a leading force in the global coffee industry.
According to him, Liberia’s rich history in coffee production, particularly its unique Liberica variety, presents a strong foundation for the sector’s revival and long-term growth.
Oyeyemi noted that the partnership would not only boost coffee production but also drive value chain development, generate employment and increase revenue for the Liberian economy.
The agreement marks one of the largest private-sector commitments to Liberia’s coffee industry in recent years and is expected to strengthen economic ties between Nigeria and Liberia while advancing agricultural development across the region.
