BANANA VALUE CREATION THROUGH ENTREPRENURESHIP: IMPLICATIONS FOR INDUSTRIAL GROWTH IN AFRICA

Abstract

The Banana is a widely grown edible and perennial crop cultivated all over Africa. This is a theoretical paper based on the facets of theories of production and enterprise development. Banana value creation through entrepreneurship for industrial growth in Africa is aimed at job creation, wealth creation, enterprise development, crowd funding, industrial clusters and sustainable development in Africa. The Banana, when well-nurtured, has a capacity to sustain production over a long period of time, suckering and multiplying successively, even on low-nutrient soils of African countries. In Nigeria, production appears best in the South-West, South-East and South-South geopolitical zones of the country. The North-Central zone can also competitively produce comparable scales. African entrepreneurs engaging in banana production or processing would obtain sustained economic satisfaction in terms of food security and income for small-scale farmers; international trade; domestic consumption; flour, chips and fried banana processing; and alcoholic/non-alcoholic beverages. This paper finds that banana value creation and entrepreneurship can enhance consistent wealth creation and industrialization in Africa.