ACCI boss wants private sector to drive agro-processing zones

Date:

The President, Abuja Chamber of Commerce and Industry (ACCI),  Dr. Al-Mujtaba Abubakar has commended the initiative of the Federal Government to set up agro-processing zones across the country with seven billed to take off very soon.

Dr. Al-Mujtaba Abubakar in a statement said, the policy action was a timely response to the push for the diversification of the economy to bridge dwindling fortune of the oil sector and to meet the challenges of African continental free trade zone.

He said, “we are also excited by the coverage of the planned agro-proceesing zones. The nationwide reach of the projects confirms the seriousness of the Federal and state governments to address the urgency of agricultural value addition to increase export earnings and compete favourably locally and internationally. The expected massive output will make up for the late action to upgrade the national agricultural exporting capacity.

READ MORE  CBN continues intervention in Forex market

“We are however urging the Federal Government to ensure that the programme is driven by the private sector. Agro-processing zones should be the turf of the organised private sector while the government provides the enabling framework, support and the environments to make the project thrive. The OPS has the skills and the experience to transform the dream of the government into reality in term of a diversified economy with maximum efficiency”, he said.

The ACCI President noted that the private sector has the qualities of less waste, transparent business model and value for money, adding that the programme would also gain from the time tested Industry experience in the processing sub-sector while also leveraging on the extensive capacity of the private sector to drive such business model.

READ MORE  Senate laments cyber threats to Digital Economy with $500m annual loss

“We particularly commend the Ministers of Agriculture as well as that of Trade and Investment for their collaboration and foresight. We however submit that fully integrating the private sector into the design and implementation process will make a huge difference in the attainment of the project goals and agenda”, he added.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Flamingos beat Puerto Rico, face DPR Korea test

Nigeria’s Flamingos revived their hopes of reaching the knockout...

PSG fight back to beat Barcelona 4-2 in champions league

Paris Saint-Germain came from behind twice to beat Barcelona...

Customs, Afreximbank deepen talk on regional border modernization

By Mariam Abeeb The Nigeria Customs Service (NCS) and the...

Baze Varsity VC to chair FUL colloquium in honour of Olu Obafemi

By Mariam Abeeb The Vice-Chancellor of Baze University, Abuja, Professor...