Thursday, October 22, 2020

Edo investors lament over loss, brainstorm on solutions to challenges

Investors at a plenary session on Edo Agro-industrial Revolution and Agribusiness Transformation, have submitted that the government must open up space for smallholder farmers.

Investors at a plenary session on Edo Agro-industrial Revolution and Agribusiness Transformation, have submitted that the government must open up space for small holder farmers.

This is to ensure the provision of sufficient fund and intensify efforts to remove investment bottlenecks if it is to attract more investments in agribusiness.

This submission was made at the Alaghodaro Investment Summit, Benin City, Edo State.

Firm Persists on Infrastructural Development to Tackle Food Losses

The Chairman, PRESCO Plc, Mr, Felix Nwabuko said: “Agriculture is still bedevilled by a myriad of challenges, such as lack of access to finance, land acquisition, infrastructure, community clashes amongst others. All of these have a serious impact on agribusiness,”.

He added that there is the need to encourage businesses to produce competitively.

Rasheed Sarumi of SARO Agro Services added that his company was working towards actualizing Edo state’s vision to create jobs and engage youths through agriculture.

Sarumi said:  “We are using market-led approach to agriculture in Edo State. The arrangement is that we would buy what the people produce and we are to provide them with inputs and training.”

The outgrowers (youths) will through this arrangement, own a 5-hectare farm and plant maize on it and thereafter, employ 50 other persons.

Although, Sarumi said SARO Agro Services initially had the challenge of non-application of youths whom the programme was meant for.

Dufil’s representative, Adhi Narto, said the company has been in Nigeria for 20 years and that their investment in Edo State is three times more than what they made worldwide.

Nigeria Records N2.7 Trillion Post-Harvest Losses Yearly

He added that it is their vision to make Edo State a hub for our investments in Nigeria.

The President of Association of Edo Farmers, Chief Emmanuel Odigie, said farmers in Edo state face a lot of challenges and has urged the Federal and State governments to work in synergy to address such issues.

The governor has also assured that he will make Edo State a leading agribusiness hub in Nigeria by initiating strategies that will enhance agricultural development, create jobs and guarantee food security.

 

More news

NISS Rolls Out Five Year Strategic Plan to Address Soil Degradation

The Nigeria Institute of Soil Science (NISS) has rolled out a five year strategic action plan to tackle the challenges of soil degradation and...

Borno Moves to Resuscitate Fishing at Lake Chad Basin

  Borno State Gov., Babagana Zulum, has set up a committee to revive the harvesting, processing and selling of fish from the Lake Chad Basin...

Releaf Secures $120,000 Investment to Connect African Agribusinesses to Customers They Can Trust

Founders of Releaf, Ikenna Nzewi, Uzoma Ayogu and Isaiah Udotong, have secured a $120,000 investment from YCombinator – the world's most prestigious early startup...

NIHORT Encourages Youths on Plantain and Mushroom Farming 

  The National Horticultural Research Institute (NIHORT), Ibadan, Oyo State brought into the limelight that the cultivation of mushrooms and multiplication of materials for plantain...

Federal Government Inaugurates Committee on Revitalization of Extension Services

Minister of Agriculture and Rural Development, Muhammad Nanono has inaugurated the technical committee on the revitalization of extension services, asserting that agricultural development in...

Tackling Malnutrition in Nigeria: Dangote Foundation promises $100M

The Aliko Dangote Foundation has pledged to invest $100 Million over a five-year period to tackle malnutrition problem in the worst-affected parts of Nigeria. This...

Stakeholders Partner to increase Private Sector investment in the Agricultural Sector

World Economic Forum, the New Partnership for Africa's Development, the Sustainable Trade Initiative, the Growth Africa Partnership and Nigeria Agribusiness Group partners to increase...

MAAN Commends FG Over Ban on Maize Importation

The Maize Association of Nigeria has lauded the federal government over the recent ban on maize importation into the country and has also implored ...

Livestock Modernization, a Great Investment Opportunity for Agripreneurs – Experts

The lack of modern equipment in the nation’s agricultural sector has caused a major setback in the development of livestock farming, but on the...

FG Tasked on Agricultural Commercialization

The government has been called upon to utilize fallow lands across the country to aid commercial agric production. Seun Edun, Executive Director, Agro Park Development...

Insurance Firm to Compensate Sokoto Farmers Affected by Flooding

Farmers affected by the 2020 flood disaster in Sokoto State have received declarations from Veritas Kapital Assurance that their insurance premiums will be settled...

Related news

FG Urged to Boost Cassava Production

The President of Nigeria Cassava Growers Association (NCGA), Pastor Segun Adewumi, appeals to the Federal Government to boost cassava production in the country. This...

Research Institutes Strike Underscores FG’s Lip Service to Agric

As the indefinite strike action of Joint Unions of Research Institutes and Allied Institutions in the country enters its fifth week, there is no...

Firm Persists on Infrastructural Development to Tackle Food Losses

Roland Omorosemi, Chief Executive Officer,‎ Dreamfield Farms Limited explained how more than half of farm produces have been lost by Nigerian farmers to lack...

Osun Boosts Tomato, Pepper Farming with N2.2 Million

  The Osun State government has kicked off its farming empowerment programme with the distribution of N2.2 million loans to selected tomato and pepper growers...