Agric Value Chain: Mrs. Chinwe Maduike, an International Consultant/Special Adviser on Investment, Diaspora and Development Partners to the African Union Economic, Social and Cultural Council (AU ECOSOCC) Nigeria, has stated that Nigeria’s agricultural value chain has remained highly under-developed, a situation that negatively impacted on the agricultural sector, and resulted in huge revenue loss to Nigeria.
Addressing newsmen in Abuja, Maduike lamented that raw materials from agricultural sector are often exported without any value addition.
According to her, “AU ECOSOCC recognises the fact that most raw materials from the sector are exported without any value addition, resulting in loss of huge revenues and jobs.
“Agricultural value chains hold considerable promise in reducing poverty and promoting inclusive growth when the poor and other marginal groups participate in them.
“Under the right conditions, value chains can move small-holder farmers from subsistence into commercial agriculture.
“Our projects aim to achieve self-sufficiency and deepen diversification, increasing private sector participation, the quality and safety standards of agricultural products, improving institutional and financial frameworks, promoting national policies that support the agricultural sector.