Nigeria’s agriculture can generate $40bn yearly – AFAN


The All Farmers Association of Nigeria (AFAN) has revealed that the Federal Government’s quest to grow the country’s agric sector through exportation of agric products could earn the country about $40 billion per annum.

The Chairman of AFAN Lagos chapter, Femi Oke, said that the country’s potential for agricultural exports would attract $40 billion into the Nigerian economy if well harnessed.

He explained that that the non-oil export market was key to national development.

According to him, activities in the agricultural sector had the potential to reduce hunger, create jobs, enhance food security and economic development.

“If we take agriculture seriously and deliberately build our capacity in production, processing and marketing of agricultural products, we can generate and earn $50billion annually as revenue.” He said

He therefore canvassed for greater focus on farm produce, as opposed to exporting them in their raw state noting that, “exporters can earn more by adding value to farm produce. As agribusiness people, our wealth comes from growing the crops, selling them and everything inbetween.” Oke explained


Peace PIAK