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Thailand urged to exploit Nigeria investment opportunities

10 July 2015, 09:46Okoro Chinedu

Lagos - The Permanent Secretary in the Federal Ministry of Agriculture and Rural Development, Sonny Echono, has called on Thailand businesses to take advantage of agricultural opportunities presented by the various crop processing zones in Nigeria.

Echono urged them to invest in the value chains existing in the zones.

He invited Thailand to come to Nigeria and establish rice and other crops production and processing plants that would produce for export, disclosing that the Nigerian market is the hub of the West African sub region.

Echono, who made the call while receiving a delegation from the Board of Investment of Thailand in Abuja, told the team that Nigeria was willing to partner with Thailand to develop its agriculture in order to diversify exports, increase employment level and economic growth.

The Thai team was made up of representatives of the business community, the Thai Embassy in Nigeria and Thai Board of Investment.

Also Read: Akwa Ibom plans committee to boost food security

Echono welcomed the Rice Technology Plan of the Thai investors and canvassed for collaboration in the areas of cassava processing, agricultural machinery and infrastructure.

Earlier, the head of the Thai delegation to Nigeria, Werapang Sirimon stated that the team was in Nigeria to see areas of possible investment in the country because Thailand wants to expand her market in food processing.

He explained that the Thai government will be willing to develop Nigeria’s agriculture business sector, adding that she has been able to build her agricultural production from small to medium scale.

Werapong further disclosed that the Thai government was currently partnering with farmers in Niger State and are working to take the farmers to Thailand for capacity building.

Apart from rice, Thailand is involved in production of palm oil for export.

The Asian country is second in the world for sugar cane export and number one in cowpea export.

- CAJ News


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