By Steve Agbota
The Managing Director Universal Quest Nigeria, Mr. Sotonye Anga, has revealed that Nigerian farmers lost over N100 billion to the flood that ravaged farmlands, houses and markets across the country recently.
This is even as he said the negative impact of the flood would reduce the volume of exports going through the nation’s seaports.
Anga who spoke with Daily Sun via telephone phone on Thursday, said that the floods affected farmers livelihood, with sever negative economic impact. He noted that there will be a decline in export revenue from agricultural production as well as a decline in foreign exchange earnings from agricultural sector as a result of the flood.
According to him, in most cases, farmers lost 100 per cent of their produce, saying such losses definitely means he will be left with nothing to sell.
His words: “What do you expect such farmer to live on? What is he going to export? The answer is nothing, which means that without understanding the impact of the flood, a lot of farmers have been thrown into poverty that is what has happened.”
He said it means that there will be decline in the volume of export going to the ports, as the only thing the flood didn’t affect every part of Nigeria and so those places that were not affected can still have goods to export. “But in the worst hit areas, there will be very low volume for export.