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Monday, 07 October 2013

Nigerian Minister of Agriculture appeals to EU to open up its market

The Nigerian Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, appealed to the European Union (EU) to open up its market to encourage export of value added products from Nigeria, during the second EU-Nigerian Business Forum on “Forging Partnerships in Africa's Economic Powerhouse” in Lagos, on Friday 4th October 2013.
Adesina reported that Nigerian companies were paying high duties and taxes to export finished products to the EU and called for more relaxed tax policies. According to him, Nigerians export more primary products to Europe than finished products because of these duties.
Adesina also said that the Federal Government's consistent transformation of the agriculture sector had enhanced investment opportunities in the sector. "Private sector investors are increasingly expanding integrated production of rice, oil palm, sorghum and some viable perishable fruits and vegetables," he said.
Adesina assured  that challenges of power supply, lack of good roads and poor accessibility to capital were being addressed to boost investors' confidence in the agriculture sector. He noted that Nigeria would benefit more from investments from Europeans than from economic aids.
The EU Trade Counsellor, Massimo De-Luca, said that experts from Europe had been developing strategies to train Nigerian entrepreneurs on ways to make their products to meet international standard of exports.

Source: DailyTimes Nigeria

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