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Food export will help Nigeria repay Chinese loan – VON DG, Okechukwu

A Chieftain of the All Progressives Congress, APC, Mr. Osita Okechukwu has declared that the Federal Authorities’s agricultural insurance policies had been able to offering a supply for reimbursement of the nation’s overseas debt.

Okechuwku, who’s the Director-Common of Voice of Nigeria, VON, made the remarks whereas talking to APC youths in Enugu throughout the weekend.

He urged the youths to hitch Buhari’s Agrarian Revolution for meals safety and meals exports to China, USA, Saudi Arabia, and so on.

“It’s excessive time our youths be part of the Buhari’s Agrarian Revolution (#BUGREV) for meals safety and meals exports. Methinks Nigeria can repay the Chinese language loans with meals exports. China imports meals in billions of {dollars} yearly.

“BUGREV is the risorgimento for meals safety and meals export to China, United States, Saudi Arabia and host of different nations. It’s painful that our youths aren’t participating sufficiently in agriculture, particularly the Anchor Debtors Programme (ABP), an arm of Buhari’s Agrarian Revolution dedicated to younger farmers, girls farmers and poor subsistence farmers,” he stated.

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On how it could be potential to pay big loans from China with meals exports, particularly when insecurity is affecting farming, Okechukwu emphatically stated “insecurity can not proceed indefinitely; extra so, when Mr President had emphatically ordered the arrest of these Herdsmen bearing arms with out Licence. And don’t overlook that many states are quietly curbing Farmers/Herdsmen clashes. In Enugu for example now we have Forest Guards and within the South West now we have Amotekun.”

Persevering with, Okechukwu arrated how improved agricultural manufacturing will enhance rail haulage on the home aspect, including that meals export to China will certainly steadiness the nation’s commerce deficit with China.

Requested how viable it could be to export meals to China, US and different nations, Okechukwu answered that “China’s whole meals imports amounted to 58.28 billion {dollars} final 12 months, up 25 p.c year-on-year, whereas the annual common progress price over the earlier 5 years was 5.7 p.c, information from the administration confirmed.

“The European Union remained China’s largest provider of meals, adopted by the US, New Zealand, Indonesia and Canada. Meat, oil, dairy, and seafood had been among the many hottest meals imports in China.”

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He added that research by Chen Weinian, buying director at Shanghai’s Metropolis Store, posited that overseas meals was consumed primarily by overseas expatriates and had been now being favored by much more Chinese language.

Okechukwu maintained that “with vigour and dedication we are able to have a giant lower from the over $50 billion {dollars} China makes use of for meals imports.

“Is it not embarrassing that superior nations like Europe and the US have extra meals to export than agrarian nations like Nigeria? But each crop and each livestock on earth is adaptable to at least one sq. meter or the opposite sq. meter in Nigeria.

“It’s the identical with the US which some years in the past enacted AGOA for nations like Nigeria. And now we have been unable to use it due to our over dependence on oil.”

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