Wednesday, 30 November 2016

Investors commit $4.5bn to Fertiliser Production

Investments in the production of fertiliser in Nigeria by foreign and indigenous investors in the last two years have grown to about $4.5bn (N1.373tn) despite the constraint in accessing the United States dollars, the African Fertiliser and Agribusiness Partnerships has said.


The AFAP, an independent non-profit organisation created by a partnership of African development agencies, disclosed this at the Nigeria Fertiliser Roadmap Stakeholders’ Consultation in Abuja on Monday.

The four-day forum, which ended on Monday, had in attendance senior officials of the Presidency, Federal Ministry of Agriculture and Rural Development, Deposit Money Banks, microfinance banks, multinational fertiliser production companies and international finance organisations, among others.

In his welcome address, which was made available to our correspondent, the President/Chief Executive Officer, AFAP, Mr. Jason Scarpone, described the growth in the fertiliser sub-sector of Nigeria’s agricultural value chain as an economic potential that had the capacity to reduce importation of food by the country.

Although he noted that fertiliser utilisation in Nigeria was still inadequate and significantly lower than what was obtainable in Kenya, the AFAP boss, however, stated that “in the midst of these challenges lies opportunities.

He added, “For despite the fall in oil prices, declining foreign exchange reserves and constrained availability of foreign currency in the last two to three years, the fertiliser sub-sector in Nigeria has attracted significant investments of about $4.5bn from the private sector.

“Notable among these investors include but not limited to Notore, Indorama and Dangote. Their respective investments have been the largest ever in the Nigerian agriculture sector.”

Scarpone noted that investments in the agricultural sector in the country remained a beacon of hope for the transformation of millions of rural communities and in stimulating broader economic growth.

“It is against the above background that, with funding from the Bill and Melinda Gates Foundation, AFAP commissioned a study of the impediments that constrain fertiliser market development in Nigeria with a view to developing strategies to address such constraints,” he added.

AFAP Consultant, Scott Wallace, told journalists that aside reviewing fertiliser impediments identified by the Bill and Melinda Gates Foundation, another objective of the meeting was “to solicit inputs from public and private stakeholders as means towards possible solutions to attend to the impediments.”

Nigeria to Get GM Beans in Commercial Quantity By 2019 – NABDA

The National Biotechnology Development Agency has said genetically modified beans will be available in commercial quantity across Nigerian markets by 2019.

There has been outcry against the genetically modified organisms across the world. The anti-GMO activists say the GM crops and animals would be injurious to human health. But GMO advocates are disputing this, saying it will only ensure food security.

But at the November edition of Open Forum on Agricultural Biotechnology (OFAB) in Abuja, the NABDA Director General, Prof Lucy Ogbadu, said Nigeria would soon witness abundant beans as the GM cowpeas (or beans) would be released into the market in large quantities in two or three years’ time.

He said cowpea, which is currently undergoing field trials, wouldn’t pose health risk to Nigerians.

“Rules are being followed in its production. Our Ethical Committee is working day and night to ensure that no rule is breached. Nigerians should be rest assured that the GM beans and other crops which will be available later in the country would be safe for consumption. In 2-3 years’ time, cowpea should be ready in commercial quantity in the country”, Prof Ogbadu said.

She dismissed “the insinuation” that GM foods are unhealthy; saying over 100 Nobel Laureates had signed a petition to guarantee its safety.

On the alleged production of plastic rice, the NABDA boss said there was no reason why that could be possible.

“We do not believe in the story of plastic rice production. One, producing rice from plastic would be very, very expensive and no business man would venture into it. Two, I have gone around and around and did not see any plastic rice in the markets or anywhere else. All the rice I saw did not look plastic.

“Some people, I believe, are only trying to scare away consumers of rice from certain rice brands,” she said.
According to the Professor of Microbiology, Nigerians should not panic as the plastic rice story was false.

Tuesday, 29 November 2016

BENUE WIDOWS EXCEL IN FARMING THROUGH GROUP SAVINGS.

