The Minister of Agriculture and
Rural Development, Chief Audu Ogbeh, on Wednesday in Abuja said Nigerian
businessmen demanded 2.5 billion dollars (about N492 billion) a week for
importation of goods and services into the country.
Ogbeh made this known in a meeting
with officials of VICAMPRO, an indigenous Agro Company investing in production
of Irish Potato on Wednesday in Abuja.
He said that the ministry was
willing to support local investors with capacity to produce goods and save the
country’s foreign exchange.
He said that the consumption of rice
in the country was rising and that a lot of people were not aware that the rice
had some degree of arsenic.
The minister said that consuming
rice in large quantity on a regular basis was a bit of health risk, adding that
substituting it with potato would be welcomed development.
“The volume of importation of
virtually everything into this country is too much.
“The demand for dollars in this
country as at today is 2.5 billion a week; this is the quantum of dollars
Nigerians are asking for to import things.
“Since 1986, we began this habit of
importing everything and doing virtually nothing at home to sustain ourselves;
now, we do not have the dollars and people are very hungry.
“This day was coming anyway, no
matter who was in power; we have the most ridiculous method of devaluing our
currency; every week, we auction the dollar and naira goes up.
“We sat and were hoping that by
devaluation, we are going to arrive at Eldorado; if we continue like this, it
will be a thousand naira to a dollar,’’ he said.
While commending the investor, Ogbeh
said that any private sector effort that would develop local production of
goods would be fully supported by the ministry.
“We should aggressively take the
West African market; there is no reason why we should allow Irish potato from
Ireland and France and Belgium into West Africa; it is the same story with
onions.
Earlier, the Chief Executive Officer
of VICAMPRO, Mr Michael Agbogo, said that potato could bring value worth over
one trillion naira annually if properly harnessed.
He said that potato was the fourth
most important crop in the world and that a barrel of oil was an equivalent of
14 kilogrammes of potatoes.
According to Agbogo, while current
price of crude oil will fetch the country about N16,000 per barrel, the
equivalent in potato will fetch the country N39,000.
He said that in terms of value,
potato had three times the value of crude oil, adding that it was a huge
industry the country could get into.
Agbogo said that Egypt and Algeria
were the leading potato producing countries in Africa, with Egypt producing
four million tonnes annually from about 100,000 hectares of land.
He said that Nigeria, which had
close to 500,000 hectares, was struggling to produce one million tonnes of
potato per annum.
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