How kenaf value chain development can save billions of naira
Maximizing import substitution strategy using local contents, jute bags, which cost the country about N2.75 billion yearly to import, and other environment-friendly products such as vehicle parts can be developed from kenaf and save the country from economic crises.
Kenaf as Nigeria’s untapped foreign exchange earner
The production of jute bags is one of the many untapped prospects of Nigeria to earn foreign exchange yearly, as it is capable of contributing to the country’s Gross Domestic Product (GDP). On the average, the current jute sacks requirement in the country is estimated at 28 million, as the country relies solely on importation…