FG, John Deere Sign MoU to Supply 10,000 Tractors, Set up Assembly Plant

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

The Federal Government has given a boost to mechanized farming in the country by signing a Memorandum of Understanding (MoU) with the Nigerian Agricultural Mechanisation and Equipment Leasing Company (NAMEL) and John Deere, to supply 10,000 tractors to rural farmers across the country.

The MoU to engage John Deere was signed by Minister of Agriculture and Rural Development Chief Audu Ogbeh; the Director-General of NAMEL, Dr. Hammed Adekunle; and the Managing Director, Sub-Saharan Africa of John Deere, Jason Brantley.

Through the agreement, John Deere would set up assembling plants for tractors in the country.

The tractors would be delivered through 2,500 Agricultural Equipment Hiring Enterprises (AEHE). John Deere is also known for its cotton-picking machines. This has opened a market for John Deere aftermarket parts for equipment repairs.

Ogbeh, underscored the need by farmers to improve the relationship with John Deere to boost agriculture in the country and tackle the repeated failures in the past to address challenges of mechanized farming.

- Advertisement -

“If you want to know how difficult it is to own and operate a tractor, try and buy one. Tractors Owners and Hiring Facility Association of Nigeria (TOHFAN) achieved a feat by increasing the number of tractors from five to almost 600m.

“We have invented something because I do not see any country in Africa that wants to grow its agriculture that can avoid adopting the method have perfected in the last four years,” Ogbeh said

Read Also:  PROPOSED MERGER OF CEMENT COMPANY OF NORTHERN NIGERIA PLC AND KAIAMBAINA CEMENT COMPANY LIMITED

He appealed to John Deere which has been involved in mechanized farming in Africa since 1878, to take advantage of the federal government plan to revive the steel industry in the country by setting up assembling and fabrication plants.

Brantley noted that John Deere would in line with the MoU deploy world-class mechanized equipment to the farmers with support from the AEHE.

- Advertisement -

“Plans are afoot to as quickly as possible begin to assemble all the tractors and implements by Nigerians in line with our agreement. We will also offer local currency financing under 10 percent which is almost unheard of.

Read Also:  PROPOSED MERGER OF CEMENT COMPANY OF NORTHERN NIGERIA PLC AND KAIAMBAINA CEMENT COMPANY LIMITED

“The reliability and support are built into the machines so that they run – tractors don’t run or feed anybody, they have to run and it takes a significant investment we prepared to make that a reality.

“Each of these tractors will have hello tractor telematics solutions to enable efficient management, operation, and maintenance. We have plans to train the operators and technicians. That’s what we are bringing to the table,” Brantley said.

- Advertisement -
FG, John Deere Sign MoU to Supply 10,000 Tractors, Set up Assembly Plant - Brand SpurFG, John Deere Sign MoU to Supply 10,000 Tractors, Set up Assembly Plant - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FG, John Deere Sign MoU to Supply 10,000 Tractors, Set up Assembly Plant - Brand SpurFG, John Deere Sign MoU to Supply 10,000 Tractors, Set up Assembly Plant - Brand Spur

Latest News

Stock Market Extends Bullish Run, As NSE-ASI Surges By 0.43%

The Nigeria Local Bourse today (Tuesday) closed trading activities on a positive note to extend its bullish run to...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -FG, John Deere Sign MoU to Supply 10,000 Tractors, Set up Assembly Plant - Brand SpurFG, John Deere Sign MoU to Supply 10,000 Tractors, Set up Assembly Plant - Brand Spur