Mr Offon Udoffia, an export expert, on
Friday, stressed the need for increased
processing and storage of agricultural
products for export as one of Nigeria’s
way out of the current recession.
Udoffia stated this in an interview
with the News Agency of Nigeria
(NAN) in Abuja as he suggested moves
that could be taken to pull the
economy out of slump.
He said that an aggressive promotion
of agricultural value chain would not
only restore economic buoyancy but
create job opportunities.
He added that “40 per cent of our
harvests are wasted due to the lack of
export value chain; we need to process
more for export.
“We must think of ways of preserving
our agricultural products so as to
avoid wastage.’’
Udoffia, who is the Chairman of
Rivers/Bayelsa Shippers Association
(RIBASA), said it was time for Nigeria
to look inwards for economic
innovations and actions for a virile
economy.
He noted that the siting of cashew nuts
and pawpaw processing companies for
exports would not only create wealth,
but employment opportunities for the
teeming youths in the country.
The expert, who is into cashew and
palm oil exportation, said “if a 250
metric tonne of cashew nuts factory is
established in Nigeria, more than 500
youths will get jobs.
“If, however, we establish a 500 metric
tonne of the cashew nuts factory,
certainly over 1,000 youths will gain
employment.’’
But he reiterated the need for
renewed export value addition to
agricultural products to avert wastage.
Friday, stressed the need for increased
processing and storage of agricultural
products for export as one of Nigeria’s
way out of the current recession.
Udoffia stated this in an interview
with the News Agency of Nigeria
(NAN) in Abuja as he suggested moves
that could be taken to pull the
economy out of slump.
He said that an aggressive promotion
of agricultural value chain would not
only restore economic buoyancy but
create job opportunities.
He added that “40 per cent of our
harvests are wasted due to the lack of
export value chain; we need to process
more for export.
“We must think of ways of preserving
our agricultural products so as to
avoid wastage.’’
Udoffia, who is the Chairman of
Rivers/Bayelsa Shippers Association
(RIBASA), said it was time for Nigeria
to look inwards for economic
innovations and actions for a virile
economy.
He noted that the siting of cashew nuts
and pawpaw processing companies for
exports would not only create wealth,
but employment opportunities for the
teeming youths in the country.
The expert, who is into cashew and
palm oil exportation, said “if a 250
metric tonne of cashew nuts factory is
established in Nigeria, more than 500
youths will get jobs.
“If, however, we establish a 500 metric
tonne of the cashew nuts factory,
certainly over 1,000 youths will gain
employment.’’
But he reiterated the need for
renewed export value addition to
agricultural products to avert wastage.
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