Showing posts with label foreign exchange earners. Show all posts
Showing posts with label foreign exchange earners. Show all posts

Monday, February 22, 2016

DOLLAR-NAIRA DILEMMA: AGRO EXPORT BUSINESS OPPORTUNITIES (PART 1)


Naira today is exchanging for between #400 to a US dollar a situation which is unprecedented in the economic history of Nigeria. Nigerians couldn’t have been bothered about the exchange rate if we had not put all our eggs in the OPEC basket for a very long time instead of diversifying the economy. Nigeria’s economy has been run purely on the proceeds of crude oil while sacrificing other natural resources that was once goldmines in the comity of nations.

Have you ever considered going into export business at all? The export business may sound wearisome and capital intensive, however, it is more lucrative and rewarding than many other small, medium or big businesses we are familiar with. Most of the developing economies of the world have continued to stay on the rung of the ladder due to the exponential incomes from exporting an array of products and services. Now is the right time to go into Agro export business because the government of the day has formulated policies that will encourage, boost and support the Agro allied sector of the economy. Prior to this CHANGE era, I had been conducting an extensive research on how to start an agro-export business while still doing my normal business, I carried out surveys, read enough articles and spoken to few exporters on the possibilities and prospects of starting a small agro export business, the response was very encouraging and I decided that whenever the opportunities presented itself again I will give it a try.


Do you know Agro export business is bigger than OIL business throughout the whole world?
Do you know you can start an Agro export business without quitting your day job?
Do you also know that Buhari’s government has earmarked huge budget for people who are interested in agro allied export business?
Do you equally know that the dollar to naira dilemma could turn you to overnight millionaire with agro export business?
Do you know with agro allied export business, you could be on your way to become
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Thursday, May 21, 2015

Nigeria sets target for 2017 cassava production


The agricultural ministry of Nigeria has announced its target to produce 51mn metric tonnes of cassava in 2017.

Cassava is the Third largest source of food carbohydrates in Africa,after rice and maize

Akinwunmi Adeshina, Nigeria’s minister of agriculture, said, “In 2014, 38mn metric tonnes of cassava was produced in Nigeria. Our target for 2017 is to reduce the cost of production and this varies with locations within Nigeria. 

We want to reduce cost by giving out improved varieties to farmers, which we have been doing in the last three years.”The federal government had a bulk sum of about US$22.3mn deposited with the Bank of Industry, which it is going to use to support and upgrade equipment for small and medium enterprises (SMEs) producing cassava flour, Adeshina added.

The Ministry stated that quality management training will be introduced in terms of skill development and business development to improve upon capacity of the existing SME.According to the minister, the

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