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“We’ll be delighted to buy more Rubber, Cocoa and Palm Oil from Nigeria” – EU

NAN

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Michel Arrion

Michel Arrion

The European Union (EU), has urged Nigeria Government to increase export of agricultural produces like rubber, cocoa and palm oil to the EU countries

The Head of EU Delegation to Nigeria and the Economic Community of West African States, ECOWAS, Michel Arrion, stated this at a press conference on commemorate the 40 years of EU-Nigeria partnership on Wednesday in Abuja.

Arrion said there were potential exports, which Nigeria could develop in commercial quantities for export, lamenting that such exports to the EU were currently in low quantities.

“There are potential exports like rubber for instance for tiles that you could certainly develop. We will be delighted to import and to buy more rubber from Nigeria; the problem is that the production is very small. We will be delighted to buy more cocoa from Nigeria. We are buying most of our cocoa from Ivory Coast and Ghana, while not from Nigeria?” he said.

He challenged Nigeria to think of what it could produce that will meet its local demands before exporting.

He explained that Nigeria has a lot of possibilities in agricultural products but that it would take several years to really have an export-oriented commercial farming policy. He also said that there was the need for the price of Nigerian products to be competitive.

“You (Nigeria) have to be competitive, I mentioned palm oil; I see a potential market for palm oil exportation from Nigeria to EU if the prices are competitive. Today, they are not. Malaysia for instance, offers more competitive price, so Nigeria has also to work on the competitiveness of the country’s products.”

He said there were several factors that contributed to competitiveness which included the costs of production, labour, land, energy, among others.

“When your refineries of palm oil have to produce their own energy instead of being connected to the grid, you are less competitive than others,” he said.

Arrion added that the competitiveness of Nigeria products is also being affected because the rate of exchange of naira vis-a-vis the dollar or euro is not reflecting the reality of the situation.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

2 Comments

  1. Johnny a

    May 5, 2016 at 11:02 am

    How do you survive in the Nigerian business without creating your energy? Any business in Nigeria that depends on the national grid is similar to a bird that decides to wait for termites (which we know appears in season). He is right on the cost effectiveness. But we have to epp ourselves. Power still remains a huge challenge in Nigeria.

  2. nnenne

    May 5, 2016 at 10:45 pm

    South Eastern state government, please establish rubber and palm plantations instead of grazing lands.
    You all know you don’t have much land.

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