Nigeria partners Malaysia on agric value chain development
Poised to rebuild the nation’s economy and create job opportunities for her teeming population, Nigeria has entered a strategic partnership with Malaysia in Agribusiness value chain development.
President of Nigeria-Malaysia Business Council, Dr. Michael Aderohunmu, who led a delegation of Nigeria open for business to Malaysia, said the country must articulate new growth story around mining, agriculture/agribusiness value chain development.
The meeting convened with support of the Malaysia External Trade & Development Corporation (MATRADE) focused on flow of trade and investment between Nigeria and Malaysia.
According to him, articulating new growth story will create jobs, reduce costs of living and take the economy to the future through planning, partnership, technical cooperation for a changing agro-allied industry and profitability.
To move forward and remain relevant, Nigeria, he said, must be cognisant of the world key trade and investment trends, trade war between the US and China, Brexit and the European economy , and build strategy around it.
He stressed that the new agribusiness value chain development with Malaysia is a mutually beneficial strategy that offers tremendous opportunity for growth.
Aderohunmu emphasised on why Nigeria must articulate the priority area as formulated in Government Economic Recovery and Growth Plan (ERGP).
“As one of the world top trading nations, there is need to seek collaboration with the Minister of Primary Industry, some industry leaders and directors of MDAs in Malaysia about their thoughts on trade and investment as a game changer in agricultural and mining sector.
“With emphasis on the Nigeria-Malaysia Trade Corridor, and taken into consideration that the world economy is market driven, we need to find how Nigeria can ride the tide, by adding value through processing of our primary products, creating jobs and reduce costs of living of Nigerians”, he added.