Every single one of our local government areas will be obliged to organise their farmers into cooperative units.
Farmers will be encouraged to sell their produce, buy seedlings, pesticides and fertilisers, as well as farming equipment through their co-operatives to maximise efficiency and overhead costs.
Every local government area must build at least one food storage facility within its domain.
An agricultural tax will be paid to the local government to help provide and maintain the necessary services to support farming programmes.
Agricultural cooperatives will be encouraged to move into value-added activities and will be provided with loans to facilitate this
A National bank of Agriculture will be established to offer loans to farming cooperatives at competitive rates.
Farmers will be encouraged to venture into organic agriculture because of the high premiums that these commands.
Cooperatives will be encouraged to buy their members high-yielding hybrid seedlings to enhance the unit-per-head output.
Seed companies will be offered tax holidays to come and set up plants and facilities within Nigeria.
Processing companies and food manufacturers like Cadbury, Nestle, Mars, Kelloggs, Tate & Lyle, Unilever etc, will be encouraged to establish plants in Nigeria to facilitate vertically integrated production. Our ultimate goal is to export finished, packaged and shelf-ready products to international markets.
HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR
NNPC generates $4.60bn revenue from 19.104bn litres of crude oil, gas export in one year
The Nigerian National Oil Organization (NNPC), on Sunday, said it made a sum of $4.60billion from raw petroleum and gas sent out between June 2019 and 2020.
The shape of disruption in the retail space: how it works, how to respond to it, and why it matters
You won’t find too many jokes about ‘digital transformation’. It’s a serious business. And if you ask who is doing it, every corporate will raise their hands – but there’s little agreement around exactly what it is, the implications for the organisation, how to go about it. RMB’s recent retail client webinar, featuring Wits’ Prof Brian Armstrong, provided strong direction.
Nigeria’s GDP Shrinks by 6.10% in Q2 2020 – NBS
Nigeria’s Gross Domestic Product (GDP) decreased by -6.10% year-on-year) in real terms in the second quarter of 2020, ending the 3-year trend of low but positive real growth rates recorded since the 2016/17 recession.
Market Cap of the World`s Five Largest Automobile Manufacturers Plunged by $63bn in 2020
The COVID-19 pandemic has had a severe impact on the global automotive industry, causing supply chain disruptions and factory closures. All of this placed intense pressure on the market already coping with a downshift in global demand.
Digital Ticketing Sales to Grow 150% by 2022, as Passengers Return to Travel
Hampshire, UK – 24th August 2020: A new study from Juniper Research has found that digital ticketing transaction volumes will exceed pre-COVID levels by 2022; rising from 12.7 billion in 2020 to 32 billion in 2022. It anticipates that continued easing of global travel restrictions will drive increased demand for mobile ticketing in the rail, metro and bus sectors, as commuters return to work.
IITA empowers Ogoni youth on agribusiness for sustainable livelihoods
The Federal Government of Nigeria, through the Ministry of Environment in partnership with IITA, under the Hydrocarbon Pollution Remediation Project (HYPREP), commissioned a cassava processing factory in Korokoro Community, Tai Local Government Area of Rivers State.
74% of organizations reported moderate to significant impact to their employees due to the pandemic
A Feeble Post-Lockdown Bounce – FBNQuest
This week, FBNQuest is sharing the findings of the third round of COVID-19 Impact Monitoring, a telephone survey conducted by the National Bureau of Statistics (NBS) with support from the World Bank. The bureau contacted the same 1,950 Nigerian households in April/May, between 02 and 16 June, and now between 02 and 16 July. The first survey was held during the selective lockdown, the second once some restrictions had been eased and the third when the country was making further steps towards what passes for normality. At this stage, a total of twelve rounds are planned with the World Bank.
