Addis Ababa January 12/2017 Prime Minister Hailemariam Desalegn has revealed that the importation of wheat will cease owning to the continuous increase in the volume of agricultural production in the country.
While responding to questions raised by Members of the Parliament today, the Premier indicated a 12 per cent increase in production this Meher season which he said is a higher yield compared against the previous periods.
He, however, mentioned the need to diversify and raise the volume of agricultural export products in response to the declining commodity price in the global market.
The government has lately begun purchasing agricultural products from local markets by setting a floor price to manage any price fall back that might happen.
Hailemariam expressed his firm belief that the shortage of foreign currency will be addressed though expanding the export industry.
Besides the diversification of export items and attracting FDI, efforts will be made to raise the flow of remittance which is fast growing at a rate of 30 per cent per annum to solve the shortage of foreign currency.
Addressing the issue of youth and women, the premier stressed that a comprehensive work is needed to respond not only to their queries of unemployment but also their active and equal political participation.
Hailemariam said the government will also undertake activities of enhancing capacity of the youth and the productivity of the sectors they engage through providing continuous trainings.
Youth and women who constitute two thirds of the total population are the driving force behind the overall economic growth in the country, he said.
The Premier also urged the youth to exploit the available job opportunities in the country