The Consul General of Nigeria in New York, Amb. Lot Egopija, has urged foreign investors to utilize the investment opportunities in Nigeria by investing in bee farming.
Egopija made the call at the closing of the 2022 World Bee Conference, organized by the Nigeria-USA Chamber of Commerce in collaboration with the Collaborative Chambers Alliance in Cleveland, Ohio, U.S.
The envoy said the country’s potential in bee farming had been estimated at over 10 billion dollars annually as against the current inflow of 4.5 million dollars.
“Nigeria has the potential of becoming the largest producer of honey and manufacturer of honey products in Africa given it huge land size and lush vegetation,’’ he told the conference in a video message.
According to him, the Government of Nigeria is currently working on a medium to long-term development agenda to transit from an oil-based economy to a green economy.
He said the Government was working to transit to a green economy in which food security and environmental conservation, especially through agriculture, as areas of focus.
“It is estimated that about 10 million Nigerian households consume an average of one liter of honey annually at the cost of 30 million dollars, half of which is imported.
“With the appropriate facilities and funds, large quantities of different grades of honey can be sourced locally and packaged for exports to reduce pressure on our foreign exchange for honey importation.
“As the largest economy in Africa and one of the most profitable investment destinations in the world for potential investors, business opportunities are abundant and are on the increase in Nigeria,’’ the envoy said.
According to him, Nigeria enjoys duty-free trade with ECOWAS Member countries and as the largest consumer market in West Africa.
He said the Trade and Investment Desk of the Consulate-General was readily available to guide potential investors to fully maximize the benefits of the Federal Government’s visa on arrival policy, the pioneer status incentive, and the expanded tax holiday incentives, among others.
Egopija, therefore, pledged support for foreign investors willing to utilize the investment opportunities in Nigeria by investing in bee farming.
He said the Consulate-General was committed and determined to build lasting partnerships that would stimulate, sustain and deepen USA-Nigerian economic relations.
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The theme of the conference is “The Economic Impacts of Honey Bees and Other Pollinators.’’
The News Agency of Nigeria (NAN) reports that the conference was held in preparation for the World Bee Day Celebration coming up in Spencer Ohio on Saturday, May 21.
World Bee Day is celebrated on May 20 to draw the attention of the world’s public and political decision-makers to the importance of protecting bees and other pollinators.
The goal is to strengthen measures aimed at protecting bees and other pollinators which are expected to contribute significantly to solving problems related to the global food supply and eliminate hunger in developing countries.
According to the United Nations (UN), bees and other pollinators, such as butterflies, bats, and hummingbirds are increasingly under threat from human activities.
Pollination is, however, a fundamental process for the survival of the world’s ecosystems.
Nearly 90 percent of the world’s wild flowering plant species depend, entirely, or at least in part, on animal pollination, along with more than 75 percent of the world’s food crops and 35 percent of global agricultural land.