Justina Ya’apera is a middle-aged widow in Anyiin, Logo LGA in Benue State and proud owner of 40 bags of soya beans, which could fetch her over N400, 000 given the current price of the produce at N12,000 per bag.
She produced the 40 bags from a loan of N10,000 she got through group savings and N20, 000 micro credit from Bank of Agriculture and Gboko Micro Finance Bank in a number of circles, which she has already paid.
The widow is a member of Akanawe women group in Anyiin with 100 members trained and mentored through the federal government and International Fund Agriculture Development (IFAD) Rural Finance Institution-Building Programme (RUFIN), which seeks to reach out to poor rural people.
The programme ensures that the rural poor gain access to financial services and can invest in improving productivity in agriculture and small businesses.
With group savings of N60,000 to N80,000 monthly, a member could get a soft credit to either expand her farm and/or undertake business depending on how much she saves.
Martha Aba’a is another member of the Akanawe (yam farmers’ women association). Her little monthly saving of N500 to N1,000 with the group, along with the micro credits she got through RUFIN linkages, was able to invest in yam production.
Today, “I harvest over 1,000 big tubers of yam from my farm,” she said.
In Ugba, a widow who gave her name as Mrs. Esther is a volunteer under the RUFIN programme. Esther’s job is to help other women to form groups with the aim of imbibing group savings and lending culture.
Her two years of helping women come together resulted in the formation of over 10 women groups, saving from the little they make from their farms and agro-enterprises. These groups lend to themselves depending on how much you save in the group, one could get loan facilities from N5,000 to N50,000.
Another widow, Mrs. Agara while telling her emotional story, recounted how life was miserable for her family before receiving the FG/IFAD capacity building on group formation and saving culture.
The widow has so far mobilised over 100 women into 15 groups in her ward helping them to save their widow’s mite and lending to each other. She told the IFAD supervision team that “I have expanded my soya beans and yam farms, and have now gone into selling cloths too.”
Some of the groups they help to form, like the Nongo Sisters and Kakuli women groups, made up of financially challenged women and widows are taking the lead in changing the economic situation around their families and learning how to empower themselves.
Mrs. Elizabeth Adam of the Nongo Sisters listed the group’s challenges to include more access to financial institutions in order to expand their production base.
As RUFIN winds up next year, the Central Bank (CBN) and International Fund Agriculture Development (IFAD) are already putting in place strategy to sustain rural financial inclusion for the poor smallholder farmers in states willing to key into the programme. NAN.

GOVERNOR UMAHI ORDERS CONFISCATION OF FOREIGN RICE IN EBONYI MARKETS, SHOPS.

The Ebonyi State Governor, Chief David Umahi on Monday ordered the confiscation of foreign Rice in different markets, shops and other selling points of the products in the state.
Governor Umahi had recently made the pronounced banning the sell of foreign rice in the State over what he described as the health dangers associated with Foreign rice.
The state governor who made the disclosure in Abakaliki, the Ebonyi State capital while performing the ground breaking ceremony of ultra modern Kpirikpiri market urged residents of the state to inform government of anyone bringing into the State and selling of the commodity into the state.
The governor insisted that for one to sell foreign rice in the land of Ebonyi, the person must ensure compliance with all due processes to certify it is not poisonous.
He said, “We have set up a Taskforce and directed them to confiscate foreign rice found in our market.
“The person should give us the certificate of the quality of the rice, you have to prove the import duties you paid for it, where you brought it from and you give us Standard Organization of Nigeria certificate to prove that the rice is not poisonous”.
Gov Umahi said foreign rice is poisonous, “some of these rice were stored for more then 20 years abroad before it would be smuggled into the country”.
“That is why we see cases of cancer, cases of kidney failure and all kinds of diseases that our people were not known for. So you are taking risk if you are selling foreign rice in the land of Ebonyi, “he added.
The governor who said Ebonyi government had enough rice and looking for distributors, advised people to register and become distributors of Ebonyi rice.
He promised to open up modern markets in all the thirteen local government areas of the state and assured that the kpirikpiri market when completed would compete with any other modern market in the country.
Governor Umahi during the ceremony also expressed displeasure with the high level of substandard projects in the ongoing School renovations across the 13 Local Government Areas of the State.
He stated that the State government would soon commence visit of all the project and would not hesitate to demolish any of the project that are viewed to be substandard adding that his administration would never compromise standard.
The noted that after the demolition, the contractor would also be prosecuted to serve as deterrent to others pointing out that all projects executed by his administration must have a lifespan of 50 years.
Meanwhile, the Special Adviser to the Governor on Trade and Investment, Mr. Peter Obah has ordered that all foreign rice in the State must be evacuated or moved out of the state within two weeks.
In a Press statement signed by him and made available to Leadership, the SA warned that no sells, buying or consumption of foreign rice in Ebonyi state would be allowed after 2 weeks.
‘’This is to safeguard the lives of the people who now consume unhealthy substances packaged as foreign rice to Africa in recent time.
‘’Action would commence to impound all foreign rice seen in the state within two weeks of this statement.” NAN.

