Brand Spur Volume 1 - Maiden Edition | Page 18

FRUIT JUICE Nigeria Imports ₦165b Fruit juice Annually, Says Manufacturers’ Association In a paper presented at a workshop organised by the Raw Materials Research and Development Council (RMRDC) in Owerri on Friday, Jacobs noted that in spite of the high rate of fruit production and a thriving juice market, the country imported fruits concentrates. In the paper entitled “Promoting Investments in Concentrate Production,’’ he said the situation resulted in an estimated loss of one billion dollars annually. Jacobs, represented by Mr Nwabueze Anyanwu, observed that Nigerian farmers also lost 60 per cent of their produce as a result of lack of processing facilities. He listed other factors to include limited demand and logistics challenges such as handling and transporting the fruits to the urban centres. Read more...