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ECA calls for new approach to support agro-alliance

06 December 2016, 19:09

Abuja - Stakeholders have called for new policy approaches to incentivise agricultural production and enable Africa yield benefits from commodity-based industrialisation.

The remarks were made in Abuja at the opening of the African Economic Conference themed, “Feeding Africa: Towards Agro-Allied Industrialization for Inclusive Growth.”

United Nations Economic Commission for Africa (UNECA) Acting Executive Secretary, Abdalla Hamdok, said Africa’s desire for structural transformation would not be realised without strong and inclusive institutions.

These, he said, must be backed by well-coordinated development plans and supported by innovative and flexible industrial policy mechanisms.

Also read: WATCH: Mbaka blasts Buhari, says Nigerians will vote him out 

Hamdok outlined that agro-allied industries would require targeting local content measures with specific emphasis on skills development, technological capabilities and access to capital and markets.

Nigeria Vice-President Osinbajo, who spoke on behalf of President Muhammadu Buhari, disclosed numerous efforts were ongoing by the Government to support agriculture and its value chains to diversify and transform the economy.

This is in the absence of oil resources, which formed the backbone of the economy.

Over 300 researchers and representatives from international institutions are attending African Economic Conference, co-organised by the African Development Bank (AfDB), ECA and the UN Development Programme.

AfDB President, Akinwumi Adesina, said Nigeria was chosen to host the conference because of its enormous potential in agriculture.

“If well harnessed has the potential to become a global powerhouse through agro-industrialization,” said Adesina.-

 

- CAJ News

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