The Federal Government on at the weekend said it was losing $9 billion (N3.2 trillion), annually due to its poor investment in agriculture prior to the coming of the Buhari administration.

The Minister of state for Agriculture, Senator Heineken Lokpobiri, who made the claim at the Afe Babalola University, Ado Ekiti, (ABUAD) during a reception and lunch in his honour by founder of the university, Chief Afe Babalola, noted that before President Buhari came on board, Nigeria was losing $9 billion revenue earnings annually in agricultural sector.”

The minister said Nigeria was also losing over 240 metric tonnes of fish production in the world market that could have increased foreign exchange earnings and boosted the economy.

“In Nigeria, we are not producing enough fish to feed our population, that is why we are relying heavily on importation. The deficit between demand and supply was 2.5 million metric tonnes annually which is about 320 containers. You can imagine the quantum of revenue we lost to low production in this sector alone,” he said.

According to him, “Knowing that most of our products were being taken to other West African nations to be processed and rebranded, we introduced certification policy for all the products in order to have right and proper certificates for our products and in order not to affect the Gross Domestic Products (GDP) negatively.

When I visited Belgium, the Minister of Agriculture there told me the country’s annual revenue earning in agriculture sector was 35 billion Euros. This is a country with less than five million population.

“He further told me that the difference between agriculture in Africa and the West is technology and innovation.

That was why the Federal Government in partnership with the World Bank, earmarked $250 million to train young graduates in agribusiness.

Meanwhile, a reseach by the Federal Ministry of Science and Technology says, agriculture is the highest contributor to global warming in Nigeria.

This research debunks the long-time general assumption that energy is the highest contributor to global warming.

Prof. Peter Ekweozoh, Director, Environmental Sciences and Technology, Federal Ministry of Science and Technology, made this known in an interview in Lagos on Monday.

He spoke at a workshop with theme: “Green Economy Capacity Assessment Workshop” at the Federal Institute of Industrial Research Oshodi (FIIRO), Lagos. The workshop was a partnership between the University of Reading, U.K, and FIIRO to brainstorm on how to improve the Green Economy and mitigate environmental degradation. “A recent research by our ministry shows that the agriculture sector is the highest contributor to global warming in Nigeria and also the use of land, contrary to what we believed.

“Research has proven that it is not energy, and so, if we are able to stop the use of chemical fertilisers, burning of agricultural waste and turn them into usable products, our society will be better.

“The Federal Government is already making efforts at having low carbon development programmes. The President has signed the Paris Agreement that took place in 2015.

https://www.sunnewsonline.com/nigeria-loses-9bn-annually-to-poor-agric-investment-minister/amp/

APC and propaganda na like bokoharam and suicide bombing

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The Federal Government on at the weekend said it was losing $9 billion (N3.2 trillion), annually due to its poor investment in agriculture prior to the coming of the Buhari administration.

We are happy to be part of the movement that voted on our darling President MUHAMMADU BUHARI and his amiable Vice president Prof Yemi OSIBANJO.
We are happy with the good work they are doing all over the nation, and in this case, the Agricultural sector.
This is just the BEGINNING.
To the NEXT LEVEL, AKA a land flowing with milk and honey we go.
SAI BABA WE KNOW.
SAI BABA WE LOVE.
SAI BABA WE WANT!!!

New government will do something about that thanks for your good observation.

[quote author=Mrakeli post=75425209]The Federal Government on at the weekend said it was losing $9 billion (N3.2 trillion), annually due to its poor investment in agriculture prior to the coming of the Buhari administration.

The Minister of state for Agriculture, Senator Heineken Lokpobiri, who made the claim at the Afe Babalola University, Ado Ekiti, (ABUAD) during a reception and lunch in his honour by founder of the university, Chief Afe Babalola, noted that before President Buhari came on board, Nigeria was losing $9 billion revenue earnings annually in agricultural sector.”

The minister said Nigeria was also losing over 240 metric tonnes of fish production in the world market that could have increased foreign exchange earnings and boosted the economy.

“In Nigeria, we are not producing enough fish to feed our population, that is why we are relying heavily on importation. The deficit between demand and supply was 2.5 million metric tonnes annually which is about 320 containers. You can imagine the quantum of revenue we lost to low production in this sector alone,” he said.

