ECOWAS sanctions against Niger: Nigeria is losing a lot – Onion merchant

Published 2024년 1월 14일

Tridge summary

The national president of the Onion Producers, Processors and Marketers Association of Nigeria revealed that Nigerian onion business is being affected by economic sanctions from ECOWAS, resulting in a loss of money for the country. The rise in onion prices in the local market is attributed to factors such as difficulty accessing farming inputs and a shortage in production. The closure of borders with Niger Republic has significantly impacted the onion business in the region, leading to a loss of export opportunities and substantial forex revenue for Nigeria.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Abubakar Auwal Malam Aliyu Isa is the national president of the Onion Producers, Processors and Marketers Association of Nigeria. In this interview he reveals how sanctions by the Economic Community of West African States (ECOWAS) are affecting onion business in the sub-region and Nigeria is losing a lot of money. He also speaks on the factors responsible for the rise in onion price in the country and what should be done to address it. We are witnessing a rise in the price of onions in our local markets, particularly in the northwestern region, which is the main producer of the commodity, what do you think is responsible for this? This is as a result of several factors. If you recall, our planting season used to start around October/November, then we harvest in the first quarter of the following year. So, during the time we started our planting, I think in 2022 to 2023, there was this issue of naira redesign, which did not afford our farmers the opportunity to even access cash ...

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