• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Manufacturing

MSMEClinic gets 200,000 capacity yam storage facility in Benue

Ruth Okwumbu-Imafidon by Ruth Okwumbu-Imafidon
June 10, 2020
in Manufacturing
MSMEClinic gets 200,000 capacity yam storage facility in Benue
Share on FacebookShare on TwitterShare on Linkedin

As part of the Shared Facilities Initiative of the MSMEClinics, a 200,000 yam capacity storage facility has been constructed and commissioned in Zaki Biam, Benue state.

The Zaki Biam market accounts for 70% of the yam cultivated in Nigeria. Over 200 trucks load 2 million tubers of yam weekly.

As part of the Shared Facilities Initiative of the MSMEClinics, it was my pleasure to commission the 200,000 yam capacity storage facility in Zaki Biam. https://t.co/v5Pvodz744 pic.twitter.com/moxOcS8c7w

— Prof. Yemi Osinbajo (@ProfOsinbajo) June 9, 2020

This large capacity storage, according to Vice President Yemi Osinbajo, will greatly reduce the post-harvest losses that result from poor storage facilities for the agriculture produce.

RelatedStories

Food, commodity inflation, food insecurity

Benue food inflation drops to 22% despite deadly attacks  

June 17, 2025
health insurance, EBSHIA,

Ebonyi state government begins construction of Enyim River bridge linking Ebonyi to Benue state 

May 16, 2025

The choice to site the facility in Benue state, according to Osinbajo, resonates from the fact that the Zaki Biam market accounts for 70% of the yam cultivated in Nigeria, and sends out over 200 trucks loaded with yams weekly.

“Besides, post-harvest losses have been the bane of agricultural production in Nigeria: Nigeria produces 17 million tons of yam annually, but loses up to 40% on account of inadequate storage and processing facilities 

“Following discussions between the federal government’s MSME Clinics project, the Benue State Government and market stakeholders, it was unanimously agreed that this 200,000 capacity Yam Storage Facility should be located right here in Zaki Biam, Benue State,” he said at the virtual commissioning on Tuesday.

READ MORE: Hope for Higher Oil Prices

The commissioned facility has several features including the yam storage facility, 660 units of reconstructed stalls/sheds, construction of internal roads, administrative buildings and a solar-powered borehole.

MSMEClinic gets 200,000 capacity yam storage facility in Benue

While performing the virtual inauguration and handing over of the 200,000-capacity Yam Storage Facility at the Zaki Biam International Yam Market in Benue State, Osinbajo noted that the National MSMEs’ Shared Facility Scheme is part of the government’s innovation to support Micro, Small and Medium enterprises in the country.

He noted that the storage capacity in the market was inadequate to contain the size of commerce that goes on in the food supply chain, and that most individual small businesses operating in the area could not afford such equipment to ease their business operations and maximise profitability.

He stated further that there are re-construction works going on to provide 660 units of stalls/sheds, as well as a police/market administrative building, eight units of public toilets, provision of solar-powered borehole with an overhead tank, construction of internal roads with drainage and installation of solar street lights.

READ MORE: Crude oil price up 32%, as report paints gloomy picture

 What you should know

President Muhammadu Buhari set up the MSMEClinic in 2016 under the chairmanship of Professor Yemi Osinbajo.

Among other things, the MSMEClinic was charged to provide a meeting point in every state between regulatory or approving authorities such as NAFDAC, SON, and SMEs. These bodies were to help the MSMEs proffer solutions to their challenges, at such meetings, and offer advice on how to access credit facilities through the Bank of Industry.

READ MORE: FG goes after AMCON’s N5trillion debtors, sets up task force on funds recovery

The shared facilities project is an offshoot of the National MSMEs clinic, just like similar facilities are seen in Oyo and Bauchi states.

Also present at the virtual commissioning were Benue State Governor, Samuel Ortom, Senator Gabriel Suswan, Honorable Richard Gbande, Agriculture and Rural Development Minister, Sabo Nanono; Special Duties Minister, Senator George Akume, among others.

 


Follow us for Breaking News and Market Intelligence.
Tags: Benue stateMSMEClinicNigeria Newsyam storage facilityYemi OsinbajoZaki Biam
Ruth Okwumbu-Imafidon

Ruth Okwumbu-Imafidon

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via ruth.okwumbu@nairametrics.ng

Related Posts

Food, commodity inflation, food insecurity
Economy

Benue food inflation drops to 22% despite deadly attacks  

June 17, 2025
health insurance, EBSHIA,
Real Estate and Construction

Ebonyi state government begins construction of Enyim River bridge linking Ebonyi to Benue state 

May 16, 2025
Benue State partners with Google to train 10,000 youths in ICT 
Real Estate and Construction

Benue Govt approves N149.5 Billion for Mbawuar-Bako-Negher, Wurukum-Airforce Base Roads, other projects 

March 22, 2025
Benue State partners with Google to train 10,000 youths in ICT 
Business News

Benue State spends N4.53 billion to service external loans—Governor Alia 

December 9, 2024
Benue State partners with Google to train 10,000 youths in ICT 
Sectors

Benue State partners with Google to train 10,000 youths in ICT 

August 13, 2024
Aregbesola Blames Poverty on Having ‘Too Many Children’
Health

Benue state faces N29 Billion annual cost due to failure in implementing nutrition policies – Official

June 20, 2024
Next Post
How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria,Bears extend reign to crypto market, drops by about 50%, Answering the big Bitcoin question - buy, sell or hold?, Why cryptocurrencies are falling lately, Nigerians passion for bitcoin, Bulls push Bitcoin pass $7200 level, Bitcoin breaks past $7500 for the first time since early March, Nigerians Beware Of Bitcoin Fraudsters

Bitcoin: Nigeria's new goldmine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Gamsole founder Abiola Olaniran, 36, dies 
  • FG, Femi Otedola deny involvement in FirstHoldCo’s N323 billion share acquisition 
  • Appeal Court prohibits Human Rights Commission from entertaining Oil Spillage Complaints in Nigeria 

Follow us on social media:

Recent News

Gamsole founder Abiola Olaniran, 36, dies 

Gamsole founder Abiola Olaniran, 36, dies 

July 18, 2025
Buy, Sell or Hold – FirstHoldco?

FG, Femi Otedola deny involvement in FirstHoldCo’s N323 billion share acquisition 

July 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics