The Lagos Chamber of Commerce and Industry (LCCI) has stated that exportation of primary products to the global community without value addition by way of processing, will not generate the desired level of foreign exchange needed to achieve economic diversification and accelerate economic growth.
The president, LCCI, Mrs. Toki Mabogunje, at a seminar on Africa Continental Free Trade Agreement (AfCFTA), noted that Nigeria’s non-oil export sector is dominated by export of raw materials and primary products over the years, saying that Nigeria could generate more foreign exchange earnings if these primary products were processed into value-added commodities before exportation. Read More.
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