Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries 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.

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.

 

Related

Tags: Benue stateMSMEClinicNigeria Newsyam storage facilityYemi OsinbajoZaki Biam

Leave a Reply Cancel reply

Your email address will not be published.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

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Eco Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Weekly Stock Update: Nigerian Exchange Group closes bearish, loses 0.14% w-o-w
    • A day in the life of a Lagos bus conductor
    • Meet Ochai Agbaji of Nigerian heritage picked in the 2022 NBA Draft to join Cleveland Cavaliers

    Follow us on social media:

    Recent News

    OPEC, NSE, MTN, other developments and how they affect your pocket

    Weekly Stock Update: Nigerian Exchange Group closes bearish, loses 0.14% w-o-w

    June 25, 2022
    “Ó Wà óóó!” —  What I learnt being a bus conductor for one day

    A day in the life of a Lagos bus conductor

    June 25, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com