Nigeria Loses 40% Agric Produce To Inadequate Storage – Obasanjo

Former president, Olusegun Obasanjo has affirmed that for food security, affordability, and accessibility to be attained, Nigeria must resolve the wastage recorded by farmers which accounts for 40 percent due to lack of storage facilities among other challenges hampering food security in the nation.

The MD of Fair Trade Messe, Paul Maerz noted that Nigeria’s investments in food and packaging technology are soaring, positioning the nation as a key player in Africa, trailing only South Africa and leading before Egypt.

He quoted Euromonitor International, which states that Nigeria’s food production has witnessed a remarkable surge of 40 per cent in recent years, from $28.1 billion in 2016 to $38.9 billion in 2020, projected to rise by 48 per cent between 2021 and 2024, from $45.4 billion to €68.1 billion.

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