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Africa’s Food, Beverage Growth To Hit $1trn By 2030- World Bank Expert
Africa’s Food, Beverage Growth To Hit $1trn By 2030- World Bank Expert
Joel Ajayi
A Senior Agriculture Economist with the World Bank, Dr Adetunji Oredipe, has revealed that the food and beverage sub-sector in Africa has the potential to grow to about one trillion dollars by 2030.
Oredipe made this known at the 2019 Agriculture Summit Africa, a two-day event organized by Sterling Bank in collaboration with the World Bank and other stakeholders.
The economist, who presented a paper on the theme of the summit: “Agriculture: Your Piece of the Trillion-Dollar Economy” said the projection was based on the huge potential in the continent.
According to him, it is on record that Africa’s value system is currently about 313 billion dollars a year, and could triple if government and business leader’s radically rejigged policies and support farmers in the field and agribusinesses.
“The trio of agriculture, farmers and the agribusinesses constitute 50 per cent of Africa’s economic activity.
“If well harnessed, we will be able to increase job opportunities, greater prosperity, less hunger and progress for African farmers to compete globally.
“This will however be achieved if the farmers and agribusinesses undoubtedly receive expanded access to more capital, uninterrupted electricity, modernised technology and good land use policy. These are things that are available in other climes.
“To maintain the shares of the continent’s agriculture GDP in 2030, Nigeria will need to grow its agriculture revenue by compounded annual growth rate of 4.7 per cent.
“To ensure this is achieved, the agriculture budget to the GDP would have to be sustained at a minimum of seven per cent annually,” he said.
He decried that the 2030 growth projection might not be achieved if concerted effort was not made by African countries to reposition the agricultural sector.
He expressed concern that the gap between developed and developing nations was continually widening.
Oredipe recalled that agriculture, which was Nigeria’s mainstay in the 60s, had taken a nose dive, making the country to lose its place to other countries.
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CLTC DG Reaffirms FG’s Dedication to Nurturing Innovative, Productive Nigerian Youth
By Joel Ajayi
The Director-General of the Citizenship and Leadership Training Centre (CLTC), Ms. Rinsola Abiola, has reaffirmed the Centre’s commitment to raising young Nigerians who are productive, innovative, and imbued with patriotism, service, and integrity.
She gave the assurance on Monday in Abuja in her goodwill message at the ongoing two-day Retreat on Presidential Priorities and Deliverables — 2025 Mid-Term Review, where she also commended the Ministry of Youth Development, led by Hon. Ayodele Olawande, for championing youth-focused initiatives under the Renewed Hope Agenda of President Bola Ahmed Tinubu.
According to Abiola, the retreat provides a unique opportunity to review and realign efforts to ensure that government policies and programmes translate into measurable impact in the lives of Nigerian youths.
“This retreat is both timely and strategic. It provides a platform to collectively review, align, and sharpen our focus on the priorities of Mr. President. More importantly, it allows us to deepen collaboration within the youth development sector to ensure that government policies deliver real change to our young people,” she said.
Highlighting the Centre’s achievements, Abiola disclosed that over 6,000 youths have been trained in value orientation and re-orientation in the just-concluded half-year period. She emphasized that the CLTC, with its long history of building citizenship values, leadership capacity, discipline, and volunteerism, remains steadfast in supporting the Ministry’s mandate and national priorities.
“We see ourselves as partners in this great task of nation-building. Our goal is to raise young Nigerians who are not only productive and innovative but also committed to the spirit of service, patriotism, and integrity,” she added.
Abiola urged stakeholders and participants at the retreat to bring forward actionable strategies that would strengthen coordination, eliminate bottlenecks, and accelerate delivery on presidential mandates.
She concluded by reaffirming CLTC’s readiness to collaborate with the Ministry and other agencies to advance youth development across Nigeria.
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