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The Chief Executive Officer, (CEO) of Betamark Limited, Mr. Duro Kuteyi, has said that the recent Federal Government’s 50 per cent import duties on foreign tomato paste was a veritable means to promote backward integration.
He also said the duties would move the nation into self-reliance as well as nip in the bud the growing unemployment.
Kuteyi spoke at a training programme in Lagos where he said his company intended to use the exercise make Nigeria a major hub for tomatoes cultivation and processing.
According to him, he was alarmed at the huge sum involved in importing tomatoes paste and the money lost to wastages of fresh tomatoes during harvests.
He called on governments at all level to support the initiative by providing industrial estates for small scale processing of tomatoes to boost foreign reserve.