MOVEMENT OF PERISHABLE ITEMS THROUGH RAIL TO BEGIN IN KADUNA.

The Kaduna State governor, Malam Nasir el-Rufai, will on Wednesday commission a new perishable produce railway logistics system at Dutsen Wai in Kubau Local Government Area of the state.
This new system, which is the result of partnership between Growth and Employment in States – Wholesale and Retail Trade (GEMS4) and Connect Rail Services Limited (CRSL), will see the transportation of fresh perishables, especially tomatoes using returnable plastic crates (RPCs) in temperature controlled rail cabins from the North to the southern part of the country.
This development, the organiser said, will not only improve the quality of tomatoes and other fresh perishables supplied from the North to the South but also increase income for small holder farms due to the reduction of post-harvest losses.
GEMS4 Group Intervention Manager, Mr Richard Ogundele said, “This is a national game changer that will lead to massive systemic changes, as the utilisation of Returnable Plastic Crates (RPCs) in the supply chain will ensure quality produce and increased incomes, hence sustaining the gains of early harvesting.”
He further said that “because the railway system being employed is state of the art, transit times will not only be less but traders will be able to transport more harvest in a produce-friendly environment thus getting more value for their efforts.”
In an MOU between GEMS4 and Connect Rail Services, it was agreed that both organisations shall collaborate in developing engagement strategies required to support the use of temperature controlled railway logistics services for the transportation of fresh tomatoes and other farm perishables from Northern to Southern Nigeria.
This flag off ceremony is expected to herald a new beginning in the agricultural landscape of the country as geographical divides shall no longer create constraints in the value chain.
Growth and Employment in States – Wholesale and Retail Trade (GEMS4) is an economic development project jointly funded by the World Bank and DFID/UKaid, which utilises the Making Markets Work for the Poor (M4P) approach by providing solutions to systemic constraints and the inclusion of small and micro enterprises into better functioning market systems.
The overarching goal is the creation of 10,000 new jobs and increased incomes for 500,000 poor people especially, women. GEMS4 is working with market actors, linking them and facilitating market incentives so they serve each other better. The project is also building local capacity for the supply end to meet the long-term needs of the demand side with benefits to the poor as target. NAN.

