Business
Nigeria Can Become Net Food Exporte – Bill Gates
The Bill & Melinda Gates Foundation (BMGF) has underscored Nigeria‘s remarkable potential to enhance its agricultural production, presenting this as a transformative opportunity for the nation.
During the 2024 NutriVision event in Abuja, a pan-African forum aimed at discussing innovative strategies to combat malnutrition in Africa, Bill Gates, philanthropist and co-chair of the Foundation, emphasised that with strategic investments in agricultural productivity and healthcare, Nigeria could achieve food security and emerge as a net food exporter, thereby contributing to economic growth and better public health.
Gates highlighted the vast opportunity for Nigeria to more than double its food production, which he described as a game-changer for the country.
He noted that such an increase would reduce the reliance on foreign currency reserves for food imports, especially in light of current exchange rate issues.
“Nigeria has significant potential to enhance its food output, transforming it into a net food exporter. This could generate revenue through food exports, boost the economy, and improve the livelihoods of people in rural and Northern regions”, he stated.
He stressed the need for Nigeria to adopt digital solutions and utilize improved seed varieties to create what he referred to as, “agricultural miracles”.
Gates explained that enhancing agricultural productivity is essential for promoting equity, empowering women, and addressing nutrition challenges in Nigeria.
He urged for a collective effort to implement these solutions, which would enhance food security and promote broader social and economic development.
In addition to agriculture, Gates discussed the vital role of healthcare in Nigeria’s progress, asserting that health should be a priority in the nation’s overall strategy.
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