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Nigeria unveils programme to revive agro-allied industry
24
Jul '18
Nigeria unveils programme to revive agro-allied industry
The Government of Nigeria has launched the Nigeria Agri-business and Agro-industry Development Initiative (NAADI), to revive agro-allied industries including the textile industry. A zonal office for the implementation of the initiative has been set up in Kano, in North West Nigeria. NAADI offices are already set up in Akure, Bauchi, Uyo, Owerri and Sokoto.

NAADI would facilitate the achievement of productive and profitable value chains as well as greater agribusiness participation in domestic and international markets, said Hajiya Aisha Abubakar, Nigerian minister of state for industry, trade and investment, at the inauguration of the Kano office, according to Nigerian media reports.

The initiative is part of the Federal government’s efforts to accelerate the growth and diversification of the Nigerian economy. It is intended to harness the enormous potentials inherent in the non-oil sector of the Nigerian economy and other opportunities that are capable of diversifying the revenue base of the country, Abubakar, represented by the ministry’s permanent secretary, Edet Sunday Akpan, said.

Nigeria’s dependence on imports of manufactured goods has affected the necessary value-chain linkage between agriculture and the industry. So, a major objective of NAADI is to develop an industrialised and commercialised agriculture sector comprising highly productive and profitable commodity value chains with a view to accelerating the growth and diversification of the economy into high value products, Abubakar said. (RKS)

Fibre2Fashion News Desk – India


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