EU urges Nigeria to improve
agricultural export
– The EU has urged Nigeria to develop its
agricultural sector
– It says the agricultural sector must be
competitive in order to meet international
demand
– The fall of the price of oil has made
Nigeria begin to diversify the economy
Farmers may soon be some of the
wealthiest people in the country following a
call by the European Union (EU) urging
Nigeria to increase its agricultural export.
rubber plantation
The overreliance on oil over the past
decades has seen a steady decline in the
concentration and exportation of agricultural
produce and made it less practised.
With the fall in the price of oil, farmers seem
to be the new lifeline as the Nigeria
government has been asked by EU to
increase export of agricultural produces like
rubber, cocoa and palm oil to the EU
countries.
Vanguard reports that Mr Michel Arrion who
is the head of EU delegation to Nigeria and
ECOWAS this at a press conference on
commemorate the 40 years of EU-Nigeria
partnership on Wednesday, May 4 in Abuja.
He said there were export produce Nigeria
could develop in large quantities as those
things were in low supply in Europe.
He said: “There are potential exports like
rubber for instance for tiles that you could
certainly develop. We will be delighted to
import and to buy more rubber from Nigeria;
the problem is that the production is very
small. We will be delighted to buy more cocoa
from Nigeria. We are buying most of our
cocoa from Ivory Coast and Ghana, while not
from Nigeria.”
cocoa harvest
He challenged Nigeria to think of what it
could produce in addition to its own
consumption but emphasised that the
country must meet its local demands before
exporting.
He explained that Nigeria has a lot of
possibilities in agricultural products but that
it would take several years to really have an
export-oriented commercial farming policy.
He also said that there was the need for the
price of Nigerian products to be competitive.
“You have to be competitive, I mentioned palm
oil; I see a potential market for palm oil
exportation from Nigeria to EU if the prices are
competitive.
“Today, they are not. Malaysia for instance,
offers more competitive price, so Nigeria has
also to work on the competitiveness of the
country’s products.”
He explained that costs of production,
labour, land and energy were some of the
factors responsible for the competitiveness
in price.
He said: “When your refineries of palm oil
have to produce their own energy instead of
being connected to the grid, you are less
competitive than others.
agricultural export
– The EU has urged Nigeria to develop its
agricultural sector
– It says the agricultural sector must be
competitive in order to meet international
demand
– The fall of the price of oil has made
Nigeria begin to diversify the economy
Farmers may soon be some of the
wealthiest people in the country following a
call by the European Union (EU) urging
Nigeria to increase its agricultural export.
rubber plantation
The overreliance on oil over the past
decades has seen a steady decline in the
concentration and exportation of agricultural
produce and made it less practised.
With the fall in the price of oil, farmers seem
to be the new lifeline as the Nigeria
government has been asked by EU to
increase export of agricultural produces like
rubber, cocoa and palm oil to the EU
countries.
Vanguard reports that Mr Michel Arrion who
is the head of EU delegation to Nigeria and
ECOWAS this at a press conference on
commemorate the 40 years of EU-Nigeria
partnership on Wednesday, May 4 in Abuja.
He said there were export produce Nigeria
could develop in large quantities as those
things were in low supply in Europe.
He said: “There are potential exports like
rubber for instance for tiles that you could
certainly develop. We will be delighted to
import and to buy more rubber from Nigeria;
the problem is that the production is very
small. We will be delighted to buy more cocoa
from Nigeria. We are buying most of our
cocoa from Ivory Coast and Ghana, while not
from Nigeria.”
cocoa harvest
He challenged Nigeria to think of what it
could produce in addition to its own
consumption but emphasised that the
country must meet its local demands before
exporting.
He explained that Nigeria has a lot of
possibilities in agricultural products but that
it would take several years to really have an
export-oriented commercial farming policy.
He also said that there was the need for the
price of Nigerian products to be competitive.
“You have to be competitive, I mentioned palm
oil; I see a potential market for palm oil
exportation from Nigeria to EU if the prices are
competitive.
“Today, they are not. Malaysia for instance,
offers more competitive price, so Nigeria has
also to work on the competitiveness of the
country’s products.”
He explained that costs of production,
labour, land and energy were some of the
factors responsible for the competitiveness
in price.
He said: “When your refineries of palm oil
have to produce their own energy instead of
being connected to the grid, you are less
competitive than others.
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