January 17, 2018

Effective positioning of agric sector as alternative to oil

Effective positioning of agric sector as alternative to oil... NAIJA INVEST

There is currently a revolution in the agricultural sector of the economy. The bankers committee, multi-lateral agencies and the agric ministry are demonstrating a renewed commitment to transforming the sector. It is beginning to dawn on stakeholders, particularly the federal government, that there must be a gradual shift from over-reliance on oil to the agric sector as the current dynamics surrounding oil in the international arena call for a rethink. For many years, crude oil has stood as major export earner for the country even though it hasn’t been effective in creating employment opportunities for the huge population of over…

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Jonathan approves N10b cassava bread fund

Jonathan approves N10b cassava bread fund... NAIJA INVEST

President Goodluck Jonathan has approved N10 billion for the Cassava Bread Development Fund, Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said. Adesina also announced Jonathan’s readiness to launch the Youth Employment Agricultural Programme called the “Nagropreneurs.” He added that the Jonathan will be actively involved in the programme of creating employment through value-chains of the Agricultural Transformation Agenda (ATA). In a statement, the Deputy Director, Press and Public Relations, Greyne Anosike, said the fund is to complement the Ministry’s target for the nation to achieve food security. “The N10billion approval is a way of encouraging us to work hard…

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Lagos moves to raise fish production

Lagos moves to raise fish production... NAIJA INVEST

Lagos State government plans to increase fish production to eliminate poverty and raise the people’s nutrient intake,Deputy Governor of Lagos State, Mrs Adejoke Orelope–Adefulire said. Speaking during the artisanal fishing inputs delivery service programme for fishermen in Badagry, Mrs Orelope Adefulire, who spoke through the Commissioner for Rural Development, Pastor Cornelius Ojelabi , said the estimated yearly consumption of fish in the state is 260,000 tonnes but farmers can only produce 130,000 tonnes. She said Lagos is working to create an opportunity to produce additional fish and improve the income of fish farmers and fishermen. The Deputy Governor said the…

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How govt can stop rice import, by Utomi

How govt can stop rice import, by Utomi... NAIJA INVEST

How can the Federal Government stop rice import? It is by providing adequate incentives for stakeholders in the rice value chain ,says the Co-founder, Pan-Atlantic University, Lekki, Lagos, Prof. Pat Utomi. He advised the government to guarantee rice farmers so that none of their harvests would be wasted. In an interview in Abuja, Utomi , said until stakeholders began to see agriculture as a business rather than development programme, the sector may not witness expected transformation. He said: “Once there is appropriate incentive to produce rice, if you can guarantee those who produce for example that nothing they produce will be wasted,…

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Packaging agro products now money spinner

Packaging agro products now money spinner... NAIJA INVEST

In the international market, such as in Europe and America, food products can be denied entry into a country by officials at the ports simply because their packaging or labelling is not done right. The product itself may be okay, but many exporters have lost a whole lot of money due to poor packaging and labelling. Even domestically, to sell local foods in the high-end market, one needs good packaging and labelling for the products. Selling of foodstuffs to high net worth individuals such as busy business executives, professionals, supermarkets, grocery stores, hotels, restaurants, caterers, and other food service providers…

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