Lake, Confluence Rice, Prove Trade not Aid is Africa Recipe to Economic Development
Lake, Confluence Rice, Prove Trade not Aid is Africa Recipe to Economic Development
The UN's MDG and World Economic Forum clearly state that the eradication of poverty in the long term will be down to 'trade not aid'
Essentially, it means African producing what she consumes, being a loyal consumer of african products and exporting the excesses to international trade.
The advent of Lake rice last year into the Lagos market was not only embraced but far from meeting half of the demands for this stable food. This is indicative of the fact that Nigerians are ever ready and desirous of loyalty to country's brand once it meets or exceeds consumers' expectation.
The commencement of the milling and sales of "Lake, and Confluence rice" to meet the high demand during the yuletide season would definitely influence prices downward and favorably compete with imported and smuggled rice.
It is a known fact that many of the imported rice had been in silo for years laced with chemicals to prevent pest infestations during such prolong storage period. Beside, most lack the necessary requirements to accessing other countries markets, even in Africa. Hence it is a welcoming development by Nigerians to patronize affordable, accessible and nutritious "Made in Nigeria" rice
Lagos State, Commissioner for Agriculture, Mr. Oluwatoyin Suarau assured Lagosians that 'Lake' rice will be available at accredited centres during the festive period and beyond; residents can buy the product from the Lagos Television (LTV) Complex, Agidingbi, Ikeja; Farm Service Centre Odogunyan-Ikorodu; Farmers Mart Surulere; Agric Input Supply Authority (LAISA) Ojo; Agricultural Development Authority (ADA) Oko Oba, Agege; Farmers Mart, Ajah and Farm Service Centre, Temu-Epe. Noting that the price has not changed
While, the Assistant Managing Director of Kogi Agricultural Development Project, ADP, Mr Isaac Ejiga averred that the 'Confluence' rice will be made available to the masses at Kogi ADP head office, Felele, Lokoja and will be sold to residents during the festive period and beyond, with bag of 25kg for N7,000 while 10kg goes for N3,000.
Africa is richly endowed. We have the resources, market and human capital. Africa has received over US$500 billion in Aid over the last five decades, yet the continent still wallow in poverty, under development, civil unrest, diseases, and systemic corruption. The effect of this Aid is never felt by the populace. Though Tanzania has shown that the effect of Aid which as help in dragging her citizens out of penury in recent time has its own positive connotation if properly manage. This is just one country out of the rest nations on the continents juxtaposing it with the humongous corruption publicly display in the continent
It was Paul Collier in his award winning book 'The Bottom Billion' who aver that, Aid is to buy influence rather than have effect in the country. In the book "Dead Aid", Dambisa Moyo further ascertain that Western Aid keeps African countries in poverty, rather than ease it.
Economists argue that most Aid is constrained by conditionalities which undermines the independence of recipient countries and the management of their economic affairs.
Aid inherently make governments become more accountable to donors rather than to their citizens and campaign promises
Aid induces chronic dependency on donors. Thereby governments of the day fail to prioritize the maximum exploitation and utilization of domestic resources.
Historically, Trade as continually being tip as driver for economic growth. It is one of the most fundamental tenets of economic building blocks for prosperity. Trade does creates jobs, enhance velocity of money and triggers citizens participation in the economic activities.
For instance, the milling and sales of lake and confluence rice in a country that has 'ready made' market for the product, would help to trap all the monetary benefits ensue through economic activities of added value chain. Unlike only enjoying a part of the cycle.
Xraying one of the second most traded commodity after oil, coffee, would paint a classic picture. Out of the total global coffee business. Do you know that coffee growing countries which are mainly African farmers receive less than 0.15% of the monetary value of this unprocessed green beans, while the processors, which are developed continents smile home with over 85% of the entire billions of dollars. It means the continent makes US$1.5 for growing and buying their own product while processor, outsider makes US$8.5
Amazingly the major market (consumers) still revolve around the Africa continent
It is pertinent at this junction to suggest that policy makers must embraced Conduit of Excellence, CoE methodology and mandate, leading technological exchange provider as a matter of urgency to ensuring that food domestication and exportation must be thoroughly subjected to state of the art modality to further heighten loyalty to products within the continent and outside the shore of Africa
The UN's MDG and World Economic Forum clearly state that the eradication of poverty in the long term will be down to 'trade not aid'
Essentially, it means African producing what she consumes, being a loyal consumer of african products and exporting the excesses to international trade.
