Buhari estimates agriculture losses to be at $9 billion, blames lack of processing facilities

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President Muhammadu Buhari has blamed the huge post-harvest losses incurred by farmers across the country on lack of processing facilities, with losses estimated to be about $9bn annually.

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Buhari said this at the 20th anniversary of the Nigerian Agip Oil Company (NAOC) Joint Venture’s Farmers’ Day which held in Yenagoa over the weekend. He said the Federal Government was solving the processing problems through the Ministry of Agriculture.

He also urged the Niger Delta region to embrace peace and focus on agriculture for sustainable economic development and wealth creation.

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The President said: “I appeal to the people of the Niger Delta region to embrace peace and focus on agriculture for sustainable economic development and wealth creation.

 

“I urge you to take advantage of the huge potential in agriculture and stop the destruction of oil and gas pipelines which only serve to destroy our ecosystem and the economy.”

The President’s speech was read at this year’s NAOC’s Green River Project (GRP) with a theme: Sustainable Farming for Sustainability, by the Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri.

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The event attracted heads of oil companies, traditional rulers and farmers from different NAOC’s cooperative societies of Imo, Rivers, Delta and Bayelsa States, who showcased their farm products at their various stands.

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