Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,181,117 members, 7,913,171 topics. Date: Tuesday, 06 August 2024 at 08:40 PM

Fg Targets $8 Billion Forex Earning Annually From Yam Export - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Fg Targets $8 Billion Forex Earning Annually From Yam Export (316 Views)

Ease Of Doing Business: FG Targets Top 100 Ranking In 2yrs / Budget: FG Targets N100bn From Islamic Bond, And / Pa Audu Ogbe’s Nigerian Yam Export: A Wrong Step, In The Right Direction (2) (3) (4)

(1) (Reply)

Fg Targets $8 Billion Forex Earning Annually From Yam Export by marryjesus: 7:49pm On Jun 22, 2017
The Federal Government says it is targeting about eight billion dollars as annual foreign exchange from the exportation of yams to other countries if its yam export programme succeeds.

Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, said this when he received the Technical Committee on Nigeria Yam Export Programme in Abuja on Thursday.
Ogbeh said the programme to be flagged off on June 29, would enable the country earn foreign exchange from agricultural produce in order to substitute the oil and gas sector.
According to him, Ghana is exporting yams but we are not, yet we account for 61 per cent of the world yam production.
“This programme has to succeed; we must sell whatever we produce to the world because we are buying too much. We allowed ourselves to be deceived.
“I saw the figures of Ghana’s earning from yam export and their targets for the future and it was quite impressive.
“If Ghana can aim at a few billion dollars a year from yams, there is no reason why Nigeria cannot quadruple that.
“I want this committee to begin to engage team of engineers anywhere in the world. Can we design a plough that can make the yam heap?
`We have to mechanise heap making otherwise, in the next five years, because of our aging farmers, you will find out that we do not have yams again and we will get into fresh troubles,’’ he said.
Prof. Simon Irtwange, the Chairman of the committee, said that the committee was working with the International Institute of Tropical Agriculture (IITA) to train farmers and also improve some yam varieties.
The chairman said the committee had prepared a four-year action plan for the yam value chain programme in the country.
He solicited for better funding for the committee which was private sector led to commence the programme.
“We have standards that we are following and they have to do with pytho-sanitary requirements to meet international standards.
“We have combined the standards of Ghana and Nigeria to make sure our yams are not rejected at the international markets,’’ he said.
Mrs Elizabeth Nwankwo, a yam exporter, representing Oklan Best Limited, listed some challenges experienced by exporters to include inadequate transportation and lack of quality seedlings.
She explained that inadequate storage facilities also contributed to the rejection of the country’s agricultural produce at the international markets.
Nwankwo expressed optimism that there would be zero rejection of the country’s agricultural produce, if the challenges were tackled.
The News Agency of Nigeria (NAN) recalls that the committee was inaugurated in February to facilitate the acquisition of warehouses at the receiving destinations, address markets in Europe and Canada.
more at http://www.akelicious.com/2017/06/fg-targets-8-billion-forex-earning.html

(1) (Reply)

Get A Business Plan To Set Up And Expand Your Business / Zuel Bedding>>exquisite Bedsheets And Duvet Covers / Us Verified Paypal

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.