Nigeria has suffered a loss estimated at $700 million over rejected agro-produce.

The President and Chairman, the Board of Trustees, African Export–Import Bank, Afrixembank, Prof. Benedict Oramah, has said that Nigeria has suffered a loss estimated at $700 million over rejected agro-produce.

Speaking at the official commissioning of the  Africa Quality Assurance Centre (AQAC) in Sagamu, Ogun State, Oramah said Afrixembank is now working to address the problem.

He stated: “Due to poor quality over $700 million worth of agro-produce are rejected from Europe alone.