The Federal Government has welcomed the plan by Olam International to introduce Barramundi cultured fish (Sea Bass) to Nigeria. Sea Bass is a common name for a variety of different species of marine fish of which Barramundi is one. According to organicsfact, “Barramundi has a number of impressive health benefits, including its ability to help lose weight, prevent certain cancers, balance cholesterol levels, prevent diabetes, ensure growth and repair, improve eye health, and strengthen bones.” The Federal Government has pledged to embrace the initiative through partnership with the group as a way of boosting local fish production. Minister of State for Agriculture, Sen. Heineken Lokpobiri, said this in Abuja during a presentation on the prospect of introducing marine-culture fis
A Nigerian company, Dalisatech Limited, has produced a machine that automates garri production, from cassava peeling to frying into the end product, garri – a popular staple in the country. News Agency of Nigeria (NAN) learnt that the machine was invented by Dalistech after four years of research. Until now, cassava had to be peeled manually before being processed by a machine, for mostly manual frying. According to NAN report, Dalisatech garri processing plant however, peels cassava, washes it, grinds it, presses it and fries it into garri. Managing Director of Dalisatech Group, Mr. Samuel Taniniwo told NAN on Sunday in Abuja that the Dalistech machine would assist economic growth by helping to boost food production. Taniniwo disclosed that Dalisatech had also produced a machi
A total loan of N112.5bn was provided by the Bank of Industry to finance the industrial sector of the economy in the 2017 financial period. The Chairman, BoI, Aliyu Dikko, gave the figure in a presentation made at the 58th Annual General Meeting of the bank held in Abuja on Thursday. He said despite the challenging operating environment, the lender recorded huge improvement in its financial performance. For instance, Dikko stated that the total assets improved by 4.5 per cent from 682bn to 713bn between 2016 and 2017, while the group’s total equity also rose to 241bn in 2017 from 219bn in the previous year. Similarly, he said profit before tax also increased to 26.3bn from 16.9bn in the period under review, representing a growth of 55.6 per cent. Dikko said, “The bank’s disb
The Federal Government has said that new 14 rice mills being expected in Nigeria in few weeks’ time will attract N250bn worth of investments to the sector. On March 4 this year, a statement made by the Federal Government stated that Thailand had commenced moves to establish rice mills in Nigeria following the over 90 per cent reduction in the importation of rice from the country. Although the government did not name those who were to establish the 14 new rice mills, it told participants at the AgroNigeria High-level Rice Conference in Abuja that the move would attract hundreds of billions of naira to Nigeria’s rice value chain. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said, “There are presently 21 large integrated rice mills with a total processing capa
The Governor of Edo State, Mr. Godwin Obaseki, has concluded plans to partner Heritage Agro-Allied (H2A) Foods and Elephant Group Plc, to cultivate a $6 million 1,155-hectare cassava farm and start a food processing facility, as part of efforts to promote agricultural development in the state. Obaseki, who stated this when senior executive officers of the two firms paid him a courtesy visit to the Government House in Benin City, the Edo State capital, said the partnership with the H2A Foods and Elephant Group Plc will enable the state government achieve its promise to create 200,000 jobs within four years, especially through agricultural development. According to him, the cassava project is a model for job creation for the large number of unemployed youths in the state. He said the state
Cadbury Nigeria Plc has announced the introduction of a healthy lifestyle programme aimed at bringing nutrition education, active play and fresh foods to at-risk children and their families in Nigeria. It said it was joining nine other countries in the Mondelez International family in this initiative, which would involve $50m a-year commitment to promote healthy lifestyles and address obesity. A statement from the firm on Thursday quoted the Managing Director, Cadbury West Africa, Mr. Amir Shamsi, as saying that this was the first-ever Mondelez International Foundation-funded effort in Nigeria. He added that the programme, which would run over a three-year period, was targeted at nearly 6,000 children and families in nine schools. “It will operate in Cadbury Nigeria (Ikeja and
IDH, The Sustainable Trade Initiative, has received a grant of a $2 million grant from The Rockefeller Foundation to the IDH Cassava Initiative, to go towards industrializing the cassava value chain in Nigeria. The purpose of the grant is to support six to eight industrial cassava processors to integrate smallholder cassava farmers into their supply chain. The farmers will be a secure source of supply and in turn, they benefit from a consistent and reliable market, access to training and connection to inputs and financing. Cassava — a woody shrub cultivated for its edible, starchy, tuberous root — is a major staple in Nigeria, the world’s largest producer of the crop. Drought tolerant and carbohydrate-rich, cassava is a lifeline to the country’s 30 million smallholder farmers. Bu
The Federal Government has entered into an agreement with the United Nations Development Programme to commit a total of $8.06m (N2.45bn) to boost agricultural output along the rice and cassava value chain. The deal for the funding was sealed between the Nigeria Incentive-Based Risk Sharing for Agricultural Lending, the Ministry of Agriculture and Rural Development and the UNDP. The Managing Director, NIRSAL, Mr. Aliyu Abdulhameed, said the programme would be implemented through the Nigerian Agribusiness Supplier Development Project. Speaking at the signing of the Memorandum of Understanding, he said that the focus of the NASDP was to eliminate supply chain bottlenecks in the rice and cassava value chains through improved linkages between production and processing actors. Out of...
Ogun State government says it has put policies and programmes in place to make the state key to Nigeria’s food sufficiency . Commissioner for Agriculture, Mrs Adepeju Adebajo, stated this at the 2018 Investors Forum in Abeokuta, the capital of Ogun state. According to her such policies and programmes include supporting farmers and firms on the best agronomic practices, cluster-farming, capacity building for all stakeholders across the value chains are all meant to improve food sufficiency. She therefore called on the private Agro Investors to join hands with the state government to make this a reality through tapping into flexible agric policies and programs. She said there are many opportunities in the state’s agric programme, which included the land acquisition, selling of fertilizer
The number of rice farmers in Nigeria is currently being increased by five million people in order to enhance rice cultivation across the country, the Federal Government has announced. It said although rice farmers in Nigeria increased from five million to 12 million in the past two years, it was important to attract more people into the business so as to attain sufficiency in rice production. The Minister of Information and Culture, Lai Mohammed, who disclosed this during a tour of some rice farms, stated that the government had commenced the cultivation of rice on additional 200,000 hectares of land in different states across the country. He stated that 25 farmers would cultivate the crop on each hectare, adding that a total of five million farmers would be needed to work on t...