Tinubu Optimistic Nigeria Will Become Major Exporter of Food
Nigerian President Bola Tinubu has expressed optimism that Nigeria will become a major exporter of food.
His administration is revolutionizing agriculture towards achieving food sufficiency for Nigerians.
Tinubu has also promised to turn Nigeria into an import and export hub with data. In an effort to make food more affordable amid rising costs, President Tinubu has directed the release of 42,000 metric tonnes of maize, millet, garri, and other food commodities from the strategic reserves of the Ministry of Agriculture and Food.
Nigeria has the potential to become a major exporter of food due to its vast arable land and favorable climate. However, the country has been facing challenges in the agricultural sector, including inadequate infrastructure, poor access to credit, and low productivity. Tinubu’s administration is working to address these challenges and promote agricultural development in the country.
Tinubu has been seeking to make Nigeria attractive to investors in a bid to revive an economy facing rising inflation and huge debt. He has welcomed new trade agreements with Germany, including a deal that calls for Nigeria to export liquid natural gas.
Tinubu attended the G20 Compact with Africa Summit in Berlin, which experts say is an avenue for Nigeria to attract more investments.
Tinubu’s administration is also investing heavily in the agricultural sector to achieve food sufficiency for Nigerians. The government is providing support to farmers through various initiatives, including the Anchor Borrowers’ Program, which provides credit facilities to smallholder farmers.
The government is also promoting the use of technology in agriculture to increase productivity and reduce post-harvest losses.
Tinubu has underscored the need for the integration of complex data to interpret the just as he disclosed plans by his administration to turn Nigeria into a hub of export and import. Tinubu has directed the Nigeria Customs to adopt technology as a major leeway in global trade.
He has also advocated for a special economic status for Lagos State, given its contributions to the nation’s economy in terms of revenue generation and developmental.
In conclusion, Tinubu’s administration is working towards achieving food sufficiency for Nigerians and promoting agricultural development in the country.
The government is investing heavily in the agricultural sector and promoting the use of technology to increase productivity.
Tinubu is also seeking to make Nigeria an attractive destination for investors and turn the country into an import and export hub with data. With these efforts, Nigeria has the potential to become a major exporter of food in the future.