Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Agriculture

Nigeria: Tomato imports cost 3,000 their jobs

Thursday, 07 April 2016 17:52

In Nigeria, the tomato-processing industry is currently facing a paradox, according to actors from the sector. Truly, while local production could satisfy market needs, the country still injects N12 billion per year in tomato imports.

These imports lead to the wasting of about 750,000 tons of the commodity, yearly, due to challenges in stocking, industries’ supply chain and unstable prices. This further resulted in close to 3,000 workers of this industry losing their jobs.

According to Nnamdi Nnodebe, Director General of Sonia Foods Industries Ltd (SFIL), government’s current strategy, which lists tomato paste as a product whose import would no more benefit from foreign currencies, is most welcomed. He added that Nigeria has the necessary means to become an exporter of tomato paste, if Heads of Northern States, where climate favors cultivation of tomato, partner with serious local firms.

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.