Agriculture
USAID Has Facilitated $205 million Debt and Equity Investment for Nigerian Agribusinesses
USAID Has Facilitated $205 million Debt and Equity Investment for Nigerian Agribusinesses
By: Michael Mike
Over the past five years, USAID has promoted private sector-led economic growth in Nigeria by facilitating $205 million in debt and equity investments for Nigerian agribusinesses.
This was revealed on Wednesday when the U.S. Agency for International Development (USAID)-funded West Africa Trade & Investment Hub (“Trade Hub”), hosted a workshop on “Leveraging Private Sector Engagement to Promote Sustainable Impact.”
The two-day event highlights the Trade Hub’s efforts to expand trade and investment opportunities and improve livelihoods and communities in West Africa.
A statement from USAID, noted that Nigeria is the largest economy and market in Africa and has a vast untapped pool of labour, creating great potential for economic growth.
It added that the country has an opportunity to become a leading exporter and hub for the West Africa region and the broader continent.
It started that over the past five years, USAID has promoted private sector-led economic growth in Nigeria by facilitating $205 million in debt and equity investments for Nigerian agribusinesses. USAID has also provided partial risk guarantees that will support up to $120 million in loans to agricultural, health, and renewable energy businesses.
It stresses that, the Trade Hub improves private sector competitiveness with a focus on increasing the agricultural productivity and profitability of smallholder farmers.
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The programme has promoted Nigeria and West Africa’s regional and international trade. Using a market-based approach. The project also increases partnerships with firms in various sectors through a co-investment grant facility to improve private sector productivity, profitability, and competitiveness.
Since the Trade Hub was launched in 2019, the project has catalyzed 93 private- sector investments across 16 West African countries. In Nigeria, partners include fruit and cereal processing companies, agricultural input companies, financial advisers, investment firms, and anchor farms. The Trade Hub has awarded $82.6 million in co-investment grants to these companies, generating over $463 million in sales, and creating over 60,000 jobs.
Speaking at the event, USAID’s Acting Mission Director Sara Werth remarked: “Together, with our private sector partners and local and national governments throughout the region, we are so proud of the results we have achieved to date. As we continue to partner in the work necessary for sustainable economic growth, financial inclusion, and climate resilience, today’s learning event provides the environment to fuel continued collaboration and build new connections.”
During the event, private sector partners shared their successes in leveraging Trade Hub funds and direct partnerships with investment firms and other businesses to unlock new private investment. They also discussed the strategies implemented to grow their businesses while navigating challenges and crises such as COVID-19, insecurity, and inflation.
USAID Has Facilitated $205 million Debt and Equity Investment for Nigerian Agribusinesses
Agriculture
Experts, CSOs Propose Bill to Outlaw Genetically Modified Crops in Nigeria
Experts, CSOs Propose Bill to Outlaw Genetically Modified Crops in Nigeria
By: Michael Mike
Coalition of Civil Societies Organisations and several agricultural experts including farmers have proposed a bill for an Act for the prohibition of Genetically Modified Organism (GMOs) in Nigeria, insisting that it is to guide against degeneration of health and wellbeing of Nigerians
The experts who took turns to speak at a press conference on investigative research and public hearing on GMOs.held on Wednesday in Abuja, said the proliferation of GMOs in the country is worrisome and should be outlawed in the country.
The Programme Manager of Health of the Mother Earth Foundation (HOMEF) Joyce Brown lamented that the Nigeria Biosafety Management Agency (NBMA) is yet to conduct any clinical trials on the GMOs being brought into the country, claiming that what is seen on their website is the applications for bringing in GMOs into the country with no assessments report to actually certify that the GMOs are safe.
She said the country does not need GMOs to solve it’s food insecurity, insisting that food insecurity is caused by poverty, insecurity, inequality among others, noting that instead of resorting to GMOs, the country should rather addressed the problems.
She however advised that looking at the country’s agricultural landscape, a sustainable approach such as agroecology should be adopted to boost food production and not GMOs
On his part, a renowned teacher and agricultural consultant, Prof Johnson Ekpere said that the previous government ratified GMO without understanding the basic precepts that guide GMO which is the Cartegena Protocol on Biosafety
He stressed that the government must ensure that the basic tenets that guide this protocol is understood by those implementing the law for successful adoption and integration.
He also called on the government to set up a biosafety research facility that will help them understand what they are doing and take drastic risk assessment of our biotechnology
The Deputy Director of Center for Food Safety and Agricultural Research, Prof. Qrisstuberg Amua stated that NBMA should be a biosafety regulatory agency not a management agency, insisting that the misapplication of their names has translated them into a promoter of foreign technology that are at the detriment of Nigerians
He however warned that that the unregulated biosafety research can exercebate biosafety challenges which is what is currently manifesting in Nigeria as the chemical pesticides used are known disruptors of echo systems.
Another expert, Dr Segun Adebayo called on the National Agency for Food and Drug Administration and Control (NAFDAC) and the Federal Completion and Consumer Protection Commission (FCCPC) to rise up their duty by controlling what is being brought into the country saying Nigerians are eating poison.
A farmer Mrs Ejim Nnena insisted that farmers say No to GMO as the adoption of the technology means poverty, serious nutrition crisis among others.
She maintained that if they are given GMO seeds and cannot replant it, it is poverty in disguise adding that if they have to spray chemicals to enable the seed germinate properly that means farmers are being pushed out of the field into slavery..
She said what farmers are asking for is adequate security on the farms, extension workers to guide the, mapped out areas for farm activities, provide seed banks.