NEPC TARGETS $30BILLION FROM NON OIL EXPORTS

The Nigerian Export Promotion Council, NEPC, has expressed optimism that its Zero Oil Plan has the potential to boost earnings from non-oil sector to $30billion over the next five years.
Speaking during a visit to the Minister of Agriculture, Chief Audu Ogbeh in Abuja, the NEPC Executive Director/Chief Executive Officer, Mr Olusegun Awolowo, said the plan has identified 11 strategic products and sectors in other countries for Nigerian goods.
The NEPC Boss said if the plan is adhered to, the non-oil sector would possibly move from $2.7 billion it currently is to $30 billion.
“More recently, we have developed the Zero Oil Plan, in response to this administration’s charge that Nigeria must begin to look for new drivers of the economy,” Awolowo said.
“The plan is Nigeria’s strategic effort to build an economy that does not need oil to survive and can serve as a major flagship economic programme for the country.”
Meanwhile, the Council has urged Nigerians to embrace mushroom farming to boost the foreign exchange earnings of the country.
Speaking during a one day export workshop on mushroom development for export for growers in Osun State, the Trade Promotion Advisor at NEPC, Akure Office, Mr. Moruf Salami, said mushroom farming would promote the economic diversification agenda of the Federal Government and also boost food production.
He said:“The NEPC is organising this workshop to enlighten our business community on the rudiments of export trade for economic growth. Nigerians need to tap into the multimillion dollar mushroom business, there is a huge money in this business and Nigerians should explore the opportunities.
“The importance of non-oil sector to our national economy and its pivotal role in industrialisation especially in this period of dwindling oil revenue cannot be downplayed. The intention of this workshop is primarily to expose the farmers to modern ways of cultivating mushrooms to meet international standards thereby bringing out the distinct features of export business as opposed to domestic trade.
The Director of African Centre for Mushroom Research and Technological Innovations, Prof. John Okhuoya, said mushroom was in demand in the United States, Europe and Asia because of its health benefits.
He explained that African mushroom is sought after because it is being used to produce drugs, adding that it was being recommended for the treatment of ailments such as high blood pressure, diabetes, hypertension and others. NAN.

EXPORT OF AGRIC PRODUCTS NOW ENHANCES NIGERIAS REVENUE PROFILE.


Mr Zakari Nasiru, the Deputy Comptroller (Exports) at Tin Can Island, says export of agricultural products has now enhanced Nigeria’s revenue profile.
Nasiru told the News Agency of Nigeria (NAN) in Lagos on Friday that the Federal Government was making up revenues hitherto being lost due to Nigeria’s inability to export commodities overseas.
According to him, Nigeria loses a substantial revenue when most containers bringing imports into the country return to their original countries without carrying goods back.
‘‘The reason why the containers that came in with imports into Nigeria go back to their country of origin empty while the ones that carry goods from Nigeria out of the country to other countries come back with other goods into Nigeria is simple.’’
‘‘Nigeria used to be an import country, that is, we depend mostly on importation to the extent that most of our needs we import into this country.’’
‘‘But those (ships) that brought in these imported goods go out of this country empty because we have no commodities to take out.’’
‘‘The idea is because their containers are being hired.’’
‘‘When you import, it is not just the (FOB) Freight on Board value you pay, you pay the (CIF) Cost, Insurance and Freight.’’
‘‘That is the price of whatever you are bringing from the company before they bring it to the water side.’’
‘‘It is now that the present administration is encouraging exportation.’’
‘‘It is on the increase, a lot of things are being exported now, especially the agric products.’’
According to him, while Nigeria is discouraging importation, it is striving towards promoting a lot of exports.
NAN reports that Nigeria now exports more than 20 agricultural commodities to Europe, including cocoa butter, palm kernel oil , shrimps, snails, garlic, charcoal, gallstone , textile and garment, cashew nuts, rubber, sesame seeds, cassava flour, and honey. NAN.

Monday, 28 November 2016

Investment Opportunities in Garlic



Garlic is second most widely used amongst cultivated Alliums after onion. Its pungent smell could be very unpleasant when perceived fresh but when added to meals gives the meal a delightful fragrance.
Garlic is widely recognized today as a health enhancing supplement.


SOURCING
 
Garlic is grown commercially in FADAMA regions which includes Northern states like Kano, Kaduna, Kebbi, Sokoto, Jigawa, Bauchi, Katsina and Zamfara States. Its production is mainly around the savannah ecological zone where all factors of production are favourable.


PRODUCTION STATISTICS
 
The national production figure for garlic is 150, 000 metric tonnes. Sokoto State produces the highest quantity.


