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Africa’s Food, Beverage Growth To Hit $1trn By 2030- World Bank Expert

Published

5 years ago

September 6, 2019

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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We Are Ready For NBBF/Zenith Bank Women’s Basketball League Final-Onikeku

Published

3 weeks ago

September 29, 2024

The Gleamer

Joel Ajayi

Sports Secretary of Nigeria Customs Service, Samuel Onikeku, has revealed that his team will be ready to compete when the final face of Zenith Basketball League Phase commences in Lagos.

Speaking on Saturday at the end of phase two for the Savannah conference in Abuja where the customs team only lost just one Game, Onikeku expressed that the customs team is ready to fight and win the trophy.

The top teams from each conference Atlantic and Savannah will converge in Lagos for the National finals.

The eight teams include, the Customs women’s basketball team Air Warriors, Titan Female team, and…. Will join MFM, First Bank Dolphins, and another team to compete.

Onikeku thumbs the Nigeria Customs Service Women’s Basketball Team for their resilience and outstanding performance at the just concluded Zenith Basketball League Phase 2 in Abuja.
According to him, the team has done well, in phases 1 and 2 we played 14 games and won 13 it’s a plus, and the team will be ready for Lagos.

”I just finished discussing with a coach, we are going to keep them in Camp because the time is very short so they will just take the weekend off and by Monday the team will continue the preparation.

”So, they will be in Camp until maybe four days before the championship and we will move them to Lagos for the competition proper and feel of Arena before the championship.

”We are going to Lagos prepared and we are going to leave no stone unturned we will go to Lagos and play equally with the same tempo with every other team not underrating any team.

”.Our main goal is to make sure we get to the final, then talk about winning the league and go to the zonal competition and try to secure qualification for Africa Championship”.

Onikeku, who also serves as the Technical Director of the Athletics Federation of Nigeria, AFN, acknowledged the immense support of the Comptroller-General, Adewale Adeniyi, for the development of sports within the Customs organization.

He said, “The CG’s support has been tremendous, not only for basketball but for all sports that the Customs participate in. Playing for Customs means you will always be highly motivated. The more the players compete, the better they become”.

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