Experts, CSOs Propose Bill to Outlaw Genetically Modified Crops in Nigeria
Agriculture
ThriveAgric partners Mercy Corps to launch its first multipurpose grain cleaning and milling facility in Gombe
ThriveAgric partners Mercy Corps to launch its first multipurpose grain cleaning and milling facility in Gombe
ThriveAgric, a leading agri-tech company committed to advancing food security in Africa in collaboration with Mercy Corps has unveiled its Multipurpose Grain Facility project in Nasarawo Industrial Layout in Gombe State.
The project, which is under the Feed the Future Nigeria Rural Resilience Activity (RRA) initiative is intended to enhance the local economy, empower smallholder farmers and improve the agricultural value chain.
It Is also expected to contribute to Nigeria’s self-sufficiency and economic diversification goals.
As part of the project, a multipurpose rice cleaning and milling facility was established at the layout.
Inaugurating the facility on Wednesday, Gov. Inuwa Yahaya of Gombe State who was represented by the state’s Commissioner for Agriculture and Animal Husbandry and Cooperatives, Dr Barnabas Malle, said that the facility would help to reduce post-harvest losses.
Yahaya said that such losses often caused huge financial losses to smallholder farmers.
He said that the project would complement the State Government’s commitment toward strengthening agriculture and enhancing the lives of smallholder farmers.
He said that rice production plays a crucial role in food security and local livelihoods.
“Our farmers have often faced serious challenges, from post- harvest losses to limited access to modern facilities.
“This new facility, made possible through the collaborative efforts of ThriveAgric and Mercy Corps under the RRA, is a direct response to these challenges.
“It will enhance our ability to process rice efficiently, improve the quality of our yields, and minimise losses that impact both income and food availability.
“This is a catalyst for economic growth as this facility is set to create value addition to the commodity,” he said.
The governor commended ThriveAgric and Mercy Corps for their support, adding that it would reduce poverty and ensure farmers get good returns on their investment.
The Chief Executive Officer of ThriveAgric, Mr Uka Eje, said the initiative was one of the many partnerships aimed at supporting smallholder farmers through value addition.
Eje said that value addition remains a necessary tool to helping farmers to earn more from their labour.
According to him, the project launch symbolises ThriveAgric’s commitment to building an Africa that feeds itself and the world, adding that “by enabling local processing, we’re addressing a core challenge in the agricultural value chain – post-harvest losses while empowering farmers with the tools needed to produce high-quality grains that command better market prices.
“For us, we want to make sure that the farmers are rightly incentivised to go back to farming in order to earn more.
“Agriculture is beyond a cultural activity, it is largely commerce and through this work and initiative, we want to ensure that it is profitable commerce for the smallholder farmers.
“This launch is a groundbreaking achievement as ThriveAgric’s first multipurpose grain cleaning and milling facility.
“We’re not just building infrastructure; we’re creating a sustainable solution that positions Nigerian agriculture for greater economic impact and resilience,” he said.
He said that the rice processing facility would impact 20,000 farmers directly and indirectly.
Also, the Monitoring, Evaluation and Learning Manager of Mercy Corps, Mr Shadrack Gideon, said that the initiative was business model to help drive investment into the state.
Gideon further said that the move would improve smallholder farmers’ incomes, hence he urged them to embrace the initiative.
A rice farmer from Billiri, Mrs Blessing Stephen, said the initiative would greatly assist smallholder farmers, reduce wastage during rice processing, improve rice quality and farmers’ incomes.
Stephen said: “I am happy that we now have this facility where we can clean and process our rice to look like foreign one, this will help us to sell them quickly with more profits.
“It usually took me months to process 100 bags of paddy rice manually.
“And because of the stress, I ended up selling them at give away prices, but now within days I can process all my paddies.”
Our Correspondent reports that the multipurpose grain cleaning and milling facility which is a state-of-the-art facility with a processing capacity of 15-20 metric tonnes will enhance the quality of grains such as rice, maize, and millet by removing impurities like stones and dirt.
The advanced equipment, including temperature and humidity control systems will also ensure that farmers can access premium markets with a projected income increase of up 30 per cent.
With over 50 local job opportunities directly created through the new facility, and an additional boost for agri-SMEs engaged with the One-Stop Shops, the project is set to drive economic empowerment, especially for women and youth.
ThriveAgric partners Mercy Corps to launch its first multipurpose grain cleaning and milling facility in Gombe
Agriculture
Farmers Harvesting Unripe Sorghum, other Farm Products in Yobe
Farmers Harvesting Unripe Sorghum, other Farm Products in Yobe
By: Kolo Gulani
There’s no doubt, Yobe State Government has been trying in terms of security of lives and properties in the state since the assumption of Hon. Mai Mala Buni CON and beyond.
Recall that in 2019, Gov. Buni donates security patrol vehicles to NDLEA, NAFDAC and other security agencies mainly to rid the state of the problem of drug abuse and the use of unwholesome products, especially among the youths.
It’s also worth to mention that the state government had also donated 30 Toyota Hilux vehicles for security surveillance to the Nigerian Police and other security agencies in the state.
The governor made the donation while constituting ‘Haba Maza Squad’ involving Nigerian Police and other security agencies aimed at ensuring peace and security across the state.
Meanwhile, we have to also commend the establishment of Operation Haba Maza as they have tried their possible best in safeguarding the state.
Unfortunately, in the recent days, there are some lingering problems that the attention of Yobe State Government has to be drawn. The issue of farmer/herder conflicts which forced many farmers harvesting unripe sorghum and other farm products in the state.
It’s found out that many farmlands were destroyed by the herders in various local government areas in the state more particularly, Gulani and Gujba. The menace is yet to be curbed despite the efforts made by the state government, traditional rulers and concerned authorities in deploying security personnel to various areas as well as constituting dialogue.
Findings also revealed that there are cases of robbing the vulnerable people inside keke, burglary and theft in the Damaturu metropolis.
Farmers Harvesting Unripe Sorghum, other Farm Products in Yobe
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