Africa’s food market could reach trillion dollars by 2030–World Bank

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The Butcher Shop by Fernand Leger, 1921 (via WikiPaintings).

The Butcher Shop by Ferdnand Leger, 1921 (via WikiPaintings).

‘A World Bank report launched last week has suggested that Africa’s farmers and agribusinesses could create a trillion-dollar food market by 2030.

‘However, the pre-condition for such a development would be for agri-business SMEs to expand their access to more capital, electricity, better technology and irrigated land to grow high-value nutritious foods as well if African governments can work more closely with agribusinesses to feed the region’s fast-growing urban population.

‘The Report titled as “Growing Africa: Unlocking the Potential of Agribusiness” argues that Africa’s food systems, currently valued at US$313 billion a year from agriculture, could triple if governments and business leaders radically rethought their policies and support to agriculture, farmers, and agribusinesses, which together account for nearly 50 percent of Africa’s economic activity.

‘Makhtar Diop, World Bank Vice President for Africa Region believes the time has come for making African…

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About Dr. Bukar USMAN, mni

I started as a field Veterinary officer with Borno State Ministry of Agriculture and later joined College of Agric, Maiduguri as a lecture & a Researcher in the Department of Animal Health & Production. I was appointed the Provost of the College In 2003. In 2007 I was appointed Hon. Commissioner & Member Borno State Executive Council and later appointed Permanent Secretary with the Borno State Civil Service in 2009. I was the National Facilitator Animal Health, National Programme For Food Security of the Federal Ministry of Agric & Rural Development, Abuja. I was Director, Veterinary Medicine & Allied Products (VMAP) and now Director North East Zone NAFDAC. I’m a member of the National Institute’ (mni), Kuru SEC 40, 2018. I engaged myself in various aspects of the veterinary profession. I founded Sril Group Ltd, Nigeria. I’m now the Director General of Borno State Livestock Management Agency (BOLMA)
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