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Nigeria can earn $400 billion annually from farm produce export

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Staff writer ▼ | April 25, 2015
Nigeria farm
Africa   Kingsley Nwokoma predicts:

With proper interface between farmers and exporters, zero tariff on export and government’s incentives, Nigeria can be exporting farm produce worth $400 billion annually in the next four years.

Already, over 50 percentpercent of the yam eaten all over the world come from Nigeria, but unfortunately the produce is not exported directly out of Nigeria. It is moved to Ghana by road from where it is exported to Europe and other parts of the world as Ghana farm produce.

The reason for this is that Ghana has zero charges for export of farm produce and because the export system for cargo is not well developed in Nigeria with the attendant high charges, Nigerian farmers transport their produce to Ghana for export.

Australia and New Zealand are in high demand of yam but Ghana is known as major yam producer in the world while all the yams accredited to Ghana come from Nigeria, including that yam sold in Salisbury, London as Ghanaian yam.

President of Association of Foreign Airlines Representatives in Nigeria (AFRAN), Kingsley Nwokoma, an export in cargo airline operations, told This Day that the in-coming government could take advantage of the low prices of crude in the international market to develop an alternative source of foreign exchange through the development of agri-cargo export.

He said Nigeria has the potential to grow agricultural produce for export and within the next four years, could be exporting farm produce worth over $400 billion. He said the in-coming government must have to develop a framework and a target that must be met at a given period of time.

Nwokoma said, first, government must have to introduce zero charges on exports and also reduce the charges on importation of cargo.


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