Expert Decries Africa’s Low Investment In Livestock Sector | Independent Newspapers Limited
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Expert Decries Africa’s Low Investment In Livestock Sector

Posted: Jun 18, 2015 at 12:20 am   /   by   /   comments (0)

By Idongesit Ashameri,  Uyo


Executive Director of Forum for Agricultural Research in Africa, Dr. Yemi Akinbamijo, has described as pathetic, Africa’s investment in livestock sector.

Since livestock, according to him does not get the attention it deserves, its potential to contribute to economic well-being of the continent is under-exploited.

Speaking at a lecture organised in his honour by the University of Uyo, Akwa Ibom State, on Wednesday, Akinbamijo said the major challenges livestock investors face in Africa relate to low capacity for innovation.

He outlined limited investment, inadequate attention paid to the sector; climate change, lack of information for policy analysis and formulation, under developed value chains, among others, as some of the issues plaguing livestock growth in Africa.

Akinbamijo, who spoke on the topic, “Biotechnology in livestock in developing countries,” noted that African countries are not awake to evolving requirements of livestock services and changing roles of actors involved.

Besides, he listed other challenges as “prevailing funding models provide short term support which does not allow businesses to grow and reach a stage where they sustain themselves.

“Limited capacity and expertise in agribusiness incubation in Africa; limited funding and support for scaling up proven models, and uncoordinated efforts towards agribusiness value chain development in Africa.”

According to him, three quarters of Africa’s rural households, who possess livestock, employ about 50 per cent of agricultural labour force. He added that the trend accounts for about one third of agricultural Gross Domestic Product GDP (contributes about 10 per cent of GDP).