Business
OPS Forms Group To Advance Transformation Gains
To consolidate on the
gains of the Agricultural Transformation Agenda, the Minister of Agriculture and Rural Development Dr Akinwumi Adesina, last Monday inaugurated the Nigeria Agribusiness Executive Leadership Group, an organised private sector body.
The group comprises about 20 foremost Nigerian agribusiness companies including Dansa Foods, Okomu Oil, Chi Group, Cresta Group, Datti Fish, Olam and Wilbahi among others.
Addressing senior journalists in Abuja, Adesina said that the government had recognised the need for the emergence of such a group, to drive the ongoing regulatory and policy reforms in the spirit of the public-private sector synergy.
According to him, “the group will help to ensure that the ongoing reforms of the agriculture sector are protected and sustained.
“The Nigeria Agribusiness Group is a high-powered organised private sector group comprising of all value chain stakeholders from input suppliers to aggregators, food processors, marketers and consumers.
“They will work closely with the government to improve further the business environment of agriculture.”
Adesina listed the concrete achievements of the agricultural transformation programme to include the registration of 6.4 million farmers.
These farmers, he said had received fertiliser and seeds allocation via their mobile phones through the electronic system known as the e-wallet, the first of its kind in Arica.
He said that through the innovative system, fertiliser fraud which characterised the previous government subsidy regime, had been eliminated while enhancing the food security of 30 million rural farm households.
Furthermore, he said that seed companies had expanded from 11 to 77 and 3,000 small and medium agribusinesses in the input supply chain established.
“Local fertiliser manufacturing and blending capacity has significantly expanded with five billion dollars in new investments.
“We have received a total of over four billion dollars in executed Letters of Intent (LOIs) for investments by 30 private sector agribusinesses. We have established relationships with over 150 agribusinesses in Nigeria.”
In spite of these achievements, the minister listed critical challenges impacting on the agriculture sector as revealed by an independent survey to include infrastructure, financing, supply security and government regulations, tax and policies.
Others are human capital, security, security, and government coordination.
He said that the establishment of Staple Crops Processing Zones would help address the infrastructure gap and add N1.4 million to the GDP as well as create 250,000 jobs across the country.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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