Processing, packaging key to closing Nigeria’s N9trn food import gap
•As country spends N16trn on food imports in three years By Providence Ayanfeoluwa Nigeria’s huge food import gap presents a major opportunity for the domestic food processing and packaging industry to deepen local production, create jobs and retain more value within the economy, the Chief Executive Officer of Beta Glass Plc, Alex Gendis, has said.
He said West Africa’s food import bill was expected to exceed $65 billion this year, describing the figure as both a challenge and a major industrial opportunity.
The N9 trillion cumulative gap represents the opportunity that a stronger domestic food processing and packaging industry can help close.
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