Business
Nigeria loses N3.5 trillion to post harvest loss annually – Farmcrowdy boss
Nigeria loses N3.5 trillion to post harvest loss every year due to the poor state of roads across the nation.
Nigeria loses N3.5 trillion to post harvest loss every year due to the lack of proper storage facilities and the poor state of roads across the nation.
This was disclosed recently by the Founder and Chief Executive of Farmcrowdy Limited, Onyeka Akumah, during the fourth anniversary of the Agritech firm.
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Akumah explained that the loss could be attributed to the inability of the farmers to access proper storage facilities and the poor states of Nigerian roads, which bleeds the Nigerian economy and discourages several farmers.
To address these challenges, the firm has extended its service in agriculture beyond financing into using technology to boost the food value chain, as it launched a new E-commerce platform and its trading and aggregation platform for smallholder farmers.
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He said, “We will focus on the use of technology to build tools and resources that farmers will need to boost food security in the country through 6 business focus.
“These businesses were set up to serve all individuals across the entire agriculture value chain, prioritizing stakeholder access to better yields, lower costs, and smarter marketing.”
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They are; Farmcrowdy Structured Finance, Farmcrowdy Insurance, Farmcrowdy Marketing, Farmcrowdy Tech and Data, Farmcrowdy Foods, and Farmcrowdy Aggregation.
It also introduced two major platforms; the Foods E-Commerce platform and the Trader platform (Flagship platform under Farmcrowdy Aggregation).
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“Farmcrowdy Foods is set to launch its E-commerce platform where consumers can purchase all their fresh foods and get value for their monies.
“The Farmcrowdy Trader platform is a one-stop-shop created to provide major processors and international buyers the opportunity to purchase commodities directly from farming clusters and aggregators by optimizing the market access to African farmers and improving their income and boosting their yields,” he added.
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What it means
The platform is expected to create an atmosphere for greater integration of the value chain through vertical relationships, which improves product flow; thereby, reducing cost, inconveniences, and improving efficiencies through technology.
The trader platform should enable easy farmer’s data profiling, advisory services, procurement, agency banking, insurance, and microcredit for small-holder farmers.
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Business
Exited N-Power beneficiaries to apply for CBN empowerment options
A portal to enable Exited N-Power beneficiaries apply for CBN empowerment options has been launched by the Ministry of Humanitarian Affairs.
Business
Nigeria’s University lecturers union, ASUU, calls off 8-month strike
ASUU called off its eight-month long strike that has grounded academic activities in the public universities.
The Academic Staff Union of Universities (ASUU) has called off its eight-month-long strike that has grounded academic activities in the public universities. The union took the decision after it agreed to accept government’s total payment of N70 billion.
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The was disclosed by ASUU via its Twitter handle on Friday after its meeting with the Federal Government’s team led by the Minister of Labour and Employment, Dr. Chris Ngige.
It tweeted, “The Academic Staff Union of Universities, ASUU, has shifted ground on FG’s offer. The Union insisted that payment of outstanding salaries must not be done as through the IPPIS platform as promised, if strike would be suspended.”
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#JUST IN: The Academic Staff Union of Universities, ASUU, has shifted ground on FG's offer.
The Union insisted that payment of outstanding salaries must not be done as through IPPIS platform as promised, if strike would be suspended.
Wait for more details#ASUUANDFG— Official_ASUU (@ASUUNGR) November 27, 2020
This is a developing story….
READ: FG offers N65 billion to ASUU, N15 billion revitalization fund to end strike
Business
Terrorism: Nigeria records 39.1% reduction in deaths – GTI Report
Nigeria has recorded a 39.1% reduction in terror-related deaths, according to the 2020 Global Terrorism Index (GTI) report.
The 2020 Global Terrorism Index (GTI) report, published annually by the Institute for Economics and Peace (IEP), based in the United States, indicates that terrorism incidents in Nigeria fell by 27% in 2019.
This represents the lowest level of terrorism in Nigeria since 2011, with terrorism deaths in Nigeria reduced to 1,245 last year – a 39.1% dip from the 2,043 deaths recorded in 2018.
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Despite the overall decline in terrorism in Nigeria last year, the country is still ranked as the third most impacted country in the world by terrorism, a position it has maintained for five consecutive years since 2015.
According to the latest annual GTI report, Afghanistan and Iraq are respectively the first and second most affected countries by terrorism.
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Highlights of the report
- The decline in both terrorism incidents and deaths in Nigeria is attributed to a significant reduction in violence by armed Fulani herdsmen.
- The armed herdsmen are being held accountable for majority of terror-related deaths in 2018, with the latest GTI report showing a 72% decline in fatalities attributed to the herdsmen last year.
- Terror-related deaths and incidents attributed to Boko Haram in Nigeria increased by 25% and 30% respectively from the prior year.
- Over the past year, Boko Haram increased attacks on military targets, with deaths rising from 26 in 2018 to 148 in 2019.
- Globally, deaths from terrorism fell in 2019 to 13,826. This represents a 15% dip from the previous year and the fifth consecutive year of decline since peaking in 2014.
- Conflict remains the primary driver of terrorism, with over 96% of deaths from terrorism in 2019 occurring in countries that are already in conflict.
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What you should know
- GTI report is published annually by the Institute for Economics and Peace (IEP) based in the United States.
- The GTI report, now in its eighth year, ranks 135 countries according to how they are impacted by terrorism. The indicators used by the GTI include the number of terrorist incidents, fatalities, injuries and property damage.
- Boko Haram, the deadliest terrorist group in Nigeria ranks second in the world, behind the Taliban in Afghanistan.
- There are 63 countries in 2019 that recorded at least one death from a terrorist attack and 17 countries that recorded over 100 deaths from terrorism. However, only Afghanistan and Nigeria recorded over 1,000 deaths and both countries had significant reductions in the number of people killed in 2019.
- Globally, the report estimates the economic impact of violence, including military, homicide, incarceration and terrorism to be $14.5 trillion in 2019. This is the equivalent of 10.6% of global GDP. The global economic impact of terrorism alone was estimated to be $26.4 billion last year.
- There are emerging new threats of politically-induced terrorism in North America, Western Europe, and Oceania, though with minimal fatalities.
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Terrorism: Nigeria records 39.1% reduction in deaths – GTI Report
Nigeria’s University lecturers union, ASUU, calls off 8-month strike
