The United States Consul General, Mr John Bray, on Friday
called for the modernisation of the local economy particularly the agricultural
sector to meet Nigeria’s population growth and development.
and Conference (AFPE) organised by the Nigerian-American Chamber of Commerce (NACC)
Productivity to Meet Global Demand”.
the country to create more businesses in the agricultural sector to provide
jobs for more Nigerians.
over the past several years, huge inequalities still persist between men and
women in the country.
productivity and lack of investment as well as limited or absence of
infrastructure hold back economic development,” he said.
report, said in the next 15 years, more than 370 million youths, including
those in Nigeria would enter Africa’s labour market.
government institutions at all levels to create more jobs.
increasing pressure on natural resources such as food, water and land.”
Counselor in the Embassy, noted that developing and modernising the
agricultural sector should be a priority for the Nigerian Government, private
sectors and other stakeholders.
production, including processing and adding value is a good job and income
generating enterprise,” he said.
and Investment, said the government was not oblivious of the potential of
agriculture and its benefits for the nation’s economy.
sectors identified for growth in the Economic Recovery & Growth Plan (ERGP).
social sector intervention for managing poverty but more as a business for
creating wealth and empowering citizens.
including Nigeria, diversify revenue, reduce import dependency, create jobs and
develop rural areas.”
productivity in the agricultural sector, government will embark on agricultural
industrialisation and implement innovative financing models that cater for the
needs of both low-income farmers and high-income processors.
maintained its export growth rate from the 1960s, its agriculture exports would
have been valued at ₦2 trillion (about
$6.6 billion) today.
valued at just over ₦170 billion ($470
million) – less than 9 per cent of its potential.
have the opportunity to be the leading exporter of rice, maize, corn, shrimps
and cocoa which we have in abundant quantities.
agricultural products traded globally.
need to work towards improving the quality and standards of our products not
just to match up to global standards but to surpass them,” she said.
Enterprises, Bank of Industry (BoI), represented both the Minister and the
Managing Director of BoI, Mr Olukayode Pitan.
Chamber of Commerce, said the chamber would continue to remind all stakeholders
of the need to promote and preserve MSMEs growth.
relevant frameworks such as access to market, access to business funding,
export value chain process, and the full implementation of the African Growth
Opportunity Act (AGOA).