Fani-Kayode reacts as Osinbajo claims Nigeria will soon ‘feed the world’

A former Minister of Aviation, Femi Fani-Kayode, on Wednesday, reacted
to statement credited to the Vice President, Yemi Osinbajo that
Nigeria will soon be the food basket of the world.

Fani-Kayode said Osinbajo's remark indicated that the All Progressives
Congress, APC, was an association of Pedophiles and Coprophiliacs.

In a tweet, the Peoples Democratic Party, PDP, chieftain wrote:
"Nigeria now feeds the world"-VP Yemi Osinbajo, Germany.

"Can you believe that? I said it before and I will say it again,the
APC is nothing but an Association of Pedophiles and Coprophiliacs
(APC). If you don't know what a coprophiliac is google it or look it
up in the dictionary."

Speaking at the Nigerian-German Investment Dialogue in Berlin,
Germany, Osinbajo had said Nigeria is a leading investment destination
for potential and serious investors.

According to him, "He said consumer spending in Africa was $1.4
trillion by 2015, with Nigeria, Egypt and South Africa accounting for
more than half of that total.

"There is also increasing economic opportunities in Nigeria because of
deliberate actions by our government to diversify the economy and
improve the business environment.

"It is encouraging that there are significant economic ties between
Nigeria and Germany. Germany is a significant exporter to Nigeria,
which is its second largest trading partner in Africa.

"Recent reports show that German investment in Nigeria contributes as
much as $1 billion in turnover annually. This is good, but we must
agree that there is scope for even deeper collaboration given that
Nigeria's GDP is close to $500bn."

"Today we produce locally 10 million metric tonnes of paddy rice
annually. And we are importing only two percent of our rice
consumption now," Osinbajo said.

"Investments in milling capacity has risen astronomically since then,
with one investor putting a million tonnes of milling capacity into
the market.

"Carlos Farms, a Mexican fruit and vegetable investor, had initially
planned to grow bananas and pineapples for export; until he discovered
that he was making more money selling his bananas locally at $3
dollars a kilogramme, for what he would have been paid only a dollar
per kg in Europe.

"With a substantial percentage of the world's arable land and over
half of that uncultivated, it is becoming clearer that the world will
be looking to Africa, and Nigeria in particular, as its food basket.

"Just to take China's demand alone, China has 27% of the world's
population, but only 7% of the world's arable land for agriculture.
China needs 2 million tonnes of hybrid Soya beans per annum for
livestock feed and vegetable oil. But we have not met that demand."

"We are also diversifying within oil, while adding that Nigeria is
already exporting urea since it is producing more than enough for its
domestic needs and in the very near future.

"In the service sector, about 1.8 million international travellers
spend two nights on average at Nigeria's estimated 10,000 hotel rooms
yearly.

"This generated about US$210 million in revenue for the industry in
2017, which barely reflects on Nigeria's US$500 billion GDP size.

"Nigeria's hotel industry alone is projected to grow by double digits
by 2020, as the sector bounces back post-recession to one of the
fastest growing in the world, and the possibilities for investors is
significant."