Monday 3 October 2016

Imported Pounded Yam Flour In Nigeria, A Mockery Of Nigeria's Economic Growth!

Imported Pounded Yam flour pictured below. Like most traditional Nigerian food, possibly raw yam flour was exported to the United states of America from Nigeria, where it was refined, packaged and re-imported for sales.

 

Situations as this makes it almost impossible for the already overly depreciated =N= currency to gain any significance in the international market. 

At 56, Nigeria has gotten to an age where technologies for 'refining' raw yam flour for instance, and every other traditional food processing as the case may be, needs be introduced, the yam flour and other products manufactured in the country and exported instead to generate international revenue for the country through exchange transactions. This will aid straighten the economy.












No comments:

Post a Comment