National Economy
Monday, June 30, 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 Lead-In

Nigeria Loses $9bn Annually To Post-harvest Waste

by Caleb Owaise
1 year ago
in Lead-In
Reading Time: 2 mins read
Tinubu
Share on FacebookShare on TwitterShare on Telegram

You May Like

‘Intra-African Trade To Hit $440bn By 2035 With Full AfCFTA’

FG, EU, UNICEF Launch N21.7bn Social Safety Net As Pension Assets Hit N23.65tn

Nigeria loses nearly $9 billion annually due to post-harvest waste caused by inadequate facilities, according to U.S. Consul General Will Stevens.
Speaking virtually at the launch of Manamuz Electric’s Aguobu Iwollo Refrigerated Aggregation Center in Enugu State, Stevens highlighted the significance of addressing issues in cold storage, agro-processing, and transportation infrastructure to mitigate these losses.
Stevens commended Uzo Mbamalu, a Mandela Washington Fellow who spearheaded the solar-powered cold storage project. Uzo, one of 12,000 Nigerians who have participated in U.S. government exchange programs, utilized his experience at the University of Nevada-Reno to establish connections benefiting his community. Stevens acknowledged the University’s College of Business for providing technical and business advisory support, alongside a grant from the U.S. Africa Development Foundation.
Acknowledging the project’s stakeholders including the Enugu State Marketing Company, Enugu State Polytechnic Iwollo, and smallholder farmers, Stevens emphasised the importance of infrastructure in driving inclusive economic growth. He stated that infrastructure facilitates job creation, business expansion, and societal development, especially in underserved communities.
Highlighting the economic impact of post-harvest waste, Stevens mentioned that the solar-powered cold storage facility provides a reliable and cost-effective solution for agricultural stakeholders. He stressed the necessity of public-private financing options to address Nigeria’s infrastructure needs, emphasizing the U.S. commitment to Nigeria’s economic success through private sector engagement and targeted government support.
Stevens cited recent initiatives such as the Global Food Security Strategy Country Plan for Nigeria, launched to enhance agricultural productivity and drive economic growth. He noted USAID’s investments in agriculture, totaling nearly $200 million over five years, aimed at improving food security and household resilience.
Stevens emphasised partnerships with the Nigerian agricultural value chain to develop new technologies, enhance trade capacity, and train farmers. He highlighted the potential for U.S. businesses in Nigeria’s market, particularly in farming equipment, food processing, and cold chain storage solutions.
Stevens underscored the importance of a stable, transparent, and business-friendly regulatory environment to attract investment. He expressed readiness to collaborate with Nigeria to strengthen institutions and regulatory frameworks, making the country more attractive for business.

In conclusion, Stevens thanked Uzo and partners for their invitation, congratulating them on the successful launch. He expressed optimism about Nigerian startups and businesses scaling globally through partnership with the United States.

 

Tags: Aguobu IwolloAnnuallyUzo Mbamalu
ShareTweetShare
Previous Post

34.3% Of Employed Nigerians Impoverished By Low-skilled, Low-paid Jobs – Report

Next Post

UNAUTHORISED Operators pose threat AS….Nigeria Records N1.9bn PoS Fraud In 1 Year

ANOTHER GOOD READ

‘Intra-African Trade To Hit $440bn By 2035 With Full AfCFTA’
Lead-In

‘Intra-African Trade To Hit $440bn By 2035 With Full AfCFTA’

16 hours ago
FG, EU, UNICEF Launch N21.7bn Social Safety Net As Pension Assets Hit N23.65tn
Lead-In

FG, EU, UNICEF Launch N21.7bn Social Safety Net As Pension Assets Hit N23.65tn

16 hours ago
Insurance Industry Premium Income Rises To N1.5trn, As Policyholders Claim N622bn
Lead-In

Insurance Industry Premium Income Rises To N1.5trn, As Policyholders Claim N622bn

16 hours ago
Nigeria Tops Global Electricity Access Deficit For 3rd Straight Year
Lead-In

Nigeria Tops Global Electricity Access Deficit For 3rd Straight Year

16 hours ago
Nigerian Seafarers Decry Discrimination, Bullying On Board
Cover

Nigerian Seafarers Decry Discrimination, Bullying On Board

16 hours ago
CPS: PenCom, OHCSF Plan Gratuity Scheme For Civil Servants
Lead-In

CPS: PenCom, OHCSF Plan Gratuity Scheme For Civil Servants

1 week ago
Next Post
UNAUTHORISED Operators pose threat AS….Nigeria Records N1.9bn PoS Fraud In 1 Year

UNAUTHORISED Operators pose threat AS....Nigeria Records N1.9bn PoS Fraud In 1 Year

Most Recent

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

June 30, 2025
Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force   

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

June 30, 2025
17 States Confirm Plans To Host Olympic Day

17 States Confirm Plans To Host Olympic Day

June 30, 2025
NSC Commends Akeredolu For Driving Nigeria’s Flag Football Success

NSC Commends Akeredolu For Driving Nigeria’s Flag Football Success

June 30, 2025
We Are Ready To Host CAA U18/U20 Championships – LOC

We Are Ready To Host CAA U18/U20 Championships – LOC

June 30, 2025
PFL  Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

PFL Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

June 30, 2025
Unlocking Africa’s Manufacturing Potential In Global Trade Networks

Unlocking Africa’s Manufacturing Potential In Global Trade Networks

June 30, 2025
Driving Aviation Growth Through Regional Collaboration

Driving Aviation Growth Through Regional Collaboration

June 30, 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