Processing, packaging key to closing Nigeria’s N9trn food import gap

The Chief Executive Officer of Beta Glass Plc, Alex Gendis, has stated that Nigeria's large food import gap presents an opportunity for the domestic food processing and packaging industry to deepen local production and create jobs. Citing USDA data, he noted that Nigeria imported approximately $6.6 billion worth of agricultural and food-related products between 2023 and 2024, against exports of about $2.3 billion. From 2021 to 2024, Nigeria spent about N16 trillion on food imports and earned N7 trillion from food exports, leaving a cumulative gap of about N9 trillion. Gendis made these remarks in a keynote titled 'Why Food Processing and Packaging is West Africa's Next Industrial Revolution'.

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