Published 05 Oct,2021 via The Nation - German investors are mobilising resources to increase Nigeria’s food production figure put at 36.3 billion euro last year.
Nigeria’s food production has grown from 26billion euro in 2016. The figure is expected to rise by 48 percent between this year and 2024, from 42.3billion euro to 62.6 billion euro, according to Euromonitor International.
The Managing Director, Fair Trade, Paul Maerz, said his organisation is encouraging more investors to put in more cash in the food & beverage technology sector which Nigeria is the second largest investor worth 294 million euro in 2019.
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Daniel Essiet