Post by Trade facilitator on Dec 14, 2021 11:53:07 GMT 1
The Federal Government Of Nigeria (FGN) Inaugurates Board For All Commodity Associations Under FACAN
The Federal Government of Nigeria (FGN) under the aegis of The Federation of Agricultural Commodity Associations of Nigeria (FACAN) inaugurated and had sworn in ten (10) new executives. The executives were sworn in by the Permanent Secretary, Federal Ministry of Industry, Trade and Investment; Dr. Evelyn Ngige.
The members of the executive had been given the responsibility to oversee all the activities of other affiliated commodity associations in the country, and also the export of agricultural commodities from Nigeria.
The permanent Secretary of the Ministry of Industry, Trade and Investment said that time has come more than ever before for the country to start looking into agricultural sector as a new source of income.
She said, “As we can see the global crude oil business is dwindling, and the global direction is moving away from fossil fuel in doing things.
“Crude oil is Nigeria’s main commodity in generating foreign exchange so we have to look for other means. It has been observed that agriculture is the only way to go if we want to make it in Nigeria.
“The African Continental Free Trade agreement is a huge opportunity for Nigeria to make it.
“We will go on a right path towards ensuring that the products will become sought for throughout Africa and there will be easy buying and selling all over Africa.”
The President of FACAN, Dr. Victor Iyama said that the inauguration was critical to the development of the Nigeria’s agricultural commodities sector.
He said “The significance of today’s event is to see how we can develop agricultural commodities associations in Nigeria, so that the country will be able to earn more foreign exchange.
“These commodities association executives put in place would be able to increase value addition for our commodities that are for export and local consumption.”
Also the President, National Association of Charcoal Producers, Dealers, Exporters appealed to the government to lift the ban that was placed on charcoal exportation in Nigeria; as it has affected their businesses.
He said “We have several investment losses and there are many international buyers that have given Nigerian exporters money for charcoal.
“But today all those investments are trapped in the country and this has sent a wrong signal to the international community about Nigeria.
Also the ban has affected the citizens because cost of a bag of charcoal before was N1, 600 but now it is about N4, 000 due to low production.”
Commodities in Nigeria play a very important role in the nation’s economy, in fact commodities account for about 90% of the nation’s export revenue.
According to the Central Bank of Nigeria, Nigeria’s economy is highly commodity-driven; we have a total land area of about 910,768 square kilometers with about 33% of it being arable and suitable for growing permanent crop.
In the same vein, the National President of the National Cashew Association of Nigeria (NACAN) disclosed in a workshop it organized in Edo State on and Apple processing by the Federal Ministry of Industry, Trade and Investment that Nigeria produces 120, 000 metric tonnes of cashew annually.
Also in a statement from the News agency of Nigeria (NAN), Mr. Ajanaku who is the National President of the National Cashew Association of Nigeria (NACAN) revealed that Nigeria is the 13th largest producer of cashew in the world.
Our company, one of the largest export companies in Nigeria has opportunity for cashew exporters and intending export individuals and companies to key into the cashew export season starting in January 2022.If you are interested, please get in touch with the admin of this forum immediately for further discussion and contract.
The Federal Government of Nigeria (FGN) under the aegis of The Federation of Agricultural Commodity Associations of Nigeria (FACAN) inaugurated and had sworn in ten (10) new executives. The executives were sworn in by the Permanent Secretary, Federal Ministry of Industry, Trade and Investment; Dr. Evelyn Ngige.
The members of the executive had been given the responsibility to oversee all the activities of other affiliated commodity associations in the country, and also the export of agricultural commodities from Nigeria.
The permanent Secretary of the Ministry of Industry, Trade and Investment said that time has come more than ever before for the country to start looking into agricultural sector as a new source of income.
She said, “As we can see the global crude oil business is dwindling, and the global direction is moving away from fossil fuel in doing things.
“Crude oil is Nigeria’s main commodity in generating foreign exchange so we have to look for other means. It has been observed that agriculture is the only way to go if we want to make it in Nigeria.
“The African Continental Free Trade agreement is a huge opportunity for Nigeria to make it.
“We will go on a right path towards ensuring that the products will become sought for throughout Africa and there will be easy buying and selling all over Africa.”
The President of FACAN, Dr. Victor Iyama said that the inauguration was critical to the development of the Nigeria’s agricultural commodities sector.
He said “The significance of today’s event is to see how we can develop agricultural commodities associations in Nigeria, so that the country will be able to earn more foreign exchange.
“These commodities association executives put in place would be able to increase value addition for our commodities that are for export and local consumption.”
Also the President, National Association of Charcoal Producers, Dealers, Exporters appealed to the government to lift the ban that was placed on charcoal exportation in Nigeria; as it has affected their businesses.
He said “We have several investment losses and there are many international buyers that have given Nigerian exporters money for charcoal.
“But today all those investments are trapped in the country and this has sent a wrong signal to the international community about Nigeria.
Also the ban has affected the citizens because cost of a bag of charcoal before was N1, 600 but now it is about N4, 000 due to low production.”
Commodities in Nigeria play a very important role in the nation’s economy, in fact commodities account for about 90% of the nation’s export revenue.
According to the Central Bank of Nigeria, Nigeria’s economy is highly commodity-driven; we have a total land area of about 910,768 square kilometers with about 33% of it being arable and suitable for growing permanent crop.
In the same vein, the National President of the National Cashew Association of Nigeria (NACAN) disclosed in a workshop it organized in Edo State on and Apple processing by the Federal Ministry of Industry, Trade and Investment that Nigeria produces 120, 000 metric tonnes of cashew annually.
Also in a statement from the News agency of Nigeria (NAN), Mr. Ajanaku who is the National President of the National Cashew Association of Nigeria (NACAN) revealed that Nigeria is the 13th largest producer of cashew in the world.
Our company, one of the largest export companies in Nigeria has opportunity for cashew exporters and intending export individuals and companies to key into the cashew export season starting in January 2022.If you are interested, please get in touch with the admin of this forum immediately for further discussion and contract.
