Why Oyo withdrew from Botswana maize export deal — Govt
Oyo State Government has clarified its position on the botched maize export arrangement with the Government of Botswana. The government stated that the decision to pull back was driven by data analysis and the need to protect Oyo State farmers. The News Agency of Nigeria reports that the clarification is contained in a statement issued Read More:…
The Oyo State Government has clarified its decision to withdraw from a maize export deal with Botswana, stating that the move was driven by data analysis and the need to protect local farmers. The administration, led by Governor Seyi Makinde, had previously explored a bilateral arrangement to secure off-take and foreign exchange earnings for farmers.
However, comprehensive studies conducted by the Oyo State Agribusiness Development Agency (OYSADA) revealed that the economics of large-scale maize export were not viable. Consequently, the government has shifted its focus to more profitable value chains, such as cassava. The statement also highlighted Oyo State's various agribusiness achievements under Makinde's leadership, including the Ijaye Agribusiness Industrial Hub, the establishment of OYSADA, and the Fasola Agribusiness Industrial Park, which is recognized by the African Development Bank as Nigeria's first Agricultural Transformation Centre.
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