Nigeria to begin yam export in June

Nigeria is gearing up to make a significant leap in its export endeavors by shipping yams to the United Kingdom and the United States starting on the 29th of June. This move marks a pivotal moment for the country as it aims to diversify its export earnings and tap into the global agricultural market. To shed light on this crucial development, John Kachikwu, the founder of John Trudy Interbiz, shared his insights during a recent interview on CNBC Africa. Kachikwu highlighted both the opportunities and challenges that lie ahead in Nigeria's yam export journey. During the interview, Kachikwu pointed out that while the government's plan to venture into yam exports is commendable, there are crucial steps that need to be taken to ensure its success. One of the key issues he raised was the high cost of air freight compared to other countries like Ghana. Kachikwu emphasized the importance of securing favorable arrangements with airlines to make yam exports financially viable. He noted that the current pricing set by airlines in Nigeria significantly inflates the cost of shipping yams, making it less competitive in the global market. Moreover, Kachikwu delved into the challenges associated with sea freight for yam exports. He expressed concerns about the lack of readiness among shipping lines to handle large-scale exports of yams. Kachikwu mentioned the necessity for exporters to indemnify shipping lines due to potential damages that may occur during the transportation process. This risk factor presents a hurdle for Nigerian exporters looking to expand their reach through sea freight. Despite the hurdles, Kachikwu acknowledged the efforts of the government, particularly the Minister of Agriculture, in promoting yam exports. He recognized the government's initiatives to support yam farmers and exporters but highlighted existing bottlenecks that need to be addressed. Kachikwu pointed out infrastructure challenges, such as poor road conditions leading to seaports, as a significant impediment to the smooth transportation of yams within the country. In conclusion, Nigeria's foray into yam exports signifies a promising opportunity to boost the agricultural sector and enhance the country's export portfolio. However, overcoming the barriers presented by high freight costs, logistical challenges, and infrastructure deficits will be crucial for the success of this export venture. With the support of the government and stakeholders like John Trudy Interbiz, Nigeria aims to carve a niche in the global market and establish itself as a key player in the agricultural export domain.