National Economy
Friday, August 22, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Nigeria Loses 40% Agricultural Produce To Inadequate Storage – Obasanjo

by Olushola Bello
1 year ago
in Business, News
Reading Time: 2 mins read
Agricultural
Share on FacebookShare on TwitterShare on Telegram

Former president, Olusegun Obasanjo, has affirmed that for food security, affordability, and accessibility to be attained, Nigeria must resolve the wastage recorded by farmers which accounts for 40 per cent due to lack of storage facilities among other challenges hampering food security in the nation.

Obasanjo stated this at the opening of the three days agrofood and plastprintpack Nigeria Exhibition organised by fairtrade Messe yesterday in Lagos.

Obasanjo noted that policy sustainability and continuity that will foster technological development in agriculture will guarantee the availability of food security, nutrition, and food accessibility which are factors that should be taken into consideration.

According to him, the nation must be intentional and ensure that agricultural business is maintain policy sustainability and continuity that will foster technological development in Agriculture that will guarantee the availability of food security and availability for the nation.

You May Like

Land Transport Policy Will Ensure Road Safety

FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

The former president remarked that the Agrofood Exhibition should be sustained to encourage SMEs, as it brings partnerships for farmers, processors, marketers, exporters, quality assurance and equipment suppliers, finance and policy coordination, and research innovation and technology.

He, however, said, “Availability of finance at a reasonable cost should be encouraged by the government to make food available and accessible.

The managing director,Fair Trade Messe, Paul Maerz, noted that Nigeria’s investments in food and packaging technology are soaring, positioning the nation as a key player in Africa, trailing only South Africa and leading before Egypt.

He quoted Euromonitor International, which states that, Nigeria’s food production has witnessed a remarkable surge of 40 per cent in recent years, from €26 billion in 2016 to €36 billion in 2020, projected to rise by 48 per cent between 2021 and 2024, from €42 billion to €63 billion.

He, however, asserted that Nigerian imports of printing and paper processing technology continue to surge, securing Nigeria’s position as the second-largest investor in sub-Saharan Africa.

He pointed out that “the rapid population growth from 216 million in 2024 to 411 million in 2050 demands sustainable investments in Nigeria’s agrofood and plastprintpack industry, and together, we are poised to meet this challenge head-on.”

On his part, minister of agriculture & food security, Sen. Abubakar Kyari, expressed concern over post-harvest losses with estimates suggesting that up to 40 per cent of our agricultural produce is lost annually due to inadequate storage and transportation facilities.

He said, “This alarming statistic represents not only a substantial economic loss to our farmers but also poses a grave threat to food security and nutrition in our nation.”

He added that “as a result, the Nigerian government is committed to fostering partnerships and collaborations with both public and private stakeholders to strengthen the nation’s cold chain networks which encompasses refrigeration, transportation, and storage facilities that will help preserve the quality and nutritional value of agricultural produce from farm.”

 

Tags: Agricultural
ShareTweetShare
Previous Post

NEM Chairman Charges Insurers On Mental, Physical Fitness

Next Post

Africa Attracts $4.5bn In Venture Capital, Venture Debt Investment In 2023

ANOTHER GOOD READ

Land Transport Policy Will Ensure Road Safety
Business

Land Transport Policy Will Ensure Road Safety

6 hours ago
FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026
Business

FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

6 hours ago
WIMBIZ, CBN Advocate Strategic Policies To Advance Women In Leadership
News

WIMBIZ, CBN Advocate Strategic Policies To Advance Women In Leadership

6 hours ago
Federal Gov’t Destroys 250 Containers Of Fake, Expired Drugs Nationwide
Business

Customs Seizes N905m Rolls Royce, Other Contrabands In Ogun

6 hours ago
Ethiopian Airlines Expands Abuja Operations
News

Ethiopian Airlines Expands Abuja Operations

6 hours ago
CBN Cautions Public On Impersonation , Fraud Risks
Business

Nigeria’s FX Reserves Hit $41bn, Highest In Since 2021

7 hours ago
Next Post
Africa Attracts $4.5bn In Venture Capital, Venture Debt Investment In 2023

Africa Attracts $4.5bn In Venture Capital, Venture Debt Investment In 2023

Most Recent

Land Transport Policy Will Ensure Road Safety

Land Transport Policy Will Ensure Road Safety

August 21, 2025
FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

August 21, 2025
WIMBIZ, CBN Advocate Strategic Policies To Advance Women In Leadership

WIMBIZ, CBN Advocate Strategic Policies To Advance Women In Leadership

August 21, 2025
Federal Gov’t Destroys 250 Containers Of Fake, Expired Drugs Nationwide

Customs Seizes N905m Rolls Royce, Other Contrabands In Ogun

August 21, 2025
Court Sentences 8 To 10-yr Jail Terms For Stealing Airport Cables In Adamawa

Court Stops Police From Arresting OAP Nedu Wazobia Over Alleged Breach Of Contract

August 21, 2025
Ethiopian Airlines Expands Abuja Operations

Ethiopian Airlines Expands Abuja Operations

August 21, 2025
CBN Cautions Public On Impersonation , Fraud Risks

Nigeria’s FX Reserves Hit $41bn, Highest In Since 2021

August 21, 2025
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT

‘Resign, Join Private Sector If You Want Higher Salaries’, Activist Tells Political Office-holders

August 21, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy