Business
‘Agro Export To Boost Nigeria’s Forex, Naira’
Director General, Bureau of Public Service Reforms (BPSR), Dasuki Ibrahim Arabi, has stated that export of agricultural commodities such as cocoa, cashew, sesame seeds, palm oil, and other tropical products presents a tremendous opportunity to earn foreign exchange and strengthen Nigeria’s currency, the Naira.
The Director General spoke at the July edition of the Bureau’s lunch-time seminar, in Abuja, asserting that agriculture has historically been the backbone of Nigeria’s economy, providing employment and sustenance to many citizens.
He said: “Additionally, we have seen a rise in demand for non-traditional agricultural products, including processed and value-added goods.
“Embracing technological advancements and promoting agro-processing industries will not only enhance the quality of our exports, but also enable us to access higher-value markets worldwide”.
Themed, “Reform Measures the Nigeria Export Promotion Council (NEPC) has put in place to Diversify the Economy: Challenges and Way Forward,” the event had Dr. Ezra Yakusak, Executive Director/Chief Executive Officer of Nigeria, the NEPC, as guest speaker.
Arabi, while presenting his opening remarks, observed that by promoting the export of indigenous goods and services, Nigeria can tap into new markets, create employment opportunities for its citizens at home, and enhance the overall competitiveness of Nigerian products on the international stage.
He said: “Diversifying our economy and increasing export activities are crucial steps toward achieving sustainable development and reducing our vulnerability to global economic fluctuations.
“By maximizing the potential of our avalable land and investing in modern agricultural practices, we can significantly increase our agricultural exports and earn more foreign currency.
“Therefore, revitalizing and modernizing this sector cannot only bolster our food security, but also capitalize on the increasing global demand for quality agricultural products”.
By: Nkpemenyie Mcdominic, Lagos