The Nigerian mushroom subsector has the potential to generate N1.8tn trillion for the country’s revenue base if properly developed by the Federal Government.
The Chairman of the Mushroom Growers, Processors and Marketers Association of Nigeria, Michael Awunor, stated this at the inaugural summit of the association held on Tuesday in Abuja.
Awunor stated that as a non-oil resource, the mushroom sector could boost the country’s Gross Domestic Product and create an estimated 16 million jobs for Nigerian youths and women.
He said, “The world mushroom market as at the end of 2020 stood at about $45.3bn and we are determined to earn 10 per cent of it.
“The 10 per cent earnings when analysed on the global mushroom market is estimated at about $4.53bn.”
“If calculated on about N400 to a dollar official rate of the Central Bank of Nigeria, the $4.53bn translates into about N1.8tn.”
He urged the FG and key agricultural players to pay greater attention to the non-oil sector’s well-being in order to realize the goal of economic diversification.
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