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Monday, June 14, 2021

‘Ginger can boost Nigeria’s economy’

By Francis Akinnodi


Nigeria is among the World’s largest producers of ginger with the production of almost 523,000 metric tonnes annually.
The country has 14 per cent share in total global production and is projected to keep growing at six per cent per annum and around 90 per cent of our production is exported.
The Hope reports that ginger especially stands out because of its pungency and high level of oleoresin oil, the active ingredient most people look for in ginger.
Exports of Nigerian ginger have also grown from 5.6 per cent per year from 2014, reaching over $42.5 million in exported value.
Main export destinations are diverse and include African, Middle-Eastern and European market.
Meanwhile, a new engagement between Nigeria and the Italian Trade Agency, ITA, a governmental agency, is creating more export opportunities for Nigeria’s agriculture products to Europe, which supports business development, partnerships and collaborations between Italian companies and their local counterparts.
At the first launch of E-Lab Innova in Nigeria which also conduct training as part of its commitment to boost trade relationships with Nigeria.
“It is an educational training programme for the agro-food sector in Nigeria which is being implemented in collaboration with the Nigerian Export Promotion Council (NEPC) alongside other Italian partners, such as MACFRUT, a leading exhibition for the agribusiness industry.
According to Chairman, Ondo State Ginger and Tumeric Farmers Association, Mr. Bankole Ayodele said, “Nigeria is blessed with different raw materials. Ginger remains a better alternative to crude oil to boost the economy.
“Government should encourage other sectors to produce at maximum to enhanced export. It would provide job opportunities and reduce insecurity.
“The E-Lab Innova holds prospects for Nigerian companies to be imparted on the knowledge and technicalities of their counterparts abroad whilst also paving the way for collaborations between Italian and Nigerian agribusinesses.

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