Growing Demand For Food To Create $1trn Market – Obasanjo | Independent Newspapers Limited
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Growing Demand For Food To Create $1trn Market – Obasanjo

Posted: May 25, 2016 at 5:12 am   /   by   /   comments (0)




The demand for food in Africa’s rapidly growing urban areas has been projected to create a continental regional market worth $1 trillion by 2030, according to Chief Olusegun Obasanjo, farmer and Nigeria’s former president.

In an opinion piece to African Food Prize (AFP) made available to Independent, Chief Obasanjo, quoting a World Bank estimate that puts Africa’s agriculture output at $1 trillion in the next 14 years, urged Africans to take advantage of the opportunity and own the market through infusion of fresh innovation and talent.

“Today, African farmers need several things that my father lacked but which farmers elsewhere in the world take for granted. We need improved crop varieties developed to resist disease and tolerate drought.

“We need access to modern inputs, like fertilisers. We need markets where farmers can profit from their labour and thus justify investments in improved production. “We need affordable credit that all small businesses require and extension services that help us keep abreast of sustainable farming practices,” he said.

Obasanjo specifically see agribusiness as Africa’s biggest opportunity to not only end hunger and malnutrition, but also as Africa’s best hope for generating income and employment, particularly in rural regions.

“But ultimately we need people. Specifically, we need Africa’s best and brightest to embrace agriculture as a calling and a career,” he noted.

See full text of his views on Africa’s agribusiness on Page 10.