The Chairman of Flour Mills of Nigeria, John Coumantaros, has urged the federal and state government to develop the agriculture and technology sector, as they offer tremendous opportunities for investors.

Speaking during a virtual African Trade Exchange forum organized by the United State Soybeans Exchange Council (USSEC), Coumantaros insisted that agriculture industries are critical and countries develop by ensuring that their agriculture sector thrives.

He noted that many foreign investors would have wanted to invest in Nigeria but do not know how to get connected. With technology, he insisted, this will be easy and will hasten growth and development.

According to him: “The nation needs to move from subsistence farming to get value. That is how other economies have developed and that is how Nigeria can develop. Technology is key for the future of Nigeria. Nigeria has a young population, fantastic entrepreneurial minds who are creative and industrious.”

Jim Sutter, USSEC CEO, said: “Africa plays a dynamic role in helping to feed a growing global population.” Though the world economy has struggled under COVID-19, the trade of soy has remained strong, Sutter explained. He believes the soybean industry is a growth business that requires strategic partnership, reliability and relationship management. Daily Trust