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Agriculture

Nigeria Spends N116bn On Palm Oil Importation

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Notwithstanding the high exchange rate and its price, Nigeria has imported 450,000 tons of crude palm oil valued at N116.3billion ($323.1 million) since the beginning of the year.
The shipment was increased by 12 per cent as global price hit $718 per metric ton.
The price of the commodity, which was $663 per metric ton in July, was increased to $718  per ton this month (November) based on  high demand  by indigenous manufacturers.
The country domestic production currently stands at 970,000 metric tons, while demand is 2.7million tons, leaving a deficit of 1.73million.
Findings from the Nigerian Ports Authority (NPA) revealed that Apapa Bulk Terminal Limited (ABTL) at Lagos Port Complex took delivery of 4,000 tons from Lady Dahlia in the first week of this month, while Hamour Endurance is still jostling for a berthing space to discharge about 5,000 tons  at JosepDam terminal, Tincan  Island Port, Lagos.
In August this year, three vessels berthed at the Lagos Port Complex and Tincan with 32, 483 tons of the essential commodity.
At ABTL were GSW Forward and Marios G ships, laden with 16,300 tons and  11,483 tons respectively. Another ship Theresa Success, investigation showed, has also offloaded 5, 000 tons of the product at JosepDam terminal in Lagos.
Findings also revealed that between January and April this year, 50,010 tons of the commodity was shipped to the country.
For instance, according to investigation at the Lagos Port, SeaPrice ship discharged 15,000 tons in January; Chemtrans Havel ship, 10,700 tons in February; Star Ploeg ship, 16,400 tons in  March and   Mid Nature ship, 8,000 tons in April this year.
Following the surge and high demand for palm oil by Nigeria and Ghana this year, a shipping line, CMA CGM in August this year, imposed a new cargo protection service for shipments of the commodity into the country.
The protection service attracted an automatic prepaid surcharge of $10 per container.
It would be recalled that the shipping line noted that the surcharge was a new tailor-made cargo protection service for palm oil shipments exported from Indonesia and Malaysia.
However, the company said all palm oil exporters would be compensated with up to $10,000 in the event of loss or damage of cargo during transportation.
It added that export from Indonesia and Malaysia ports to other Africa countries would attract a prepaid surcharge of $10 per 20 feet container and $10 per 40 feet container.
Nigeria was the largest producer of palm oil in the world with a market share of 43per cent in the 1960s. But currently, it has a world share of 2.9 per cent, with Indonesia leading by 33million metric tonnes, Malaysia, 19.8million metric tonnes; Thailand, 2million; Colombia, 1.108million metric tons and Nigeria, 970,000 metric tonnes.

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Agriculture

Ex-Adamawa Gov Commissions Solar-Powered Dairy Factory 

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Sebore International Farms, an agricultural enterprise established by former Adamawa Governor, Murtala Nyako, has commissioned a new dairy factory.
The factory, which turns out different varieties of Admiral’A Youghurt from milk sourced mainly from independent cattle breeders, is said to be the largest in Nigeria.
Speaking at the event in Mayo-Belwa, an agrarian community south of the state capital, Yola, Nyako thanked God for sparing his life to behold the dairy factory 40 years after he established the parent Sebore Farms.
“I indeed feel grateful that at the sunset of my life, I have seen the sunrise of another generation that will take Sebore to greater heights. I thank my son Aminu Nyako for his vision regarding the development of Sebore Export Processing Zone with his diary project,” Nyako said.
While Nyako established the Sebore Farms in 1982 in his home town, Mayo-Belwa, the Admiral’A Youghurt Factory, located within the 15,000 hectare farm complex and commissioned towards the weekend, is the brainchild of one of his sons, Aminu.
Aminu, who is the Managing Director and Chief Executive Officer of the Sebore International Farms, said the birth of the diary firm marked the beginning of a dream to contribute meaningfully to a desire of the Central Bank of Nigeria (CBN) to end importation of diary products.
He said the yoghurt producing initiative marks a fresh turning point in the life of Sebore Farms which once exported Admiral’A mangos to Europe and the Middle East.

