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
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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