Shettima: Nigeria Will Learn From Benin’s Agro-Industrial Model

Vice President Kashim Shettima says African countries must process more of their natural resources locally and take a stronger role in global trade. During a visit to the Glo-Djigbé Industrial Zone in Cotonou, Benin Republic, he inspected cotton, textile, cashew and soya bean processing facilities. He said the integrated industrial model offers lessons for Nigeria’s push to turn raw materials into finished products. Shettima noted that Africa receives only about one per cent of the global cotton industry’s value. He said rebuilding Nigeria’s textile value chain could create jobs, expand non-oil exports and support economic activity across the country. He added that the Federal Government plans to establish eight agro-industrial zones in eight states, working with state governments and private investors.

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