Business
IFAD Supports 150 Rice Farmers With N50m Inputs
The International Fund for Agricultural Development (IFAD) in Niger State said it assisted 150 rice farmers in the state to procure N50 million worth of inputs to increase their yields.
Dr Mathew Ahmed, the Programme Coordinator of IFAD Value Chain Development Programme (VCDP) in Niger made this known on Saturday at the inauguration of funds support programme for small holder farmers in Katcha Local Government Area.
He said “we have supported 150 rice farmers from six different cooperative groups with a grant of N25 million to match the N25 million they contributed for this programme.
“Fifty hectares of land will be cultivated by the clusters of farmers, numbering 25 in each group.’’
Ahmed explained that the programme, aimed at enhancing rice and cassava value chains for sustainable agricultural transformation, would increase wealth for farmers.
He said that the grant was for farm inputs such as faro-57-fertilizer, herbicides and for insurance cover for the farms in case of destruction from natural disaster and diseases.
He added that part of the grant would be used to prepare the land, while IFAD would provide 25 tube wells to enable farmers to grow “three cycle yield’’ per season.
He said that the grant covers provision of threshing machines for the farmers to ensure that the rice was clean.
“We are expecting 400 tonnes of rice per cycle, meaning we will get 1,200 tonnes of rice per farming season under the fund’s regime,’’ he said.
Improved rice seedlings, according to him, are also given to beneficiaries by IFAD and the Niger State Agricultural and Mechanisation Development Authority (NAMDA).
Alhaji Mohammadu Ibrahim, the Permanent Secretary, Niger Ministry of Agriculture and Rural Development, urged the farmers to utilise the support for rice production toward ensuring success of the programme.
Ibrahim, who was represented by Alhaji Bala Maidugu, said the extension staff of the state’s ministry of agriculture would be on ground to give the farmers necessary support.
He said “IFAD is also partnering with Bida and Wushishi local government areas in our state on enhancing rice and cassava value chains for sustainable agricultural transformation.’’
Also, Alhaji Jibrin Yakubu, the Chairman, All Farmers Association (AFAN) in the Katcha Local Government Area, said many farmers were faced with the challenge of getting fertilizer at affordable rates.
Yakubu, who commended IFAD for the gesture, assured that AFAN would ensure the success of the programme.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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