Agriculture-1

Stop exporting raw materials, agric experts advise farmers

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Posted on March 23, 2018

Agricultural experts have advised farmers to stop exporting raw materials, but rather add value to the products to generate higher revenue.

The Chief Executive Officer, Best Foods Global Limited, Dr. Emmanuel Ijewere, said farming only accounted for about 20 per cent of activities in the agribusiness sector, while value addition and other value chain activities were responsible for the remaining 80 per cent.

He explained that the cashew being produced in Nigeria and exported at a meagre sum was merely roasted in Vietnam and sold for a higher price.

He stated that the difference in unit prices was about $20, adding that if Nigerians had taken the pain to ‘roast it’, they would have realised higher revenue.

While speaking at the Moringa Export Launch in Lagos, Ijewere noted that Nigeria was poor by choice.

According to him, Nigeria is blessed with resources needed to grow, process agricultural produce, earn good revenue and enrich the populace.

He said Nigerians spent time on things not available in the country, rather than concentrate on available resources to make a living.

“Nigeria is poor by choice. We have an untapped multi-trillion naira agribusiness economy. All we have to do is focus on value addition before exportation. However, the focus should not be on exportation only. There should be a balance between production for exportation and production for local consumption,” Ijewere stated.

He added that there were a lot of untapped resources in Nigeria.

Speaking further, he said the Moringa economy was fast developing, while urging farmers to tap into this to generate income.

He explained that the cashew being produced in Nigeria and exported at a meagre sum was merely roasted in Vietnam and sold for a higher price.

He stated that the difference in unit prices was about $20, adding that if Nigerians had taken the pain to ‘roast it’, they would have realised higher revenue.

While speaking at the Moringa Export Launch in Lagos, Ijewere noted that Nigeria was poor by choice.

According to him, Nigeria is blessed with resources needed to grow, process agricultural produce, earn good revenue and enrich the populace.

He said Nigerians spent time on things not available in the country, rather than concentrate on available resources to make a living.

“Nigeria is poor by choice. We have an untapped multi-trillion naira agribusiness economy. All we have to do is focus on value addition before exportation. However, the focus should not be on exportation only. There should be a balance between production for exportation and production for local consumption,” Ijewere stated.

He added that there were a lot of untapped resources in Nigeria.

Speaking further, he said the Moringa economy was fast developing, while urging farmers to tap into this to generate income.

Source:http://punchng.com/stop-exporting-raw-materials-agric-experts-advise-farmers/


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