Stakeholders meet over Nigeria’s $3.5bn sunflower potential

Published 2023년 4월 23일

Tridge summary

A summit is being organized by sunflower industry stakeholders to boost domestic production and establish processing plants in Nigeria, the continent's potential leader in sunflower production. The country has the capability to earn $1.5 billion from seed exports and an additional $2 billion from other processed products. The industry has the potential to yield over 750,000 metric tonnes annually, with significant growth expected with the establishment of more processing plants. The Nigeria Export Promotion Council remains optimistic about the sector's growth, anticipating increased export volume and value.

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Original content

Stakeholders in the sunflower industry are meeting to look at ways of up-scaling domestic production and encourage the establishment of processing plants, with a view to increasing demand in the continent as created by the Russian-Ukraine war. The summit will take a critical look at the industry, with a view to up-scaling production and attracting private sector investments along the value chain. Experts have projected that since Nigeria has the highest potential of sunflower production in Africa, the country can earn about $1.5billion from the export of its seeds and another $2bn from export of other processed products, such as cosmetics, pharmaceuticals, oil and other food products. Speaking during a meeting with relevant stakeholders, chaired by the executive director/chief executive officer of the Nigeria Export Promotion Council (NEPC), the national president of the National Sunflower Growers, Processors and Marketers Association of Nigeria (NSUNGPMAN), Jibrin K. Bukar, said ...

Source: Daily Trust (ng)