Minister of Industry, Trade and Investment, Niyi Adebayo, who disclosed this, yesterday, at the fifth Cold Chain Summit and Exhibition, organised by fair trade Messe, with the theme: “Delivering Food and Nutrition Security Through Cold Chain In Africa,” held in Lagos, added that the development would enhance infrastructural development and technological innovations in the overall interest of Nigerian and African economy.
Adebayo said the Federal Government would continue to encourage innovative strategies in the main sub-sectors that constitute cold chains to mitigate the several detrimental economic and environmental effects. According to him, with €346 million in 2021, Nigeria is the largest investor in food & packaging technology in Africa, ahead of Egypt, South Africa, Algeria, Morocco and all other African countries.
“At €50 million in 2020, Nigeria ranks second in sub-Saharan Africa for imports of printing and paper technology, behind Egypt, but well ahead of other African countries.”
Source: Financial Digest (financialdigest.net)
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