Promasidor Nigeria Limited Chief Keith Richard has said the food industry is under pressure to develop clean products.
At the just-concluded CEO Roundtable in Lagos, Richard said stakeholders across the value chain, including producers, primary and value-added processors, retailers and distributors, needed an enabling environment to impact on the market through sale of good food products and farming practices.
According to him, the food industry’s productivity growth has declined relative to major competitors due to the regulatory regime and gaps that hinder operators from developing and using innovation and new technologies.
Urgent measures, he stressed, were needed to produce food not only for export, but also for domestic consumption.
Richard said the food industry was resource intensive, which puts local supply chains under greater pressure to create a sustainable food supply for Nigerians.
He explained that there was huge potential to attract more global investment and funding into the Nigeria markets but the government needs to build partnerships between industry to anticipate new challenges and model potential solutions.