According to him, “Knowing that most of our products were being taken to other West African nations to be processed and rebranded, we introduced certification policy for all the products in order to have right and proper certificates for our products and in order not to affect the Gross Domestic Products (GDP) negatively.

When I visited Belgium, the Minister of Agriculture there told me the country’s annual revenue earning in agriculture sector was 35 billion Euros. This is a country with less than five million population.

“He further told me that the difference between agriculture in Africa and the West is technology and innovation.

That was why the Federal Government in partnership with the World Bank, earmarked $250 million to train young graduates in agribusiness.

Meanwhile, a reseach by the Federal Ministry of Science and Technology says, agriculture is the highest contributor to global warming in Nigeria.

This research debunks the long-time general assumption that energy is the highest contributor to global warming.

Prof. Peter Ekweozoh, Director, Environmental Sciences and Technology, Federal Ministry of Science and Technology, made this known in an interview in Lagos on Monday.

He spoke at a workshop with theme: “Green Economy Capacity Assessment Workshop” at the Federal Institute of Industrial Research Oshodi (FIIRO), Lagos. The workshop was a partnership between the University of Reading, U.K, and FIIRO to brainstorm on how to improve the Green Economy and mitigate environmental degradation. “A recent research by our ministry shows that the agriculture sector is the highest contributor to global warming in Nigeria and also the use of land, contrary to what we believed.

“Research has proven that it is not energy, and so, if we are able to stop the use of chemical fertilisers, burning of agricultural waste and turn them into usable products, our society will be better.

“The Federal Government is already making efforts at having low carbon development programmes. The President has signed the Paris Agreement that took place in 2015.

https://www.sunnewsonline.com/nigeria-loses-9bn-annually-to-poor-agric-investment-minister/amp/[there's God]

israelmao:
New government will do something about that thanks for your good observation.

It is a very BIG SHAME and embarrassment when someone just decide to embarass himself and his people online, just because they are too lazy to read a short post!
A big shame!!

Blame game and buck passers after Buhari used 6 whooping months to appoint them.

For APC to criticize Adeshina's wonderful reforms in the agric sector (under GEJ) which eventually led to his being appointed AFDB President shows the highest level of impunity.

B

israelmao:
New government will do something about that thanks for your good observation.

You mean the NEW government that ruled for 16years without doing something about it but rather promoted it because some members were benefiting? You mean that new government with same members want to come and do something about it after the current government as already corrected it?...

AlPeter:
You mean the NEW government that ruled for 16years without doing something about it but rather promoted it because some members were benefiting? You mean that new government with same members want to come and do something about it after the current government as already corrected it?...

If you have been following events there are many contestants in the presidential race.

Minister of Agric & fake statistics is
like rice & beans.....

..........they go hand in hand.. *

You talked about the losses prior to the coming of Buhari. Have you succeeded in cubbing that? How come we still import so much fish and other agro products?
Meanwhile if you want to make good money online click on the link below or check my signature.

Foolish government. So, Audu ogbeh the Agric minister is better than Dr. Akinwunmi Adesina who is now a big boss of a new organisation in Africa? Mad old fools playing blame games. Or are these people finally mad? Do they think masses are fools? Even the blind knows that Jonathan's Agricultural plan is better than this old tall sugar cane stem. Farmers themselves can tell you. A dey laugh. Buhari wants to compare his agric plans with Jonathan.....lol. foolish man. Old crazy fools

Now where are the dividends of your better agricultural investment?

BIAFRONIGERIAN:
For APC to criticize Adeshina's wonderful reforms in the agric sector (under GEJ) which eventually led to his being appointed AFDB President shows the highest level of impunity.

Exactly

ct2:
APC and propaganda na like bokoharam and suicide bombing

if they make me a mod in Nairaland I swear I would ban like 1000 mad people in one day

post=75425562:

It is a very BIG SHAME and embarrassment when someone just decide to embarass himself and his people online, just because they are too lazy to read a short post!
A big shame!!

You have suddenly found your voice after a long time of silence treatment.Is Nigeria there in fish production as compared to other nations in the frontline?Are we making the $9bn annually now?