• 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 Business News Business

47% of farmers have no access to any kind of storage facilities – SBM Intel

William Ukpe by William Ukpe
January 12, 2021
in Business, Spotlight
Fear among tomato farmers as Dangote Farms suspends seedlings distribution  
Share on FacebookShare on TwitterShare on Linkedin

SBM Intel, a geopolitical research and strategic communications consulting firm has revealed that 47% of farmers have zero access to any kind of storage facilities during harvest, which could rise up to as high as 60% for tubers, fruits and vegetables.

This was revealed in its report titled: “Nigerians just want to eat: Analysis of Farmers and Food Transporters challenges likely to impede National Food Security,” and seen by Nairametrics.

READ: CBN’s maize import ban: Sentiments, facts, and the way forward

RelatedStories

rice seeds

Food Insecurity: Over 1,356 farmers killed in Nigeria since 2020- Report 

August 7, 2024
CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

Updated: Tracker of CBN’s monetary policy announcements since 2020

December 10, 2022

On post-harvest losses 

  • “Agricultural products are easily perishable while production remains seasonal, and demand for farm produce is present throughout the year,” SBM said.

They added that bridging the gap entails adequate storage for farm produce, however, farmers of these outputs may be unable to acquire their own storage facilities.

READ: Why Tesla could overtake Apple as world’s most valuable company

Citing that the absence of storage facilities forces Nigerian farmers to sell their harvest at low prices to middlemen who own warehouses.

  • “In our survey, almost half (47%) of the farmers interviewed had no access to any kind of storage facilities. The lack of storage facilities contributes to post-harvest losses which could get as high as 60% for tubers, fruits and vegetables.”

READ: Inflation rises for 15th consecutive month

They added that lack of storage, however, is not the only factor contributing to losses, as some losses occur during harvests and “others occur while the commodities are in transit, during offloading (due to poor handling), and in varying degrees in the entire process from farm to fork.”

The report urged that for Nigeria to avert a food security catastrophe, state and federal governments need to prevent “even higher food prices across the country through various short and long term measures.”

READ: FG announce registration of 5 million farmers for fertilizer subsidy

They said:

  • “In the immediate, the government must fully reopen land borders and end the ban on using forex to import staple crops.
  • “After placing maize on the list of items no longer eligible for foreign exchange only on 14 July 2020, the President announced the release of 30,000 tons of maize from emergency reserves on 2 September, and also gave approval to four firms for the importation of 200,000 tons of maize. This could replicate itself for items like rice and cassava in the coming months, items which millions of Nigerians depend on for sustenance.
  • “For the longer term, wider adoption of irrigation, facilitating the provision of early maturing and drought-resistant crop varieties and a switch to climate-smart agriculture is the best way to guard against crop failure and poor yields.”

READ: FG set to provide interest-free loans and agricultural inputs to farmers

On changes farmers and transporters want

  • The government should fix access roads and provide adequate transportation that is cheap, effective and efficient.
  • An efficient rail system which will reduce the cost of transporting farm produce to the markets and improve food security.
  • Security remains paramount followed by access to land and irrigation infrastructure.
  • Financing and the availability of a sizeable storage where most of their farm products can be stored.

READ: 100,000 tons of cocoa stranded at ports due to CBN documentation – Cocoa exporters

What you should know 

  • Founder and Chief Executive of Farmcrowdy Limited, Onyeka Akumah told Nairametrics that 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.
  • The United Nations Food and Agriculture Organization (FAO) warned that Nigeria has emerged as one of the countries to be most hit by a food crisis across the globe in the face of the coronavirus pandemic which had worsened the already bad situation.
  • The United Nations announced in 2020 that it will support Nigeria, Yemen, Afghanistan, Burkina Faso, South Sudan, and the Democratic Republic of the Congo with the sum of $100 million to prevent possible famine, which it says is caused by insecurity, climate change, and poor economic environment.

READ: Nigeria’s cocoa exports to fall by $100m as prices rise in futures market


Follow us for Breaking News and Market Intelligence.
Tags: Nigeria NewsSBM Intel
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

rice seeds
Agriculture

Food Insecurity: Over 1,356 farmers killed in Nigeria since 2020- Report 

August 7, 2024
CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies
Currencies

Updated: Tracker of CBN’s monetary policy announcements since 2020

December 10, 2022
electricity bill
Financial Literacy

How to reduce your electricity bill in Lagos

November 19, 2021
5th evacuation flight for Nigerians in the US scheduled for July 31; see details
Business News

Twitter Ban: Nigeria to meet foreign diplomats on Monday

June 7, 2021
e-naira: Jamb says applicants can now pay for UTME using digital currency
Business News

JAMB says candidates to pay N700 for mock UTME slated for June 3

May 31, 2021
Court orders permanent forfeiture of Diezani's N14.5 billion assets
Business News

EFCC says it seized jewellery worth N14 billion, houses valued $80 million from Deizani

May 28, 2021
Next Post
Covid-19: AstraZeneca vaccine gets huge boost, produces immune response in elderly, Vaccine, COVID-19: Russia to roll out vaccine in September ahead of the West 

Covid-19: South Africa secures 20 million vaccines

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • Why many Nigerian MSMEs may be locked out of access to credit – Expert 
  • CBN opens application for Knowledge Acceleration Programme to shape future research priorities 
  • CBN to decide Nigeria’s interest rate policy on July 22 MPC meeting 

Follow us on social media:

Recent News

MSMEs, stock market

Why many Nigerian MSMEs may be locked out of access to credit – Expert 

July 13, 2025
CBN, MPC

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 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