Business
Shonekan Seeks Agro-Allied Desk In Banks
Former Head of Interim National Government, Chief Ernest Shonekan, in Kaduna has urged the government to compel banks to establish agro-allied desks to develop the sector.
Shonekan made the call at a seminar, organised by Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), as part of the activities marking the 33rd Kaduna International Trade Fair.
The fair, which took off last Saturday in spite of security challenges, recorded the lowest turnout ever witnessed in the history of the international event.
Shonekan was also the Chairman at a seminar with the theme “Reawakening Nigerian Enterprises Towards Global Competitiveness’’.
He said the establishment of the desk by the banks would enable farmers to access loans and establish agriculture processing industries.
Shonekan said that the establishment of the desk would also assist farmers to
export their produce and add value to their products.
“This will enable them compete favourably with others in the international
market,’’ he said.
Shonekan said, for the country to improve its economic status, there must be improvements in transportation and resolution of the crises in the labour market and energy sector.
“Apart from crude oil, Nigeria is blessed with vast mineral and agricultural
resources,’’ he said.
He said proper exploitation and utilisation of the resources would make them to compete with crude oil in contributions to the national revenue.
He appealed to the government to inject more funds to agriculture to enable it to create jobs, reduce poverty and control youth restlessness.
Shonekan urged the government to establish more refineries to process crude oil for export to harness its full potential.
In his presentation, Mahesh Sachdev, the Indian High commissioner to Nigeria, said Nigeria was India’s second largest trading partner with a volume of trade of 16.4 billion dollars in 2011.
He said India invested five billion dollars in Nigeria in 2010, while more than 35,000 Indians residing in the country had been participating in different economic activities.
Sachdevsaid the Indian companies established in the country were Nigeria’s secon
largest employers of labour.
The envoy said that some of the obstacles to business between the two countries included the lack of air, sea and banking connectivity.
He said others were financial constraints, weakness of enabling framework and insufficient leveraging of the Diaspora.
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