Nigeria Aims To Double Foreign Exchange, Targets $50b From Agriculture Sector

Federation of Agricultural Commodity Associations of Nigeria (FACAN) has said agricultural sector can generate over $50 billion to Gross Domestic Product (GDP).

VerseNews reports that the Board of Trustee Chairman , Dr Victor Iyama, urged Nigerians to return to agriculture to create wealth, grow food production strategy to make the country self-sufficient.

He said agriculture, solid minerals, IT and entertainment industry, can make  the country double its foreign exchange to over $100 billion.

“If Nigeria decides to develop those sectors and forget about oil, the country will improve its foreign earnings.

“Agriculture can bring $50 billion. So, everyone should work towards that goal. “We should go back to agriculture,” Iyama said.

FACAN’s President, Sheriff Balogun, said with support of members and partners in the sector, a pathway would be forged to improve agriculture.