Industrialist Hails Govt for Tomato Policy

tomato paste
  • Industrialist Hails Govt for Tomato Policy

The tomato policy introduced by the Federal Government, if effectively implemented, can boost local production and promote Nigeria’s economic growth, the Chief Executive Officer (CEO), Erisco Foods, Chief Eric Umeofia, has said.

Umeofia noted that the industrialisation strategy, which aims at achieving greater global competitiveness in the production of processed and manufactured goods, would be a mirage, without effective implementation of government policies.

The government on March 27, last year, introduced the tomato policy, and increased tariff on tomato concentrate import from five to 50 per cent in its bid to encourage local production.

The policy was to accelerate the growth of the manufacturing industry and deepen the diversification of the economy.

According to the Federal Ministry of Industry, Trade and Investment, Nigeria imports an average of 150,000 metric tons of tomato concentrate per annum, valued at $170 million, mostly due to inadequacy in local capacity to produce tomato concentrate.

Federal Government’s data reveals that the current demand for fresh tomato fruits is estimated at 2.45 million metric tons per annum (MTPA), while the country produces only about 1.8 million MTPA.

“There are lots of policies by the government that are targeted at stimulating growth in the manufacturing sector; but the sector has continued to suffer slow growth and low productivity, due to ineffective implementation of these policies.

“One year after the tomato policy was introduced; no tangible progress has been made in implementing the policy.

“The objective of the policy, which is to boost tomato production, improve the value chain, create jobs and attract investment into the sector, has been delayed,” Umeofia said.

According to him, the tomato industry is still facing challenges of fake tomato paste that are being smuggled and imported into the country.

He noted that these substandard products portend a risk to the health of unsuspecting consumers, as well as affect the viability of local producers.

Umeofia said that the recent zeal attached to curbing the Codeine Syrup menace, should be extended to flush out fake and substandard tomato paste from the market.

He said fake and substandard tomato paste was much more dangerous to health than the Codeine Syrup.

“People choose to abuse Codeine consumption, but fake tomato paste consumption is ingested unknowingly by the generality of the people, and it affects both old and young.

“As people consume fake and substandard tomato paste, they would be dying slowly, and contributing to medical bills,” he said.

Umeofia commended the government for returning the National Agency for Food and Drug Administration and Control (NAFDAC) to the ports.

The industrialist urged the agency to leverage its presence at the ports to effectively control importation of unwholesome foods and substandard goods.

“A 2015 survey report of NAFDAC revealed that 91.1 per cent of tomato pastes circulated in the country were fake and substandard, we expect the agency’s presence at the ports to stop the entry of these products,” he said.

Umeofia urged the relevant government agencies to collaborate on policing the ports and borders toward reducing smuggling in order to grow the nation’s industrial sector.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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