Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Agriculture

Tuta absoluta, curse to Nigeria and blessing for Cameroon and Benin ?

Wednesday, 06 July 2016 04:57

(Ecofin Agency) - The Tuta absoluta outbreak which is currently hitting Nigeria’s tomato sector seems to be profitable to Cameroon and Benin. Truly, Africa’s largest economy imports from its two neighbors to ease the shortage induced by the disease.

While Nigeria consumes about 2.3 million tons of tomatoes each year, it produces on a normal basis only 1.8 million tons. However, the outbreak which devastated cultures across the country and forced it to import around 70% of tomatoes present in the market. These imports did not impact prices of the commodity which range between N28,000 and N40,000 a basket, against N26,000 before the crisis. Retail price however surged by 400%.

Let’s recall that tomatoes represent 18% of the country’s vegetable production and that this crisis is a thorn in authorities’ foot.

Aaron Akinocho

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.