Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,707 members, 7,820,487 topics. Date: Tuesday, 07 May 2024 at 03:41 PM

You Won’t Believe The Amount Nigeria Spends To Import Beans Every Year - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / You Won’t Believe The Amount Nigeria Spends To Import Beans Every Year (390 Views)

Tony Elumelu Spends Sallah Holidays With Brother Ndudi In Delta (Video) / GTBank’s Segun Agbaje Spends $200,000 On New Mercedes Maybach / Nigeria Spends $1.2 Billion To Import Fish Annually - Emefiele (2) (3) (4)

(1) (Reply)

You Won’t Believe The Amount Nigeria Spends To Import Beans Every Year by BrandSpurNG: 6:41am On Apr 20, 2019
According to Punch Metro, the Federal Government has revealed that despite being the number one producer of beans in the world, Nigeria spends N16 billion yearly to import the produce from neighbouring countries.

Speaking at a training for journalists organised by the Open Forum for Agricultural Biotechnology in Africa in Abuja on Thursday, Permanent Secretary in the Ministry of Science and Technology, Mr Bitrus Bako, said that the recent certification of environmental safety of genetically modified beans would help to bridge the gap in production.

Bako, who was represented by Director, Special Duties, Mr James Sule, gave the assurance that the quality of genetically modified beans expected to be released in 2020 would be safe, nutritious, harmless and insect free.

The National Biosafety Management Agency had recently approved the environmental release of pod bearer resistant beans in the country. This is expected to be followed with a commercial release which would mark the release of the crop for sale and consumption.

Bako said:

“Prior to the release, cowpea (beans) production has been achieved only through extensive applications of pesticides aimed, in part, at battling the devastating bean pod borer. Farmers were forced to spend money on eight or more pesticide applications at each planting cycle. Yet, they still lose 80 per cent of their yields to the voracious insects.

“It may interest you to note that Nigeria is the number one producer of cowpea globally yet there is consumption deficit of half a million tonnes, prompting imports from neighbouring countries like Cameroon and Burkina Faso which is estimated to cost N16 billion annually.

“With BT cowpea, the gap in production will be bridged and Nigeria will save N16bn on its import.”

The permanent secretary also expressed confidence that the recent approval of genetically modified cotton would revolutionize the industrial and agricultural sector.

He said that the decline in cotton production in the country impacted negatively on the textile industries leading to the comatose state of Nigeria’s cotton mills and other supporting businesses.

In his presentation, Director General of the National Biotechnology Development Agency, Prof Alex Akpa, listed the steps the country had taken to realize the potential of biotechnology in the country and expressed confidence that Nigeria would soon begin to reap the benefits of its investment in the sector.

SOURCE: https://brandspurng.com/2019/04/19/you-wont-believe-the-amount-nigeria-spends-to-import-beans-every-year-read-details/

Re: You Won’t Believe The Amount Nigeria Spends To Import Beans Every Year by MJBOLT: 7:32am On Apr 20, 2019
nigeria is the only country that specialises in importing what they produce and exporting what they dont
Re: You Won’t Believe The Amount Nigeria Spends To Import Beans Every Year by Nobody: 9:59am On Apr 20, 2019
But do you expect we have 200 million mouths to feed daily.

Please when can we import common sense we are lacking it.

Meanwhile

Do you need an android app for your business or website, then contact me I will build one for you at an afford price.

(1) (Reply)

Where Is Cooking Gas Equipment Market In Lagos / . / MSB Consult- Real Estate: Becoming The Market Leader

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.