PLANTING SEASON
 
Garlic is planted under irrigation during dry season between the months of November to March


USES
 
Garlic is a common flavoring used in cooking. It serves as a food additive which prevents food poisoning.

It is used as a raw material in pharmaceutical industries. It is also used to produce supplements which have enteric coatings.


PRICING
 
The local price of garlic ranges from about N170,000 to N210,000/MT, depending on the location of purchase and the period during its season.


EXPORT MARKET
 
The United States is the world’s largest import market for fresh garlic, followed closely by Indonesia, France, Germany, Australia and Brazil.


HARVESTING
 
Garlic bulbs are harvested at optimum maturity period when the plants are eighteen (18) weeks old that is, four to five weeks after planting.


STORAGE
 
Garlic bulbs are stored individually with the tops removed. The bulbs are stored in an uncovered or loosely covered container in a cool, dry, dark place. The flavor will increase as the bulbs are dried.
Garlic can be stored in jute sacks, preferably in a mud house with thatched roof.


PROCESSING
 
The processing operations of Garlic particularly includes; Garlic grading, bulb breaking, clove separation, size reduction, peeling, clove flaking, dehydration, blending, packaging, storage, grinding etc.

It’s processing requires special skill and care, because it’s essential volatile oil is concentrated in epidermal cell, which is mainly responsible for its characteristic aroma.

The following products may be prepared from the processing of Garlic:
a. Garlic Flex
b. Garlic Powder
c. Garlic Tablet
d. Garlic Paste
e. Garlic Pickles
f. Garlic cloves
g. Garlic Digestive Churn etc.


MARKETING
 
The market for the Nigerian garlic is widely spread and is the bulk of households, restaurants, eateries, caterers, and clubs use it regularly. The demand for the processed products is increasing day by day due to its convenience to handle and use. There are good export prospects as well.


INVESTMENT SUMMARY
Production
Processing
Export
Storage
Marketing

Xmas: A Case For Nigerians To Buy Local Rice



Nigeria is the Africa’s leading consumer of rice and one of the largest rice importers in the world. Statistics had shown that Nigeria imports about 3 million metric tons of rice annually.

But, since the government restricted importation of rice from the border point to seaports, smuggling of rice into the country has increased astronomically with an estimated 1 million metric tons (20 million 50KG Bags of rice) suspected to enter the country illegally through its porous borders on an annual basis.

According to statistics, the three million metric tons of rice consumed yearly amounted to about 60 million 50kg bags of rice that are legally imported while over 800 million metric tons are smuggled into the country.

Nigeria spent N630 billion, or about $3.8 billion, to import agricultural products in 2012. In 2011, Nigeria was the world’s second biggest importer of rice, bringing in about 2.5 million tons of rice.

But, early 2013, in an effort to regain food self-sufficiency, the government increased the tax on imported rice from 50 to 110 percent, a 60 percent hike. The tax was meant to encourage locally produced and processed rice and wean the country off imported rice but it rather encouraged smuggling and loss of revenue to government as major rice exporters from South and Southeast Asia in other to evade huge tax began diverting shipments to Nigeria’s neighbouring countries—namely Benin Republic to the west and Cameroon to the east—whose governments suddenly began earning millions of dollars in duties.

Since it was practically nearly impossible for domestic rice producers to build the level of capacity required to mill and process enough rice in time to have a significant effect on the market, smuggling especially of rice that has passed its shelf life become order of the day for rice importers and vendors in the country.


Shelf life of polished Rice

Smuggled white rice isn’t believed to be good for consumption because it has a storage life of 8-10 years at a stable temperature of 70 degrees Fahrenheit. Sadly enough, most of the smuggled rice has used over 10 years in the silos of the developed countries before being shipped into Nigeria for consumption.


Customs raised the alarm on influx of Expired rice into Nigeria

The Comptroller-General of Customs, Col. Hameed Ali (rtd), recently said 99 per cent of rice smuggled through the land borders are not fit for human consumption.
He said samples of some of the rice seizures made over a period were referred to NAFDAC to ascertain their condition but were certified that rice smuggled through the borders was unfit for human consumption.

