Expert: Agric bigger than oil, worth $8trn globally

An industrial expert has urged the Federal Government to invest more in agriculture, saying it is worth $8 trllion globally, bigger than oil and gas. Specifically, the Senior Special Adviser on Industrialisation to the President of the African Development Bank, Prof. Oyebanji Oyelaran- Oyeyinka, made the appeal during a webinar organised by the Nigerian Academy of Engineering themed: “From Consumption to Production Nation: The Role of Special Agro-Industrial Processing Zones in Nigeria,” recently. Oyebanji described agribusiness as a profitable sector that can help Nigeria bounce back as well as grow its economy.

He said: “Agribusiness by itself is a very profitable business, $8 trillion worth globally. It is bigger than oil and gas, it is bigger than IT, but it happens only when you add value, when you process, when you move goods from the farm to hotels, to airports, to shops, to supermarkets by actually processing those things and branding them.”

Oyebanji highlighted some problems bedeviling the agricultural sector, pointing out that Nigeria only produces and exports low-value raw materials. “We swapped our readymade garment production status to a consumption status, we rush to somewhere else to import what they produce, and we sit here and use oil money to simply buy what others have produced,” he added.”




Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...




%d bloggers like this:
Fake Richard Mille Replica Watches, The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica