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Erisco asks FG to release forex to end tomato scarcity

Erisco asks FG to release forex to end tomato scarcity
May 16
15:28 2016
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Eric Umeofia, chief executive officer (CEO), Erisco Foods, Lagos has appealed to federal government to assist tomato processors with foreign exchange for the importation of heat-resistant tomato seedlings.

Speaking in Lagos on Monday, Umeofia said heat wave caused by the effects of climate change had destroyed tomato farms belonging to processors in the northern parts of the country.

He said processors need foreign exchange for the procurement of the seedlings and other tools, to sustain the country’s sufficiency in local production of tomato paste.

“Reduced access to fresh tomatoes has affected our production capacity, as we are presently producing below capacity,” he said.

“We need forex to import heat-resistant seedlings and treatment tools to continue production.

“Access to foreign exchange will mitigate the reccurrence and reduce the influx of imported, substandard tomato paste into the country.”

Dangote Tomato Processing Factory in Kadawa, Kano State, has suspended production due to lack of access to fresh tomatoes for production.

The company said pests have destroyed its tomato farms in the northern parts of the country.

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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