NIGERIA – The President, Major-General Muhammadu Buhari (retd) has directed the Ministry of Industry, Trade and Investment to establish agro-allied industry in each state of the federation.
Minister of State for Industry, Trade and Investment, Mariam Katagum, confirmed the development during a meeting with a delegation from the Amana Farmers and Grains Suppliers Association of Nigeria.
Katagum said the Federal Government was planning to establish agro-allied industry in each senatorial district in the country to enable the nation achieve food security and stimulate economic activities.
The minister also said the Federal Government was committed to giving the necessary support towards the development of the cotton, textile, and garment sectors of the economy.
The textile industries in the last few years have been facing various challenges which had resulted in the closure of over 150 textile firms in Nigeria with a loss of over two million jobs.
Farmers and processors in the sector have had to deal with low quality seeds, rising operating cost and weak sales due to high energy cost of running factories, smuggling of textile goods, and poor access to finance.
According to the Central Bank of Nigeria Governor, Mr Godwin Emefiele, smuggling of textile goods alone is estimated to have cost the nation an import bill of over $4bn.
The trade minister said, “Government is very much interested in growing the economy, looking at other areas like cotton, textile, garment, grains, tomatoes, we need to add value.
“Mr. President has directed that in every senatorial district, we should establish an Agro-allied industry and we know some industries exist but you can assist us in identifying the agro-allied industries that will be suited for you.”
On the border closure, she noted that the government has learnt a lot of lessons from the exercise one of which is that Nigeria can produce what it needs.
While describing the border closure as a blessing for the country, she said, “It shows that we can produce what we need to eat and even export.”