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IITA Signs MoU with Nigerian Cassava Growers

Nigerian Cassava Growers and IITA have signed an MoU to improve seeds of cassava varieties.

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CBN moves to reduce cassava derivatives import worth $600 million  

The International Institute of Tropical Agriculture (IITA), recently signed a Memorandum of Understanding (MoU) with Nigeria Cassava Growers Association (NCGA) for the second phase of BASICS-II project, to improve seeds of cassava varieties.

The Bill and Melinda Gates Foundation awarded the Building of Economically Sustainable and Integrated Cassava Seed System (BASICS-II) to IITA in May, to transform the cassava seed sector.

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At the formal signing of the MoU, the Director-General, IITA, Nteranya Sanginga, who was represented by Gbassey Tarawali, Officer in charge of IITA Abuja, said that the project will midwife a new role for cassava seed producers and root farmers in Nigeria.

He further said that the project will provide another impetus to develop a commercially sustainable and viable model for cassava seed system in the country, as well as address one of the major problems that has limited the power of cassava in Africa, in terms of poverty reduction and livelihood improvement among growers.

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READ: N75 billion Nigerian Youth Investment Fund to be rolled out before end of October – Minister

According to him, “We are sealing an alliance by all actors to ensure facilitation and supply of quality certified and disease-free seeds to farmers, to help Nigerian smallholders improve their productivity and family income. Our vision is to see that at the end of this project, we have a commercially sustainable model for cassava seed system, which can be replicated in other parts of Africa. Therefore, our model must increase not only farmers’ income but also roots for processors and the industry, who will in turn contribute to the socio-economic development of our communities.”

On his part, the President of the Nigerian Cassava Growers Association (NCGA), Segun Adewumi, said the MoU will enable the regeneration of various varieties of cassava and ensure more yields and better quality of products.

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According to him, “We are really excited as we look forward to the cassava revolution that will enable our cassava industrial derivatives compete favorably in the domestic and international market. With this development, many of the utility industrial items like ethanol, industrial starch, sweetener, and others for which we spend hundreds of billions of Naira to import can be produced in Nigeria. Incidentally these products are raw materials to other essential utility items with limitless market potential; this is to say cassava can trigger industrial revolution in Nigeria.”

The Head of Cassava Team, Central Bank of Nigeria (CBN), Chinedu Ogbonnaya, reiterated the apex bank’s commitment to support farmers’ access to certified seeds.

READ: Chevron Nigeria invests $1.45 billion in local content development

Mr. Ogbonnaya said his bank is currently supporting cassava production in Nigeria with N25 billion in 2020.

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He promised that the bank will strengthen partnership with other stakeholders to create a community of seed entrepreneurs across the cassava value chain.

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READ: Nigerians shun digital e-Learning platform, as only 16,000 users register within 24hours

The BASIC-II project consists of six components mainly, ensuring integration of breeding and seed system activities, development of early generation seed enterprises and development of commercial seed entrepreneurs.

Others are, development of the processor-associated seed system model, quality control and disease management, and catalyzing scaling and replication through partners.

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  1. David suoyo

    October 8, 2020 at 4:11 pm

    Am interested in casavas farm and supply

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At least 1,588 people were killed in Nigeria as at Q3 2020 – SBM Intelligence

At least 1,588 have been reportedly killed in Nigeria between July to September 2020.

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At least 1,588 have been reportedly killed in Nigeria between July to September 2020, according to findings by SBM Intelligence.

The findings also revealed that 137 security personnel have been hacked to death within the period under view.

According to the findings, the breakdown of people killed by geo-political zones includes; 638 in North-West, 544 in North-East, 194 in North Central, 93 in South-South, 70 in South-East and 49 in South-West.

Further breakdown revealed that the following people were killed;

  • 683 Civilians
  • 366 Bandits
  • 366 Boko-Haram members
  • 119 Army officers
  • 59 cultists
  • 11 armed robbers
  • 10 police officers
  • 8 kidnappers
  • 5 DSS officers
  • 3 NSCDC officers
  • 3 smugglers.

(READ MORE: FG earmarks over N190 billion for road construction in the 6 geo-political zones by 2021(Opens in a new browser tab)

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The percentage of people killed by geo-political zones is depicted below;

Source: Nairametrics from SBM Intelligence data

What this means

The data displayed is a major source of concern to security officials and Nigerians at large. The major highlight is the number of civilians killed, which is higher than the number recorded for armed bandits, terrorist and other crime-related offences.

This is alarming and puts the country in bad light, especially as there is a growing concern of human rights abuses, torture and extrajudicial killings in the country, as alleged by Amnesty International.

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The breakdown of people killed by states is also depicted below;

Source: Author’s computation from SBM Intelligence data

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Business

Remittances to sub-Saharan Africa totaled $48 billion in 2019

According to the World Bank, the remittances to sub-Saharan Africa totalled $48 billion last year.