The advent of Lake rice last year into the Lagos market was not only embraced but far from meeting half of the demands for this stable food. This is indicative of the fact that Nigerians are ever ready and desirous of loyalty to country's brand once it meets or exceeds consumers' expectation.
The commencement of the milling and sales of "Lake, and Confluence rice" to meet the high demand during the yuletide season would definitely influence prices downward and favorably compete with imported and smuggled rice.
It is a known fact that many of the imported rice had been in silo for years laced with chemicals to prevent pest infestations during such prolong storage period. Beside, most lack the necessary requirements to accessing other countries markets, even in Africa. Hence it is a welcoming development by Nigerians to patronize affordable, accessible and nutritious "Made in Nigeria" rice
Lagos State, Commissioner for Agriculture, Mr. Oluwatoyin Suarau assured Lagosians that 'Lake' rice will be available at accredited centres during the festive period and beyond; residents can buy the product from the Lagos Television (LTV) Complex, Agidingbi, Ikeja; Farm Service Centre Odogunyan-Ikorodu; Farmers Mart Surulere; Agric Input Supply Authority (LAISA) Ojo; Agricultural Development Authority (ADA) Oko Oba, Agege; Farmers Mart, Ajah and Farm Service Centre, Temu-Epe. Noting that the price has not changed
While, the Assistant Managing Director of Kogi Agricultural Development Project, ADP, Mr Isaac Ejiga averred that the 'Confluence' rice will be made available to the masses at Kogi ADP head office, Felele, Lokoja and will be sold to residents during the festive period and beyond, with bag of 25kg for N7,000 while 10kg goes for N3,000.
Africa is richly endowed. We have the resources, market and human capital. Africa has received over US$500 billion in Aid over the last five decades, yet the continent still wallow in poverty, under development, civil unrest, diseases, and systemic corruption. The effect of this Aid is never felt by the populace. Though Tanzania has shown that the effect of Aid which as help in dragging her citizens out of penury in recent time has its own positive connotation if properly manage. This is just one country out of the rest nations on the continents juxtaposing it with the humongous corruption publicly display in the continent
It was Paul Collier in his award winning book 'The Bottom Billion' who aver that, Aid is to buy influence rather than have effect in the country. In the book "Dead Aid", Dambisa Moyo further ascertain that Western Aid keeps African countries in poverty, rather than ease it.
Economists argue that most Aid is constrained by conditionalities which undermines the independence of recipient countries and the management of their economic affairs.
Aid inherently make governments become more accountable to donors rather than to their citizens and campaign promises
Aid induces chronic dependency on donors. Thereby governments of the day fail to prioritize the maximum exploitation and utilization of domestic resources.
Historically, Trade as continually being tip as driver for economic growth. It is one of the most fundamental tenets of economic building blocks for prosperity. Trade does creates jobs, enhance velocity of money and triggers citizens participation in the economic activities.
For instance, the milling and sales of lake and confluence rice in a country that has 'ready made' market for the product, would help to trap all the monetary benefits ensue through economic activities of added value chain. Unlike only enjoying a part of the cycle.
Xraying one of the second most traded commodity after oil, coffee, would paint a classic picture. Out of the total global coffee business. Do you know that coffee growing countries which are mainly African farmers receive less than 0.15% of the monetary value of this unprocessed green beans, while the processors, which are developed continents smile home with over 85% of the entire billions of dollars. It means the continent makes US$1.5 for growing and buying their own product while processor, outsider makes US$8.5
Amazingly the major market (consumers) still revolve around the Africa continent
It is pertinent at this junction to suggest that policy makers must embraced Conduit of Excellence, CoE methodology and mandate, leading technological exchange provider as a matter of urgency to ensuring that food domestication and exportation must be thoroughly subjected to state of the art modality to further heighten loyalty to products within the continent and outside the shore of Africa
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