Bray said this on Friday in Lagos during the African Food and Products Conference and Exhibition (AFPE) with the theme, “Sustainability and Innovation: Pathway to Business Success for SMEs’’.
“The task before Nigeria is to show the world its enormous potential in agriculture.
“Nigeria needs to use agriculture to create wealth, employment and grow its economy, U.S. is doing that and Nigeria can do that too.
“In the next 50 years, what produce will be known around the world as a signature product from Nigeria.
“Would it be shea butter, tiger nut, cashew or palm oil; Nigeria has the comparative advantage in these produce and more and should explore it the same way the U.S. explored cranberry potential to create wealth,” he said.
Also, Mr Abubakar Suleiman, Managing Director, Sterling Bank, said that achieving sustainable growth in the country was about the ability to reduce poverty, boost employment and improve citizen’s welfare.
Suleiman, represented by Mr Shina Atilola, Divisional Head, Retail and Consumer Banking, Sterling Bank, said that any initiative or policy that did not lead to employment creation would not catalyse development.
According to him, Sterling Bank is using innovation to facilitate seamless and quick access to finance for Small and Medium Enterprises toward aiding their sustainable business growth.
He said that many SMEs were using innovation to drive their businesses, expressing optimism that Nigerian businesses would in the nearest future proffer solutions to the world’s food challenge.
Earlier, Otunba Oluwatoyin Akomolafe, President, Nigerian-American Chamber of Commerce (NACC), said that the chamber sought to utilise AFPE to improve profitability and sustainable global competitiveness for Nigerian SMEs.
Akomolafe said that innovation was crucial to achieving a strong organisational structure and robust economic growth.
He said that Nigeria’s futuristic economic growth could not be sustained with oil revenue but continued investment and attractive policies to aid growth of SMEs.
The News Agency of Nigeria reports that the African Food and Products Conference and Exhibition (AFPE) was organised by the Nigerian-American Chamber of Commerce (NACC).
NAN also reports that AFPE has about 90 exhibitors at the event which closes on May 25, at Lagos Continental Hotel, Victoria Island.
- Police rescue another boy kidnapped in Kano, arrest 3 suspects
- Govt. officials conniving with pipeline vandals must be sanctioned,prosecuted-Lawan
- Obaseki confident of a second term, hinges faith on reforms, policies
- FG to go tough on miners engaging in sharp practices
- Bassa traditional rulers commend army over successes
- CAN President preaches tolerance, mutual respect for national cohesion
- Gov. Yahaya Bello’s re-election will change the fortunes of Kogi— FCT Minister
- Zimbabwe banks start dispensing new bank notes
- Ihedioha commiserates with Imo Muslims over Chief Imam’s death
- OAuGF begins training of staff to improve auditing service delivery in MDAs
- Kogi Election: I-G says Police will be professional
- Dana Air flew 2.7m passengers in 11 years – Official
- 33,686 traffic offenders penalised in Ogun this year — FRSC
- Anglican Primate urges Nigeria to remain hopeful
- Kyari tasks NNPC Retail Ltd on unadulterated products
- Oyo govt. to procure communication equipment worth N178.7m for security agencies
- Ministry pledges to partner with e-waste producers
- Akande, a man of principle, integrity – Lai Mohammed
- Insurgency: Nigerian Army seeks support from NEDC
- Lawmaker tasks information officers on efficiency, professionalism