If properly developed by the Federal Government, the Nigerian mushroom subsector has the potential to generate N1.8 trillion to the country’s income base.
Michael Awunor, Chairman of the Mushroom Growers, Processors, and Marketers Association of Nigeria, revealed this at the association’s inaugural summit on Tuesday in Abuja.
According to Awunor, the mushroom sector, as a non-oil resource, has the potential to boost the country’s GDP and create an estimated 16 million jobs for Nigerian youth and women.
He emphasized that the nutritional and therapeutic advantages of mushrooms made them stand out among agricultural commodities.
“Nigeria, without a doubt, has enormous non-oil resources waiting to be tapped,” he added. It is safe to say that we can make as much, if not more, from non-oil resources as we can from oil resources.
“This is where Mushroom provides so much potential for a substantial contribution to the country’s GDP.
“The global mushroom market was valued at $45.3 billion at the end of 2020, and we are committed to earn 10% of it.
“The 10% earnings on the worldwide mushroom industry are projected to be over $4.53 billion.”
The $4.53 billion is equivalent to roughly N1.8 trillion if computed at the Central Bank of Nigeria’s official rate of N400 to a dollar.”
As a result, he urged the FG and key agricultural players to pay greater attention to the non-oil sector’s well-being in order to accomplish the aim of economic diversification.
By Olusanya Olutayo