ABUJA, Nigeria—Vanguard Online reports that the Federal Government of Nigeria has unveiled plans to generate over $300 Million in projected revenue from the Moringa plant and create over one million jobs in the process.
The plant which is believed to prevent over 300 diseases and could readily provide the substitute for the chemical, Alum, used for water treatment, which the Nigerian Government spends about $2.2.5 million annually to import.
Moringa Oleifera is a popular plant in the northern and eastern parts of the country, used for food and medicines.
Peter Onwualu, Director-General/Chief Executive Officer of Raw Materials Research and Development Council, stated that, “It is our belief that if the entire value chain for Moringa is fully developed, it can generate over one million jobs and generate over $300 million in revenue for Nigeria.”
Mr. Onwualu stated that more grants would be awarded to researchers and private industries towards Moringa development in 2011.
Adefemi Olayinsade, Nigerian Permanent Secretary said: “One key area that is already being targeted is the use of extracts from the plant seeds as natural coagulant for water treatment, especially for the rural communities where the lack of potable drinking water is posing serious challenges.”