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The New Normal - Digital Transfers and Remittance in Nigeria

There is a boom for Africa-focused money transfer companies, as diaspora wanted to help their families amid COVID 19 pandemic. According to the World Bank, the remittances to sub-Saharan Africa totalled $48 billion last year. This development is despite predictions from the World Bank of a historic 20% drop to $445 billion in remittances to poorer countries this year, as a result of a pandemic-induced global economic slump.

READ: World Bank announces $12 billion COVID-19 vaccine finance plan for poor countries

READ: World Bank predicts Nigeria’s impending recession will be worst in 40 years

Remittance companies got an additional boost early on in the pandemic, when African central banks reduced fees and loosened limits on digital transactions, to encourage the public to use digital services to facilitate social distancing.

According to Dare Okoudjou, Founder of MFS Africa, “I would probably agree with the World Bank that the total amount (of remittances) will go down, but anyone who’s in digital would actually gain market share and see their volume go up.”

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READ: Nigeria’s Asset to GDP Ratio Is low despite rise in Mutual Fund value

What you should know

Nairametric had earlier reported that PricewaterhouseCoopers, a global tax and consulting firm, estimated that migrant remittances to Nigeria could grow to US$34.8 billion by 2023.

The pandemic gave remittance companies an advantage over their main competition in Africa; the sprawling informal networks of traders, bus drivers, and travellers used by many migrants to send money home.

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READ: World Bank predicts rebound of Sub-Saharan Africa’s economy next year

  • Remittances to sub-Saharan Africa officially totaled $48 billion last year, according to the World Bank. Experts, however, said this figure only tells a part of the story, though much of the monies Africans ship home via informal networks is absent from official data.
  • Amongst the industry executives, the shift is likely to last as digital remittance services are typically cheaper, faster, and safer than informal networks, which are difficult for governments to regulate.
  • Online remittance company, WorldRemit, reported last week that transfers to Zimbabwe via its service had doubled over the past six months.
  • Azimo, a UK-headquartered remittance company, whose major African markets include Nigeria, Ghana, and Kenya, saw a nearly 200% increase over the expected number of new customers in April, May, and June.
  • According to Kenyan central bank data, remittances to Kenya were up 6.5%; though, August compared to the same period last year. Remittance inflows to Zimbabwe were up 33% through July.
  • Remittance companies got an additional boost early on in the pandemic when African central banks reduced fees and loosened limits on digital transactions, to encourage the public to use digital services to facilitate social distancing.
  • MFS Africa, which runs networks across 36 African countries to channel remittances between mobile money accounts, has seen year-on-year transaction growth of over 90% in 2020.
  • The company, which runs networks across 36 African countries to channel remittances between mobile money accounts, has seen year-on-year transaction growth of over 90% in 2020.
  • Mukuru based in South Africa, which focuses mainly on African remittances and allows customers to send both cash and groceries, has seen a roughly 75% acceleration in growth compared to last year.

 READ: World Bank ranks Nigeria among World’s most improved countries in “Doing Business” 

What they are saying

Having fled an economic implosion in his native Zimbabwe, Brighton Takawira was able to support his mother back home with modest earnings from a small perfume business he set up in South Africa.

Brighton Takawira uses the Mukuru remittance app which enables him to send money and groceries home to family in Zimbabwe from his home in Pinetown, South Africa. Then the pandemic struck and borders closed. The buses he had used to send his cash stopped running. According to him, “I had to send something, even a few dollars, though it meant sometimes going without bread

READ: World Bank predicts rebound of Sub-Saharan Africa’s economy next year

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According to Patrick Roussel, Head of mobile financial services Africa at French telecom company, Orange, “We saw an increase of transfers as the diaspora wanted to help their families

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READ: $70 billion per annum will be needed to tackle pandemic induced poverty – World Bank

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According to Andy Jury, Chief Executive of Mukuru, South Africa, “We’ve seen an influx of new customers, and we see them mainly coming to us from the informal market.”

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Business

Inferno razes down SUBEB office in Ondo State

The SUBEB annex office in Akure, Ondo State has been razed down by a mysterious fire.

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Inferno raze down SUBEB office in Ondo state

The Ondo State Universal Basic Education Board (SUBEB) annex office in Oke Eda, Akure has been allegedly razed down by fire. The inferno affected the marketing office of the state government-owned television station, which also housed the building.

The cause of the inferno still remains unknown, as investigations are underway.

READ: UPDATE: Office of Nigeria’s Accountant General is reportedly engulfed in flames

What you should know

Recently there have been reported cases of arson, lootings, and killings perpetrated by hoodlums. It is yet to be known if this incident is related to the hijacked #EndSARS protests.

(READ MORE: BRT owners, Primero says they lost N100 million to #ENDSARS violence)

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What they are saying

Confirming the incident, an anonymous staff opined that the fire incident might have happened overnight. She also said that all buildings and files in the offices were affected by the fire.

“All the buildings, because it was made of wood, are gone. It was completely burnt.

“We can’t lay our hands on anything. Everything in the office is gone,” she said.

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