Niger Delta
‘Agro-Processing, Key To Non-Oil Exports, Industrial Growth’
The Minister of State for Industry, Senator John Enoh, has described agro-processing as a critical enabler of Nigeria’s non-oil export drive and industrial transformation.
Enoh said this recently during the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Calabar, Cross River State.
According to him, the initiative, driven by the African Development Bank (AfDB) in partnership with the Federal Government and other stakeholders, will it enhance food security and accelerate Nigeria’s journey toward industrial prosperity.
“I am glad to report that today the Ministry of Industry and that of Agriculture and Food Security are working together to secure the food prosperity of our countrymen and women.
“The collaboration is also to see the extent to which this can crystallise into industrial growth and development of our country.
“If you look at examples of all countries around the world that have achieved industrialisation, you will notice that they have had to move from agricultural growth, progress and development to attainment of industrial growth and prosperity.
“It is important that everybody understands and appreciates the fact that this event is actually going to crystalise into food security and industrial growth”, he said.
He further said SAPZs were instrumental in converting raw agricultural produce into finished goods for export, thus boosting Nigeria’s GDP and reducing dependence on oil revenue.
“We must move beyond celebrating the export of cocoa beans and start exporting finished cocoa products. That is how to unlock real economic growth”, he stated.
The minister challenged stakeholders to move the country from exporting primary products to processed goods.
“The SAPZ is the game-changer that will help us industrialise, create jobs, and increase exports of made-in-Nigeria goods”, he said.
Also speaking, Mr Abdul Kamara, AfDB’s Country Director for Nigeria, said that the SAPZ programme was one of the bank’s top priorities, with over five billion dollars in operations tied to its success.
“When I was deployed to Nigeria six months ago, the AfDB President, Akinwunmi Adesina, gave me a clear mandate, to untangle every impediment delaying the SAPZ.
“Today’s event is evidence of progress”, Kamara said.
He praised the collaboration between the federal and state governments, and development partners including the Islamic Development Bank and the International Fund for Agricultural Development (IFAD).
“We are building a full end-to-end value chain that will transform Nigeria’s rural landscape into zones of economic prosperity,” he said.
The National Coordinator for the SAPZ project, Dr. Yusuf Kabir, said that the programme had now reached implementation stage with all transaction advisors onboarded in the eight participating states.
“A zone without investment is a stranded asset. The role of transaction advisors is to ensure these zones attract investors and deliver results,” he said.
Kabir commended the Cross River State government for its swift commitment to the project, noting that Gov. Bassey Otu showed leadership by taking ownership of a project he did not initiate.
“I have met all the governors involved, and he was the only one I did not need to meet twice. He took the project personally and gave it priority,” he said.
The SAPZ in Cross River is part of a broader nationwide initiative aimed at creating agricultural transformation centres that will stimulate private investment, reduce rural poverty, and improve food systems.
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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