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 explained why it pulled out of a maize export deal with the Government of Botswana. According to the government, data analysis showed that large-scale maize export was not economically viable, prompting the decision to protect Oyo State farmers.
The government, under Governor Seyi Makinde, had initially explored a bilateral deal with Botswana to guarantee off-take and foreign exchange earnings for local farmers. However, studies by the Oyo State Agribusiness Development Agency (OYSADA) found that the economics of the deal were not favourable.
The state is instead focusing on more profitable value chains, such as cassava. The government cited several agribusiness achievements, including the Ijaye Agribusiness Industrial Hub, the Fasola Agribusiness Industrial Park, which is recognised by the African Development Bank as Nigeria's first Agricultural Transformation Centre, and the establishment of OYSADA.
Brief written by urgent.news from Punch Nigeria, Punch — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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