Agro-Industrialisation: AfDB Tasks Nigeria On Food Exportation - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
August 29, 2019
The African Development Bank AfDB has advisedNigeria to formulate appropriate and sustainable strategies to promoteagro-industrialisation to foster domestic and export competitiveness in theagro-business industry.
The statement by the bank’s Communication andExternal Relations Department, reported Banji Oyelaran-Oyeyinka, Senior SpecialAdvisor on Industrialisation to AfDB President to have given the advice at anevent.
It further said that Oyelaran-Oyeyinka gave theadvice at the Feed Nigeria Summit 2019 held in Abuja.
He explained that once such strategies were put inplace, the outcome would generate jobs, reduce poverty, improved livelihoodsand quality of lives through increased contribution of manufacturing to GrossDomestic Product GDP.
He said Nigeria like other African countries neededto focus on exporting processed agro-products in general.
The advisor said it was important to identify whichwere priority products for individual countries in terms of food security andexport advantage.