Connect with us

Business

Experts To Develop Commercial Models For Cassava

Published

on

Experts working on the project to develop commercial models for cassava seed system in Nigeria will meet at International Institute of Tropical Agriculture (IITA), Ibadan, tomorrow to map out strategies for development.
A statement by the IITA Communication Specialist, Mrs Adaobi Umeokoro, said that the experts would meet to strategise on how the potential of emerging cassava technologies could harnessed to create wealth for all.
The statement said that the experts were planning to develop a sustainable mechanism through which smallholder farmers could get timely and affordable access to high-quality planting materials such as improved cassava varieties.
It said that they would consider how to make cassava, an important staple crop for millions of families in sub-Saharan Africa, more profitable for those whose livelihoods and sustenance depended on it.
“ Building a Sustainable, Integrated Seed System for Cassava in Nigeria (BASICS) project will hold its first annual review and planning meeting.
“It promises to strategise on the best available options for making planting materials of superior variety and quality readily available and accessible to Nigerian farmers at the appropriate time, place, and price,” it said.
The statement quoted the Project Director, Dr Hemant Nitturkar, as saying that although Nigeria was the largest cassava producer in the world, its average yield of about 14 tonnes/ha was less than half of what could be produced in a realistic way.
“Given the potential of this crop and the vast number of Nigerians depending on it, there is an urgent need for improvement at all levels of the cassava value chain.
“Increased adoption of improved varieties and usage of quality materials have the potential to improve the productivity of cassava, thus positively impacting on food security and livelihoods in Nigeria.
“It can earn valuable foreign exchange for the country through increased exports and import substitution; BASICS is catalysing the build-up of a sustainable seed value chain in Nigeria,” he reportedly said.
The statement said that Nitturkar stressed that BASICS would sensitise farmers to the need to use high-quality seeds of improved varieties to achieve higher net profits from cassava cultivation.
“BASICS is piloting two business models for seed multiplication and distribution.  The first is a decentralised Village Seed Entrepreneur (VSE) model, where over 130 VSEs will be developed in Benue, Abia, Imo, Akwa-Ibom, and Cross River states.
“The second is the Processor Led Model (PLM), where cassava processors will multiply good quality improved cassava varieties for supply to outgrowers to plant under a buy-back arrangement for the roots produced.
“The project has developed an online platform called Cassava Seed Tracker (CST) to facilitate easy registration of seed producers and real time monitoring of field inspections and certification by National Agricultural Seed Council (NASC).
“CST is also designed to link seed producers with needy farmers and many more features will be added to this platform over time.’’
The statement said that Nitturkar emphasised that the project would also address one of the key bottlenecks of cassava seed system, which was slow and low seed multiplication ratio.
“It is piloting the use of an innovative rapid seed multiplication technology called Semi Autotrophic Hydroponics (SAH), which has been successfully used in commercial potato seed multiplication in Argentina.
“SAH is expected to significantly help the cassava seed system by enhancing the capacity of pre-BASICS and BASICs seed producers to make available adequate quantities of certified planting materials of improved varieties for further multiplication by certified seed producers.
“The technologies and models being piloted in this initiative are tailored towards creating a win-win scenario for farmers, processors and seed entrepreneurs in Nigeria.
“The processors benefit from an assured supply of better quality cassava roots for processing.
“Youths and women, among other seed entrepreneurs, benefit from an expanding cassava seed market as an economic opportunity and the nation benefits from the resulting enhanced productivity across the cassava value chain,” Nitturkar said in the statement.
The project director said in the statement that BASICS, a four-year project (2016-2019), was funded by the Bill & Melinda Gates Foundation.
“The project partners include the NASC, National Root Crops Research Institute (NRCRI), Context Global Development, Food and Environment Research Agency of the UK (FERA), among others,” Nitturkar was quoted as saying.

