Agriculture
CBN intervention has reduced importation of rice from Thailand – Emefiele
The Central Bank of Nigeria (CBN) has stated that its intervention in the Nigerian agricultural sector has led to the massive reduction in imported rice from Thailand from 2014 when Thailand exported 1.3 million metric tons of rice to Nigeria to just 58,000 metric tons at the end of 2021.
The CBN Governor, Godwin Emefiele, stated this on Tuesday at the unveiling of the FCT mega rice pyramids under the RIFAN-CBN Anchor Borrowers’ Programme.
The CBN’s Anchor Borrowers’ Programme (ABP) was started in November 2015 to provide aid to farmers and influence the value chain of various commodities in Nigeria. The CBN has carried out interventions aimed at sustaining recovery of output growth and addressing the downside risks to other external and domestic shocks to the economy.
Emefiele noted that ABP has also catalyzed the rural economy and has built a sustainable framework for financing smallholder farmers in Nigeria.
In his words, “The Programme has developed an ecosystem among all nodes of the agricultural value chain and these linkages can be better optimized through synergy among all stakeholders.
“We are delighted that these efforts have yielded fruits in not just increasing the availability of rice, but also in moderating prices, reducing imports and increasing job creation in the country. For example, Thailand alone exported 1.3 million metric tons of rice to Nigeria in 2014.”
The CBN Governor also noted that Output Productivity per hectare has improved within 6 years, saying, “Beyond increasing our national output from about 5.4 million metric tons in 2015 to over 9 million metric tons in 2021, we have also significantly improved the productivity per hectare of the smallholder farmer from about 2.4 metric tons per hectare in 2015 to between about 5 metric tons per ha in 2021.”
Agriculture
Borno establishes Ministry of Livestock, Fishery Development
The Borno Government has announced the creation of Ministry of Livestock and Fishery Development to align its
Development strategy with Federal Government initiatives, and boost the state’s economic potential.
Gov. Babagana Zulum made the announcement on Tuesday during the swearing in of two commissioners at the council chambers of the Government House.
Zulum underscored the importance of livestock and fisheries as vital sectors with untapped revenue potential.
He emphasised that the new ministry would focus on high-yield livestock breeds, milk production and fisheries, targeting both domestic consumption and export opportunities.
The governor said that “no state government can make substantial money in livestock alone, but we believe with the right investment and political will, the sector can generate significant revenue.”
He said that the growing demand for milk by yogurt companies and the proximity of Maiduguri to Asian and Arab markets, are great opportunities for dairy exportation.
The governor, therefore, assigned the Deputy Governor, Dr Umar Kadafur, to oversee the activities of the new ministry, citing his practical experience and passion for livestock development.
He said “livestock development is not just about academic qualifications, it is about practice and the deputy governor has demonstrated capability in that regard.”
According to him, the ministry will prioritise procuring high-yielding livestock varieties, enhancing milk production and creating sustainable rural projects to support
Local communities.
He said that projects in Mafa, Gajiram and in Southern Borno will soon be launched under the new ministry’s purview.
The governor urged civil servants and ministry personnel to take ownership of the new initiative, adding that the ministry’s success would contribute to the states
Long-term economic stability and self-reliance.
Agriculture
News flash: Port Harcourt refinery begins operation
The Port Harcourt Refinery, managed by the Nigerian National Petroleum Company Limited (NNPC Ltd.) through the Port Harcourt Refining Company Limited (PHRC) has commenced operations after undergoing rehabilitation and modernisation.
The refinery with 210,000 bpd refining capacity located at Alesa, Eleme, in Port Harcourt, comprises two operational units which were established in 1965 and 1989.
The News Agency of Nigeria (NAN) reports that the old plant refines a capacity of 60,000 barrels per day (bpd), while the new plant refines 150,000 bpd.
It would be recalled that the Federal Government, under former President, Muhammadu Buhari, had in March 2021 secured a 1.5 billion dollars loan to rehabilitate the facility which contract was awarded to an Italian firm, Tecnimont S.P.A, a subsidiary of Maire Tecnimont Group.
NAN) reports that Malam Mele Kyari, the Group Chief Executive Officer of NNPC Ltd. is leading the team to inspect the first lifting of petroleum product from the facility after its rehabilitation.
Agriculture
Alia appoints head of agric company, others
Alia appoints head of agric company, others
Gov. Hyacinth Alia has approved the appointment of Mr. Donald Aorkwagh Akule as the Managing Director/Chief Executive Officer of the Benue State Agricultural Development Company (ADC).
The governor also approved the appointment of Dr Aondoakaa Asambe as Principal Special Assistant (PSA) on Livestock Development and Animal Transboundary Disease Control.
The appointments were announced in a statement signed by his Chief Press Secretary (CPS), Sir Tersoo Kula, and made available to the News Agency of Nigeria (NAN) in Makurdi on Friday.
According to the statement, the governor also appointed Mr Abraham Agogo as Senior Special Assistant (SSA) on Community Mobilisation.
The statement added that the appointments take immediate effect.
It said that Akule brings over 15 years of experience in agricultural systems, community development, research and development, and food processing.
He holds a B.Sc. in Food Science and Technology from Joseph Sarwuan Tarka University, Makurdi, and is a Certified Fellow in Agricultural Systems Development under USAID and Lagos Business School.
Meanwhile, Asambe, a member of the Nigeria Veterinary Medical Association and a registered veterinary surgeon with the Veterinary Council of Nigeria, has been a lecturer at Federal University, Dutsima, for the past 12 years.
He holds a Doctor of Veterinary Medicine at the University of Agriculture, Makurdi (now Joseph Sarwuan Tarka University, Makurdi).
He also holds a postgraduate degree in Food Animal Medicine at the Ahmadu Bello University, Zaria.
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