|
Getting your Trinity Audio player ready...
|
Dr Doris Uzoka-Anite, Minister of Industry, Trade and Investment
By Ibraheem Hamza Muhammad, Abuja
Oil Seeds Processors Association of Nigeria (OSPAN) – an umbrella body of processors of oil seeds in Nigeria has request President Bola Tinubu to ban export of soya beans from Nigeria to protect local investment and prevent job losses.
This is contained in a press release by Sama’ila Barau Maigoro, President and Mr. Hule Idyerkas, Vice President of the association.
They say export of Soya beans should be banned and encourage value addition. If processed, the crude soya oil would be further processed for local consumption which will in turn stabilise the price of vegetable oil locally.
The statement said, “Our members are investors in large, medium and small-scale processing of Nigerian grown Arable Oil Seeds into high quality edible vegetable oil and high-quality oil extracts for industrial use. Presently our combined installed capacity per annum is well over three (3) million metric tons with a total investment portfolio of about USD 250 million.
“We are currently one of the leading employers of labour in the agricultural sector: providing over 200,000 direct jobs to both skilled and unskilled labour (mostly youths and women) and millions of indirect jobs to farmers and other actors in the value chain.
“We want the Tinubu administration and Dr. Doris Uzoka-Anite, Minister of Industry, Trade and Investment that most of our factories and processing facilities are closed down due unavailability of our raw materials especially Soya Beans,” the statement said.
According to the statement, in 2022, Nigeria farmers produced about 680,000 metric tonnes of Soya Beans, but instead of selling to Nigeria processors, they preferred the export window due to higher earnings made from foreign exchange, this situation is dire and poses a very significant threat to the Nigerian economy because it puts the effort of government to diversify the economy, the collective investments of patriotic Nigerians and the livelihoods of many Nigerians that are employed and engaged in the arable oil seed sector at risk.
Maigoro said that, Nigeria is not one of the net producers of Soya Beans in the world and this new trend of exporting the produce is presently causing a severe imbalance because it is hampering their processing capacity as well as subjecting domestic users of the oil and other extracts to the pains of procuring them at very high cost.
OPSAN pleads for a quick intervention and immediate action by the administration of President Bola Tinubu’s administration on the matter.
The association appeals for the administration to impose a temporary ban on the exportation of soya beans from Nigeria until primary production in ramped up to sufficiently meet our domestic requirements. This temporary ban if implemented, will allow us it to stabilize the supply-demand dynamics of soya beans, ensure its availability for local processors, and safeguard investments.
Additionally, it will support the growth and development of the oilseed processing industry in Nigeria, ultimately nurturing economic prosperity and employment generation.
Comments are closed, but trackbacks and pingbacks are open.