Print Friendly, PDF & Email
Continue Reading

Business

Eco Currency: Finance Ministers, C’Bank Govs Oppose Buhari, Others

Published

on

Nigeria and some other West African countries have kicked against the adoption of Eco as regional currency by President Muhammadu Buhari and others.
This is contained in a communiqué read by the Minister for Economy and Finance of the Republic of Guinea, Mr Mamadi Camara, in Abuja, yesterday.
The communiqué was issued after an Extra-Ordinary Meeting of the Ministers of Finance and Governors of the Central Banks of the Member States of the West African Monetary Zone (WAMZ).
Camara said the meeting noted with concern, the declaration by the Chairman of the Authority of Heads of State and Government of the West African Economic and Monetary Union (WAEMU), Alasane Outtarra on December 21, 2019 to unilaterally rename the CFA Franc as “Eco” by 2020.
He said: “WAMZ Convergence Council wishes to emphasise that this action is not in line with the decisions of the Authority of Heads of State and Government of ECOWAS for the adoption of the “Eco” as the name of an independent ECOWAS Single Currency.
“WAMZ Convergence Council re-iterates the importance for all ECOWAS member countries to adhere to the decisions of the ECOWAS Authority of Heads of State and Government toward the implementation of the revised roadmap of the ECOWAS Single Currency Programme.
“The WAMZ Convergence Council recommends that an Extraordinary Summit of the Authority of Heads of State and Government of the WAMZ Member States be convened soon to discuss this matter and other related issues.”
According to him, those at the meeting are, the Minister of Finance and Economic Affairs, Gambia, Mambury Njie and Minister of Finance of Ghana, Ken Ofori Atta.
Others were Minister of Finance and Development Planning Liberia, Samuel Tweah Jr, Minister of Finance, Budget and National Planning, Nigeria, Zainab Ahmed and the Minister of Finance, Sierra Leone, Jacob Shaffa.
Also in attendance were Central Bank governors of Gambia, Mr Buah Saidy, Gambia; Ernest Addison of Ghana; Louncenry Nabe of Guinea; Aloysius Tarlue of Liberia; Godwin Emefiele, Nigeria and Kelfala Kallon of Sierra Leone.
The Tide reports that eight West African countries had agreed to change the name of their common currency to Eco, thereby effectively severing the CFA franc’s links to former colonial ruler, France.
The countries include Benin Republic, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.

Print Friendly, PDF & Email
Continue Reading

Business

RSG Dispels Rumours Of Unapproved Structures Demolitions

Published

on

The Rivers State Commissioner for Works, Engr Austin Ben-Chioma, has dispelled rumours making the rounds that the state government demolished structures that were not originally marked by the construction company handling the Rumuogba flyover project for demolition.
Ben-Chioma, who cleared the air on the rumours, on Tuesday in a chat with newsmen while supervising the demolition exercise, noted that the ministry only demolished structures that the construction company, Julius Berger had marked as being in the Right of Way (RoW) of the flyover, and for which compensation was paid.
He said that there was enough evidence to show that the ministry had not exceeded the demolition instruction given by Julius Berger Plc.
According to him, “I am on site and evidences are shown as you can see that we did not exceed the red line marked by Berger” adding that the property owners, “are not telling the truth because the evidences are visible and verifiable”.
The commissioner pointed out that, of the three flyovers under construction, the Rumuogba flyover was the longest with about 517.5 metres length.
He, however, noted that there was the challenge of high-rise buildings along the path, which must be cut to maintain the RoW of the flyover, having given the property owners till Thursday, January, 16 (yesterday) to do the reduction themselves to avoid using the ministry’s tractors which could negatively impact the buildings.
On the payment of compensations to those affected by the demolition, the works commissioner said 95 per cent of the compensation had been paid already to affected landlords.
“Government has paid 95 per cent of compensation to property owners and they are complying with the process,” he said.
Corroborating the claims, the consultant in charge of compensation for demolished structures, Mr Emma Wike, said all affected landlords would be paid what is due them by the end of the week.
According to him, most of the claimants, we sent them letters and those that gave power of attorney to consultants, estate surveyors and valuers or lawyers, we also wrote to them and informed them this is where the payment is being held. They’ve been coming to collect their money; within the week, we are going to pay more and if we do that, it will be remaining less than 10 percent of those that have not collected their money.

 

Tonye Nria-Dappa

Print Friendly, PDF & Email
Continue Reading

Business

CBN Gets New Deputy Gov

Published

on

President Muhammadu Buhari has nominated Dr. Kingsley Obiora as Deputy Governor of the Central Bank of Nigeria (CBN).
If confirmed by the Senate, Dr. Obiora will replace Dr. Joseph Nnanna, who retires on February 2, 2020.
Special Adviser to the President on Media and Publicity, Femi Adesina, in a statement issued yesterday in Abuja, said the President has already forwarded a letter nominating Dr. Obiora to the President of the Senate, Ahmad Ibrahim Lawan.
“President Muhammadu Buhari has sent the name of Dr. Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria.
“In a letter to President of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.
“Dr. Obiora, upon confirmation by the Senate, replaces Dr. Joseph Nnanna, who retires on February 2, 2020.
“Dr. Obiora holds a Bachelor’s degree in Economics and Statistics from the University of Benin, a Masters in Economics from the University of Ibadan, and a Doctorate in Monetary and International Economics, also from the University of Ibadan.
“He is currently an Alternate Executive Director in the International Monetary Fund (IMF) in Washington DC, United States of America”, the statement said.
Since joining IMF as an Economist in 2007, Dr. Obiora has worked in various countries in Europe, Africa, and Asia.
While on leave from the IMF, he worked with the Nigerian government as Special Assistant to the President’s Chief Economic Adviser and Technical Adviser to the National Economic Management Team.

Print Friendly, PDF & Email
Continue Reading

Trending