Oyo State Government Launches Export-Ready Food Products, Boosts Agro-Industrialization

The Oyo State government has made significant strides in promoting agro-industrialization by launching export-ready, value-added food products. The Agricultural Exporting Farmers Multipurpose Cooperative Society unveiled processed yam, cassava, and plantain flour packaged for both local consumption and export. This move is part of the government's efforts to expand its footprint in regional and continental trade. The inauguration also included the establishment of a new board of directors for the Association of Nigeria Cooperative Exporters (ANCE) Limited as part of the ongoing cooperative reforms.

Key Takeaways:

• The Oyo State government has launched export-ready, value-added food products, including processed yam, cassava, and plantain flour, to boost agro-industrialization and regional trade.
• The Agricultural Exporting Farmers Multipurpose Cooperative Society unveiled the products at a conference held at the Ministry of Trade, Industry, Investment and Cooperatives in Ibadan.
• The government has established a new board of directors for the Association of Nigeria Cooperative Exporters (ANCE) Limited as part of ongoing cooperative reforms.
• The new board will be responsible for reforming cooperative structures to meet present-day realities and investor expectations.
• Ministry of Agriculture and Rural Development, Nigeria Export Promotion Council (NEPC), and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) representatives commended the association for compliance with regulations and pledged support through funding, technical guidance, and trade facilitation.
• The newly elected ANCE President, Chief Kola Olomoyoyo, promised to build on the achievements of his predecessor, who diversified the cooperative into livestock feed and bottled water production.

Statistics:

• The launch of export-ready food products is part of the government's efforts to boost agro-industrialization and regional trade.
• The products unveiled by the Agricultural Exporting Farmers Multipurpose Cooperative Society include processed yam, cassava, and plantain flour, packaged for both local consumption and export.
• The Ministry of Trade, Industry, Investment and Cooperatives (MTIIC) will soon establish the Directorate of Quality Control to ensure the standardization of export products.

Sources:

• [Source:] Oyo State Government Press Release
• [Source:] Agricultural Exporting Farmers Multipurpose Cooperative Society
• [Source:] Association of Nigeria Cooperative Exporters (ANCE) Limited