Connect with us

Business

NGO Holds Expo On Natural Products

Published

on

The Bioresources Development and Conservation Programme (BDCP) will hold a workshop and exposition to stimulate the natural products and bio-business industrial sub-sector in Nigeria and the ECOWAS sub-region.

BDCP’s National Coordinator, Prof. Elijah Sokomba, said this in a statement he issued on Wednesday in Abuja.

The BDCP is a non-profit organisation aimed at ensuring the well being of tropical ecosystems and human inhabitants through practical and innovative mechanism of sustainable development.

Sokomba said the organisation would hold the three-day initiative in collaboration with the International Centre for the Ethnomedicine and Drug Development as well as the Natural Medicine Development Agency.

He said the forum would also address technical problems faced by natural products entrepreneurs in Nigeria and the ECOWAS sub-region as well as find ways of “ keying into the herbal renaissance blooming across the world. ’’

“This is with a view to enhance our capacity for delivery of new health products to the international markets, especially the EU and the U.S. under Africa Growth and Opportunity Act (AGOA), and diversify the export base of the local economy,’’ he added.

He said the programme tagged, “HerbFEST 2011,’’ would enable producers, researchers and government appreciate the need for protection of products in high demand through the use of sustainable agro-techniques as well as tap opportunities available in alternative plants and products.

Sokomba further said the programme would involve panel discussions to enhance technical capacity, provide and elicit policy support as well as regulation and standardisation of natural products in the region.

He said more than 100 small and medium enterprises involved the manufacture of natural products would be exhibiting their products to buyers, retailers, wholesalers, distributors and investors.

The forum, which has “Bio-business Development and Investment for Herbal, Food and Natural products ’’ as theme, would take place between October 11 and October 13 at the Lagos Airport Hotel, Lagos.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

11m Benefitted From $415m World Bank Supported CSDP  – FG

Published

on

The Federal Government has disclosed that 11 million Nigerians benefited from $415 million World Bank-supported Community and Social Development Project (CSDP) programme.
Minister of Humanitarian Affairs, Hajiya Umar Farouq, disclosed this in an opening address during the close out ceremony of the CSDP programme.
According to Farouq, 11 million direct beneficiaries with an estimated 25 million indirect beneficiaries across 29 states and the Federal Capital Territory (FCT) were reached between 2009 and 2021 when the CSDP programme was being implemented.
She also described the project as highly successful and highlighted sectors the project focused on including health, education, transportation, electrification, community housing, and others.
She said: “The Project became effective in 2009, has had two additional financing, all totaling USD415 million. In its over 11 years of existence, the CSDP has evolved into one of the strong pillars for the implementation of the Social Protection Programmes of the Federal Government under the supervision of my Ministry through the National Social Safety Nets Coordinating Office (NASSCO).
“The CSDP operates with the core principle of Community Driven Development (CDD) Approach.  This is a development paradigm that focuses on the needs of the poor and vulnerable and empowering them with development resources to address their peculiar needs.
“Using this unique approach, the CSDP has implemented micro projects in poor communities across the 543 Local Government Areas of 29 States and the Federal Capital Territory.
“This represents about 70 per cent of the total number of Local Governments in Nigeria.  The poor communities are identified specifically through the use of Poverty Maps agreed to by each participating State and FCT.
“The Project has made substantial impact on improving access of the poor and vulnerable to social and natural resources infrastructure across the benefiting communities.  The total number of beneficiaries of CSDP stands at 11 million direct beneficiaries across the 29 states, with estimated 25 million indirect beneficiaries.
“Specifically, the CSDP has achieved the following: Successful completion of 16,166 micro-projects in 5,664 communities and 934 vulnerable groups.  These micro-projects cut across eight sectors of intervention namely education, health, water, transportation, electrification, socio-economic, environment and community housing; 5,764 classrooms, 1,323 health centres and 4,442 water micro projects were constructed and or rehabilitated.

Continue Reading

Business

Cooking Gas Use Campaign Begins In 12 States

Published

on

The Federal Government in collaboration with the Nigerian Energy Support Programme has kicked off the national sensitisation and awareness campaign for the use of Liquefied Petroleum Gas in Nigeria beginning with 12 pilot states.
The states include Sokoto, Katsina, Bauchi, Gombe, Enugu, Ebonyi, Delta, Bayelsa, Lagos, Ogun, Niger and the Federal Capital Territory.
The government said the campaign to ensure increased usage of LPG, popularly called cooking gas, was in line with its ‘Decade of Gas’ initiative, adding that its socioeconomic and health benefits far outweighed the use of kerosene and firewood.
Speaking at the inaugural campaign in Abuja, Tuesday the Vice President, Prof. Yemi Osinbajo, said there was no excuse for Nigeria not to be able to develop its gas sector considering the huge gas reserves in-country.
Osinbajo, who was represented by the Programme Manager, National LPG Expansion Plan, Office of the Vice President, Dayo Adeshina, said the use of LPG would help in cutting down gas flaring in Nigeria.
He said the government was working to ensure that Nigeria achieved the five million metric tons LPG consumption target, adding that efforts were being made to ensure the provision of cylinders at affordable rates to Nigerians.
“Our gas reserves in this country are enormous and we have every reason to develop the gas sector and ensure that our citizens use LPG,” the Vice President said.
He added, “The use of LPG is good for our health and has better socioeconomic benefits and this is in line with the ‘Decade of Gas’ initiative of government.”
Recently, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said over 120 million Nigerians were experiencing energy poverty despite the huge natural gas resources across the country.
Participants at the awareness campaign also called for adequate penetration of LPG usage in Nigeria, as they pledged to support the government in achieving this target.

Continue Reading

Business

Rail Transport Suffers 38% Decline In Q1 2021 – NBS

Published

on

Rail transportation suffered a 38 per cent, year-on-year average decline in passenger and cargo travel in the first quarter of the year 2021 (Q1’21).
The National Bureau of Statistics (NBS) disclosed this yesterday in its Rail Transport Data for Q1’21, which  showed that passenger travel fell by 34.4 per cent, year-on-year, to 424,460 passengers   in Q1’21 from 647,055 passengers recorded in Q1’2020.
Similarly, cargo travel fell by 43.13 per cent, year-on-year, to 10,511 tons in Q1’21 from 18,484 recorded in Q1 2020.
The NBS stated: The rail transportation data for Q1 2021 reflected that a total of 424,460 passengers travelled via the rail system in Q1 2021 as against 647,055 passenger recorded in Q1 2020 and 134,817 in Q4 2020 representing -34.40 per cent decline year-on-year and +214.84 per cent growth QoQ respectively.
“Similarly, a total of 10,511 tons of volume of goods/cargo travelled via the rail system in Q1 2021 as against 18,484 recorded in Q1 2020 and 35,736 in Q4 2020 representing -43.13 per cent decline year-on-year and -70.59 per cent decline QoQ respectively.
Revenue generated from passengers in Q1 2021 was put at N892,467,526 as against N398,999,290 in Q4 2020. 
Similarly,revenue generated from goods/cargo in Q1 2021 was put at N26.19 million as against N82.57 million in Q4 2020.

Continue Reading

Trending