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

Published

7 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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NEDC Disowns Circulating MSc Education Support Fund Application

Published

4 weeks ago

September 4, 2026

The Gleamer

Joel Ajayi

The North East Development Commission (NEDC) has warned the public against a fake and unauthorised message circulating on social media about an alleged Education Support Fund for Master’s degree (MSc) students.

The Commission, in a disclaimer signed by its management on Friday, described the purported programme, including its stated requirements and the alleged submission point at the NEDC office in Polo, Maiduguri, as false and unauthorised.

According to the Commission, it is not currently receiving applications for any MSc Education Support Fund as contained in the circulating message.

NEDC therefore urged prospective applicants and other members of the public to disregard the information and avoid submitting personal documents to individuals or locations claiming to be acting on behalf of the Commission.

It specifically cautioned the public against releasing sensitive documents such as National Identification Number (NIN) slips, admission letters, identity cards and indigene certificates in connection with the purported programme.

The Commission further warned the public to remain vigilant against fraudulent schemes and the unauthorised use of NEDC’s name and identity to deceive unsuspecting applicants.

It advised members of the public seeking information on its programmes, interventions and opportunities to rely only on official NEDC communication channels and verified announcements issued by the Commission

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