In a significant achievement, Ethiopia has recorded a historic 1 billion quintal increase in grain production, rising from 335 million quintals in 2011 to 1.3 billion quintals in 2018. This remarkable milestone was announced by President Sahle-Work Zewde during a joint session of the House of Peoples' Representatives and the Federation Council. The President hailed this achievement as a testament to the country's progress in economic development.
The President emphasized that this substantial increase in grain production is a major breakthrough, demonstrating the effectiveness of the government's efforts to boost agricultural productivity. He noted that this achievement is a result of the collective efforts of various stakeholders, including farmers, policymakers, and development partners. The President's remarks underscored the significance of this achievement in driving Ethiopia's economic growth and development.
In addition to the impressive grain production figures, President Sahle-Work Zewde highlighted other key economic indicators that demonstrate Ethiopia's progress. The country has achieved a record $11.2 billion in export earnings and attracted $4.5 billion in foreign direct investment. These achievements reflect the government's efforts to promote economic diversification, attract investment, and stimulate growth.
The President also cited significant growth in the manufacturing sector, which has expanded by 15.8%. He noted that the credit supply has increased to 1.3 trillion birr, and the total national income has reached 1.98 trillion birr. These indicators suggest that Ethiopia is making progress in its economic development trajectory.
President Sahle-Work Zewde attributed the success in grain production and other economic achievements to the hard work and dedication of the Ethiopian people. He emphasized that the government's efforts to promote agricultural development, improve infrastructure, and attract investment have contributed to this success. The President's remarks reflected his optimism about Ethiopia's economic prospects.
The joint session of the House of Peoples' Representatives and the Federation Council provided a platform for the President to engage with lawmakers and discuss key issues related to the country's development. The session also offered an opportunity for the President to review the country's progress and outline priorities for future development.
As Ethiopia continues to implement its economic development plans, the achievement in grain production and other sectors provides a solid foundation for sustained growth. The government's efforts to promote agricultural development, attract investment, and stimulate economic growth are expected to continue, with a focus on improving the livelihoods of Ethiopians.
Key points
- Ethiopia's grain production increased by 1 billion quintals between 2011 and 2018, reaching a record 1.3 billion quintals.
