NAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwide

Must Read

FG to shut Third Mainland Bridge on July 24 for 6 months

The Federal Government is set to shut the Third Mainland Bridge for six months starting from Friday, July 24. This...

List of Guaranty Trust Bank 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...

Here is the list of Providus Bank Branches in Lagos

A little over two years after it was granted a commercial banking license with regional authorization by the Central...

The honourable minister of agriculture and rural development Chief Audu Ogbeh has restated the government’s commitment to ensuring food security for Nigerians through the full mechanisation of the agricultural sector and land development.

Chief Ogbeh stated this Thursday in Abuja at the signing of a Memorandum of Understanding (MoU) between the Nigerian Agricultural Mechanisation and Equipment Leasing Company (NAMEL) and Mantrac Nigeria Limited to launch an Integrated Nationwide Agricultural Land Development Scheme (INALDS).

NAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwide

Ogbeh who was represented by the Director, Honourable Minister’s Office, said the MoU is a significant step in government’s endeavour to accelerate and deepen the pace of agricultural mechanisation in Nigeria.

“The need is compelling given our population and the imperative of achieving national food sufficiency and security as quickly as possible. The importance of generating additional streams of income through agro exports for mitigating the effect of the volatility of oil prices on the national economy cannot be overemphasised. We must quickly embrace technological innovations by enhancing agricultural production and productivity along the value chains.
NAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwide
- Advertisement -

“This is why NAMEL was incorporated recently to champion agricultural mechanisation by working with relevant stakeholders to achieve the positive effect to the realisations of our goals.”

Chief Ogbeh assured of the support of the Federal Government of Nigeria in the implementation of the project.

In his remarks, Chief Executive Officer of NAMEL, Dr Ahmed Adekunle said, NAMEL is into a partnership with the federal government to deploy 10,000 units of tractors nationwide on behalf of Nigerian farmers having realised that with financial collaboration, farmers can access equipment at 20% and after a while, they can own them permanently.
NAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwide

“What we are doing today is against what is to come in the next 3-4 years and what we are implementing today, is a strategic plan laid about 7 years ago. We decided to open more lands so that we can effectively manage the cash flow that will come as a result of the deployment of tractors in the sector.

Read Also:  WIMCA 2018: Stakeholders Chart A New Course For Female Marketing & Communications Professionals (Exclusive Photos)

“This is why we decided to go into partnership with Mantrac. Mantrac on their own has also been working on a sustainable partnership with the federal government and the Nigerian people by way of bringing in equipment at a more affordable rate. The MoU we are signing today is a product of consultation for over one year to develop.

- Advertisement -

“We are working with Mantrac to open up about 500,000 hectares of farmland nationwide to provide a market for our mechanisation programme. By market, I mean developing the value activities along the chain which includes harvesting, standardisation packaging etc.”

Also speaking, Managing Director of Mantrac, Ahmed Ragab represented by the General Manager Sales, Mohammed Ibrahim said, their aim is to support the Nigerian citizens and government to achieve the food sufficiency they have been working for.

“We want to empower Nigerian farmers to get more crops and as we all know; agriculture is the cornerstone of many other industries, what we are doing today, will write history for years to come with a positive outcome on agriculture and many other industries and mainly on the Nigerian citizens in terms of more jobs, more food and more industrial activities.

Read Also:  EFInA Highlights Significant Fintech Opportunities in Nigeria (Pictures)

INALDS is a private sector initiative designed to open up 500,000 hectares of arable land using the appropriate agricultural land development technology with payment structured on a flexible differed system over a period of 1-3 years. The INALD specific target is to open up 13,000 hectares of land each state of the federation in collaboration with both the states and local governments.

- Advertisement -
NAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwideNAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwide

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.

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.

NAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwideNAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwide

Latest News

Konnect Africa offers Broadband Internet Connection to all Isolation Centers in Sokoto State, Nigeria to fight against Covid-19

Konnect, a subsidiary of Eutelsat Communications, pursues its ambition to connect the entire African continent to very high-speed Internet,...

Gerety Awards: Final Deadline Fast Approaches, Need for Equality as Strong as Ever

The final deadline for the Gerety Awards is on July 17, with winners announced later in the year, a benchmark for creativity's future in...

Kincentric appoints Singapore market lead to drive HR advisory focused on public sector and large local organizations in Singapore and Indonesia

Andrew How brings 20 years of experience helping businesses through Culture & Engagement, Leadership Assessment, and HR & Talent Advisory, spearheading growth, driving transformation...

GSB Gold Standard Banking, Josip Heit and SPREE FLUG in Times of Coronavirus

HAMBURG, GERMANY - NEWSAKTUELL - 6 July 2020 - In the coronavirus pandemic, job cuts, such as those currently at the aircraft manufacturer Airbus, are hitting...

Adyen Expands Acquiring Capabilities to Malaysia

Adyen launches its acquiring solution in Malaysia to help local businesses achieve higher authorization rates, better customer experience, and deeper data insights as the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwideNAMEL partners Mantrac to open 500,000 hectares of Agricultural Land nationwide