Giving the history of the newly commissioned dairy factory, Aminu said: “Three years ago, we did a survey and found 2.1 million cattle are resident in Adamwa. That is massive potential. To harness this great potential, two things had to be in place: Power and Processing.

“To address this gap, the Central Bank through our bank, Providus Bank allowed us to access facilities that has birthed what you see today.”

CBN Governor Godwin Emefiele confirmed that in a move against importation of dairy products, the apex bank supported the project.

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Agriculture

Farmer Accuses Police Of Invasion, Alleges N5.5m Theft

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A 45-year-old farmer, Mutiu Adeeyo, from Iso-Isu, Osun State, has accused the police in the state of unlawful invasion and destruction of his property.
Adeeyo, also alleged that a sum of N5.5million went missing from his wardrobe after the attack on July 19.
While narrating the incident to our The Tide’s source, the farmer said the policemen stormed his home around 11pm.
“My wife, children, and my brother’s wives and children were all sleeping that night when we heard people kicking the gate. I was traumatised because I knew the security situation of the country.
“They scaled the fence when we did not open the gate. They went to the main and back doors and started shouting that we should open the doors.
“When we did not answer, they broke the doors open and asked where I was. The women said I was not at home. They started breaking every door to look for me.
They didn’t stop despite the women protesting that they were not covered. When they noticed the room I was, they broke in and arrested me at gunpoint. I was handcuffed and taken into their van”, he narrated.
The farmer said he had a land dispute with some of the people who accompanied the policemen.
“But we had settled it and followed what the law says. When they were bringing me out, some men went into my wardrobe and took a polythene bag containing N5.5million,” he added.
Adeeyo, said he was taken to the Pere Police Station, Ede, and detained till the following day.
He said he was later taken to court, where he was accused of destroying the fence of a building on the disputed land at Kajola.
He said the court, discovering that there was a similar case which the Zone 11 Police Command had filed on his behalf, adjourned the matter and allowed him to leave.
“If the police called to see me, I would have answered them because I didn’t commit any crime,” he stated.
His wife, Shakirah Adeeyo, also confirmed the incident to our correspondent.
A member of the legal team representing the farmer, Azeez Zakariyau, told The Tide’s source that it was the second time the police would detain Adeeyo.
“When the police went to his house the first time, enquiries were ongoing when we filed a petition at the Zone 11 police headquarters at Osogbo.
“They investigated and discovered that he was not at fault. Then the Zone 11 Police Command charged some suspected land grabbers to court for malicious damage.
“Then, they went to arrest him again on July 19. Our team has filed a petition against the entry and disappearance of the money,” he added.
The petition, dated July 29, was signed by one Alfred Adegoke, and addressed to the Inspector-General of Police, Usman Baba.

Adegoke alleged that the police team stole N5.5m from the farmer and demanded an investigation into the incident.

A police source, however, denied that any money was taken by the team, adding that Mutiu was arrested for malicious damage.

The state Police Public Relations Officer, SP Yemisi Opalola, said she was not aware of the matter.

She promised to get back to our correspondent but had yet to do so as of the time of filing this report.
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Agriculture

SMEs Can Tap Export Opportunities – Expert

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An expert, Kola Awe, has advised small- and medium-scale enterprises to leverage Nigeria’s economic opportunities by exporting their products.
Speaking at a one-day seminar, midweek, held in Abeokuta, organised by the Nigerian Export Promotion Council (NEPC), in conjunction with the Ogun State Chamber of Commerce, Industry, Mines and  Agriculture, Awe noted that SME operators were at advantage.
In his keynote speech, Awe, who’s the Managing Director/CEO of XPT Logistics International Limited, noted that there were various platforms through which small businesses could penetrate international markets.
The former chairman of NACCIMA Export Group added that if Nigeria diversified  her economy, it would favour small businesses in export.
“Basically, the trade fair is one of the platforms that SMEs can use to showcase their goods, and it is very instrumental to the development as marketing strategy for SMEs because of the attractions and the varieties of products that come with trade fairs”, he said.

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