How govt, investors can turn around Nigeria’s economy – Experts

<p>Falade described the food and vegetable supply chain in Nigeria as very strong compared with other countries.</p>, <span>How govt, investors can turn around Nigeria’s economy – Experts. NAN</span>, <h2>Some experts have said that Nigerian economy will witness positive turnaround with support from government and investors for Micro-Small and Medium Enterprises (MSMEs).</h2>, <p>They stated this at a news conference held at Nigeria Union of Journalists (NUJ) Press Centre in Ibadan on Wednesday.</p>, <p>The News Agency of Nigeria (NAN) reports that the news conference was held ahead of the First International Foods, Beverages and Drugs Fair and Exhibition, scheduled for October.</p>, <p>NAN also reports that the conference will be organised by University of Ibadan (UI) Ventures Limited, in conjunction with 1st A-Z Exhibition.</p>, <p>Prof. Kolawole Falade, of Department of Food Technology, University of Ibadan, said that the country had huge potentials for an average entrepreneur to grow the economy, if given necessary support.</p>, <p>Falade described the food and vegetable supply chain in Nigeria as very strong compared with other countries.</p>, <p>He said that the industry would continue to innovate and grow the country’s economy, with financial support from government and investors.</p>, <p>Dr Olayemi Adegbolagun, also of Department of Pharmaceutical Chemistry, University of Ibadan, said that the quality of some imported drugs could not match locally-produced ones.</p>, <p>Adegbolagun, an analyst in counterfeit and substandard products, said that she used locally-produced drugs more than imported ones</p>, <p>She said there were lots of herbal products with prospects for development, but could not be harnessed due to lack of support.</p>, <p>Adegbolagun commended NAFDAC for doing excellent job, urging government to support local pharmaceutical industries to serve the nation’s health sector perfectly.</p>, <p>“Today, we have our bitter leaves and Ugwu leaves being packaged abroad into capsules and sold back t