Corroborating the Customs CG, the Customs Area Controller, Oyo/Oshun Command, Comptroller Tope Ogunkua warned that expired rice flood Nigeria markets.

He said the consuming public should be vigilant when they want to purchase rice in the market to ensure that they do not consume expired rice.

According to Ogunkua, the command has continued to discover so many bags of expired rice out of the many lorry loads of the commodity which it has impounded saying that it was an indication that the smugglers have continued in their attempts to bring expired rice into Nigeria.

He said “despite the policy banning importation of rice through the border, people still bring in the rice through the borders. In fact the number of importers trying to do so has increased now and that is why we have so many lorry loads of rice in our compound while there are still some in the Barracks. We are also battling them very well and that is why we are able to make all these seizures”.

He explained that consumers need to continue to be extremely careful when they go to buy rice especially as we move into the festivity period; they must ensure they inspect the rice they want to purchase very well, whether they want to buy in bags or out of the ones that have been poured into the basins to be retailed.


Why Customs placed ban on polished rice through the land borders

The Customs had said it played ban on rice through the land borders in order to exercise control over what Nigeria consumed.

According to a former Comptroller, Federal Operations Unit, FOU A of the Nigeria Customs Service, Mohammed Dahiru, rice was banned through the land borders by the Federal government in other to control what should be brought into the country.

He said the FOU A has done enough to curb smuggling if rice through the land border.

“I believe we have been able to achieve greater percentage of suppressing smuggling and if somebody is to be objective and be fair to customs FOU A, I believe it will be a pass mark because what is in the FOU A warehouse both open and other warehouse is good testimony that FOU is working. It is full to the brim for rice.


Ingenious ways polished rice is smuggled into Nigeria

Smugglers of rice are said to have device ingenious way of carrying out their illegal activities as according to a source, the smugglers often package the rice in a disguise form to make it look like other goods that were not outlawed.
“We have seen rice conveyed in open wooden canoes across our creeks and water ways with generous amount of dirty waters splashing on them. We have seen some mixed with other grains bags to deceive customs; some are stuffed inside any available crevice and compartments of vehicles, including the engine area.
“The concealed rice is thereafter re-bagged half cooked and presented in our markets for sale as imported rice. Bags of rice meant for Nigerians’ consumption is being conveyed in coffins inside make shift ambulance vehicles. Often time, importers in the borders have to wait for months for the green light from corrupt customs officials before they gamble their ways across the borders.
“Rice being a perishable product, lose valuable shelve life in non-conductive strong conditions. We have strong evidence linking some reputable importers to cases of re-bagging expired rice to prolong their shelve life,’’ he added


How to identify expired polished rice

Since rice has an indefinite shelf life if kept dry, it is hard to tell if it has gone bad. One thing to watch for is the presence of the rice weevil, a tiny reddish-brown bug. If you see these moving in your product, you should discard the entire container and disinfect the container and the surrounding shelves.

Expired brown rice, on the other hand, is easier to spot. Brown rice may become oily and give off a rancid odour because of its essential fatty acids that go bad as they oxidize.

According to www.oureverdaylife.com, an online site, rice may be described as expired if the bran oil has started to go rancid, the smell will be obvious – dank and musty, with a nose-crinkling sharpness. There are also visible signs of deterioration. The rice grains may look discoloured and oily. The grains may even start to stick together in clumps. Depending on the degree of moisture the rice has been exposed to, there may be visible mould.

But, a rice vendor at Sango Market, Chukwudi Nonso said the easiest way to identify expired rice is by firstly rubbing in between palms. He said if it successfully turns into dust then the cereal has expired.

He also noted that another way to identify a rice that has passed it’s shelve life is when it refused to sink when poured into water he said instead of the rise to sink inside the water, a substantial amount would be seen floating on the water.” Nonso said.


Implications of eating expired polished rice

Though some expiry dates relate to product taste, in some cases eating expired rice triggers food poisoning. Symptoms and health effects vary depending on the type of poisoning.

