Nigeria Woos American agricultural investors

Nigeria Woos American agricultural investors
Hauwa Noroh Ali, Abuja

Nigeria’s Ministry of Commerce and Industry, has urged American investors to invest in the agriculture and agro-allied sector of Nigeria’s economy.

The Ministry’s Director of Trade, Mr. David Adejuwon made the call during a meeting between the Department of Trade and the officials of the United States of America Embassy led by the Regional Agricultural Counsellor, Mr. Russ Nicely in Abuja.

Comparative advantage

He noted that Nigeria had comparative advantage in the agricultural sector and reiterated the need for processing of the agricultural products to add value to both local consumption and export to the international market.

The Director said that the Ministry had been facilitating trade in all sectors of the economy between the United States of America as well as other countries.

“The Ministry is addressing the issues that are of great concern to Nigeria partners in order to ensure international standards in the trade and commerce sector,” he said.

Dr. Adejuwon recalled that the US still remained major trading partner of Nigeria and called for continued mutual and beneficial investment for both countries. He as well called for investment in cocoa and rubber plantation and workshop on production techniques to add value to the agricultural sector in order to meet world standards.

Investment opportunities

Earlier, the Regional Agricultural Counsellor, Mr. Russ Nicely had acknowledged tremendous opportunities in Nigeria’s agricultural sector especially in the area of processing of the products and urged the government to look into products packaging in order to meet international standards.

He urged the government to promote international standards to enhance export and import relationship, stressing that the US Embassy will continue to promote win-win situations in the investment relationship with Nigeria.

Williams