By Juliana Agbo, Abuja
The Nigerian Export Promotion Council (NEPC) yesterday stated the worldwide natural product gross sales might leap from $100 billion to $150 billion throughout the subsequent 5 years.
Govt Director of NEPC, Olusegun Awolowo who spoke in Abuja on the inauguration of native organising committee for the 2021 Natural Agriculture Enterprise Summit, stated it is a chance to develop the nation’s natural meals sector with the excessive demand of natural product each regionally and internationally.
Represented by the Deputy Director, Product Growth Division at NEPC, Salami Akinshola, the manager Director stated many agro merchandise within the nation resembling ginger, hibiscus, moringa, tiger nut sesame seed, tumeric, soybeans, with correct certification are simply natural.
He defined that it took over 15 years for international natural product gross sales to succeed in $50 billion in 2008, including that in 2018, it surpassed the $100 billion mark.
He stated: “It took over 15 years for international natural product gross sales to succeed in $150 billion in 2008. 10 years later in 2018, they surpassed $100 billion mark.
“With COVID-19 altering the way in which we store and eat, the subsequent leap to $150 billion may very well be throughout the subsequent 5 years.
“Statiscally, the worldwide demand for natural meals rose from $15.2 billion in 1999 to $97 billion in 2017. Not too long ago, the motion plan beneath the world meals summit identifies the significance of natural enter applied sciences, farming strategies and different sustainable strategies as natural farming.”
He nevertheless famous that the worth of natural meals demand has risen considerably resulting from international consciousness on the essence of meals security concern and deal with organically produced crops.
The Natural Agriculture Enterprise Summit scheduled for September this 12 months would deal with enhancing high quality of natural produce and merchandise from Nigeria to handle rejection of produce from the nation.
The discussion board is predicted to attain elevated natural manufacturing and enterprise within the nation, improve availability of natural produce within the nation to contributed to meals security.
Additionally, the summit is predicted to attain mainstreaming of natural agriculture into common actions of related Ministries, Departments and Companies (MDAs).