However, common signs include cramping in the stomach area, frequent vomiting, fever, dizziness, dehydration and persistent diarrhoea. The symptoms may last a few hours, days or weeks depending on the severity of the condition. Rice stored past its use-by date in poor conditions can even become contaminated with the serious bacterial infections salmonella or listeria.

One obvious sign of rice well past its expiry date is the growth of mould. Mold includes several types of fungi. Their spores land on the food from the air and start to grow. Some moulds produce toxic substances as they develop. Mycotoxins can cause itchiness, nausea, dizziness and sometimes headaches.


Why Nigerians should patronize Local rice against polished rice

Now that an alarm over safety of foreign rice has been raised, it is high time Nigerians embraced local rice especially because of its health benefits.

It was established that reason many people prefer the polished rice to the locally-made unpolished rice in Nigeria is the stress they go through in picking the latter before cooking it, compared to the polished rice which is very clean and ready for boiling and also can be cooked in less than 20 minutes compared to the unpolished rice.

But then, local rice is self-preserving and one of the foods that add value to the lives of health conscious people including those who are diabetics.

According to an expert, Osaretin Albert, both the white and brown rice contain similar amounts of energy, carbohydrates and protein. Local rice however contains higher amounts of vitamins and minerals; the cellulose of local rice not only increases the fibre content but also contains a variety of colour pigments that is beneficial for health.

Local rice variety contains higher proteins at raw cooked and soaked states as compared to imported rice. It was also found that local rice contains rough surface and more phosphorous and fibre which help in the reduction of the risk of bowel disorder, fight constipation among others.


Smuggled rice are substandard – NAFDAC

The National Agency for Food Drug Administration and Control (NAFDAC) warned that rice smuggled into through the land borders are substandard.

The Acting Director-General, NAFDAC, Yetunde Oni said that records showed that rice imported through the seaports were registered as good quality as pronounced by satisfactory reports from NAFDAC laboratories while those smuggled through the land borders were unregistered and largely substandard.

She said, “NAFDAC is poised to joining hands with Customs to increase surveillance and monitoring activities at all border posts to curb the menace of rice smuggling through the land borders.“

Agro Commodities To Invest In This Dry Season

  1. GINGER
The Nigerian ginger is highly sought for. The demand for ginger in Nigeria outweighs its production. It is a seasonal Agro commodity that has a wide range of domestic and commercial value and uses.
You can trade your ginger locally and it is also highly sought for in the international market, hence its export value. Most importantly you can go ahead to add value in the raw ginger by processing into other ginger products. Ginger is found in abundance in Kaduna State.

2. SOY BEANS.

Nigeria’s current demand for Soybean outweighs its current production.
It is highly sought for in the animal feed industry and also of high demand in the local market for its high nutritional benefit and domestic use. Soybean is also abundant in Kaduna and other parts of Northern Nigeria.

3. GARLIC.

Garlic is a sure money spinner with huge opportunities for the local and international (export) market.

4. RAW CASHEW NUTS.

Raw Cashew Nuts (RCN) is a money spinner. You can invest in Raw Cashew nuts for either local trade or export depending on your capital. Also Raw Cashew Nuts can be processed into the highly sought for Cashew kernels with high domestic and international demand.

5. PALM OIL

With the high demand of the commodity in Nigeria Palm Oil is a sure money spinner for any agro commodities investor. Potential investors should enter the palm oil business during the dry season, when prices are relatively cheaper and supply abundant.

6. Palm Kernel

 Palm Kernel is a by product of the Oil Palm, specifically the palm fruit. It is highly sought after commodity due to its widely used Palm Kernel Oil (PKO), which is in high demand by industries and manufacturing sector

7. Palm Kernel Oil (PKO)

I call it “the new oil”. It is gotten from the Palm Kernel. Also a money spinner for knowledgeable and well informed investors and start ups.
Others include cocoa seeds, sesame seed, and hibiscus(Zobo) leaves etc.