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Sterling Bank Partners StearsData to Publish Agric Industry Report 2021

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Sterling Bank Partners StearsData to Publish Agric Industry Report 2021Sterling-Bank

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Sterling Bank Plc, in partnership with StearsData, has released an in-depth report for the agriculture sector in Nigeria. The report titled Agriculture Industry Report 2021 provides the most up-to-date view of the challenges and opportunities in Nigeria’s agriculture sector in a COVID-19 era.

The four-part report critically examines the country’s agriculture value chain state, state of affairs post-COVID-19, the climate change challenge and opportunities for innovations and investments.

Bukola Awosanya, Group Head of Agric Finance and Solid Mineral at Sterling Bank, said the industry report empowers players in the agriculture sector with a navigation roadmap. And affirms Sterling Bank’s commitment to de-risking and making the domestic agriculture value chain more viable for commercial lending.

“The goal of the report is to help investors and operators understand the challenges facing the sector, consider recommendations by experts, and become aware of relevant opportunities, both now and in the future. It would empower them to support policymakers to craft policies that would create the enabling environment that the sector needs to thrive,” Awosanya informs.

According to the agric finance expert, the industry report is a continuum of the bank’s annual Agriculture Summit Africa (ASA) held for three consecutive years since 2018. It supports the bank’s goal of creating a pathway for lending to farmers and other value chain players without intervention funds, making it possible for the federal government to free up funds allocated to subsidising the sector to other industries.

She disclosed that the first part of the report provided an overview of the agricultural value chain and analysed some of the conditions that led to the sector’s underdeveloped state.

While the second part reviewed the impact of the COVID-19 pandemic on the country’s agriculture sector, response to the pandemic, and lessons learnt from other countries on the need to build a more resilient agricultural sector.

The third part explored how climate change impacts the sector, highlighting ways stakeholders can overcome the challenge. And the fourth part of the report explored opportunities for innovation and investments and how recent innovation is transforming the industry.

Michael Famoroti, Chief Economist at Stears, said the Agriculture Industry Report 2021 provides insights and actionable recommendations for future-proofing the sector from severe disruptions such as the COVID-19 pandemic. He added that the recommendations are essential for all stakeholders and a valuable resource for building a resilient and commercially viable industry.

In the main, the Agriculture Industry Report 2021 powered by Sterling Bank and StearsData shows that Nigeria’s agricultural sector is operating below its potential, “even by its standards.” It identified the inefficiencies that slowed and crippled the growth of the sector.

The industry report indicated that continued reliance on trade restrictions as a primary tool for stimulating local production would lead to greater market instability. It will undermine supply and expose consumers to significant price fluctuations, making food security elusive as population growth puts more pressure on food resources.

COVID-19 and its attendant shock, according to the report, makes an agricultural sector that is more resilient to shocks an imperative. More importantly, the effects of climate change which continue to pose a real long-term threat.

It, therefore, advocated improved production methods that are more efficient and sustainable, investing in large scale storage so that national reserves are sufficient in times of crisis or implementing a public sector framework such that issues that concern the sector can be assessed by the appropriate bodies and a coordinated response is pushed out in a timely manner.

The Agriculture Industry Report 2021 also advised policymakers to protect the blossoming innovation ecosystem in the sector with consistent policies and collaborate to foster growth. It suggested a value chain approach so critical links are not ignored when designing solutions for the sector.

It said, “As Nigeria inches out of another recession, there is no better time to take steps that support its resolute claims that the performance of its agriculture sector is key to its long-term growth.”

StearsData is a data collection, analytics, and data access division of Stears, a digital information company. Agriculture, on the other hand, is one of the five sectors of the economy that Sterling Bank focuses on as part of its effort to accelerate industrialisation and reduce poverty through sectors that impact the quality of life of millions of Nigerians. The other sectors are health, education, renewable energy, and transportation.

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Agriculture

ISDB/ LLF FUNDED PROJECT SUPPORTS DAIRY VALUE CHAIN IN NIGERIA WITH N4 BILLION MILK COLLECTION CENTERS

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

kano State Agro-Pastoral Development Project, KSADP, funded by the Islamic development Bank and the Lives and Livelihood Fund, LLF, has awarded contracts worth the sum of N3, 962, 457, 126.12, for construction of 60 Milk Collection Centers across Kano State.


The contracts, in four lots, were awarded to four indigenous companies with a completion period of 12 months for each project.


Each Milk Collection Center will have a borehole equipped with a solar-powered pump and a 20,000-litre overhead tank; an inputs (feed, drugs) store managed by a community appointee and up to 10 fodder banks in its environs.


In addition, every MCC will have a 250-litre tank cooled by solar power and a milk testing bench with appropriate reagents/equipment as well as provision of milk collection cans.


Shortly after awarding the contracts, supervised by the Kano State Ministry of Justice, the State Project Coordinator, Kano State Agro-Pastoral Development Project, Malam Ibrahim Garba Muhammad, stated that “the investment is unprecedented in Nigeria and will bridge the gap between pastoralists and the dairy industry”.


“One of the major problems of the dairy industry is supply inadequacy and poor quality of the milk. This MCC project therefore, aims to ensure provision of quality and safe milk, by putting in place a cold chain. This will guarantee regular sales and income for the pastoralists”, he stated.


Malam Ibrahim charged the companies awarded the contracts to execute durable projects within the agreed time frame, to justify the confidence reposed in them.


It could be recalled that in September, 2022, Kano State Agro-Pastoral Development Project awarded contract for construction of 40 Milk Collection Centers in Kano, as part of moves to take maximum advantage of the stated potential

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Agriculture

IsBD AWARDS N1.87 BILLION CONTRACTS FOR SLAUGHTER HOUSES, CATTLE MARKETS IN KANO

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AJAGBE ADEYEMI TESLIM

Sponsored by: H&H

Determined to mitigate public health risks, Kano state Agro-Pastoral Development Project, KSADP, has awarded contracts in the sum of N1, 549, 000, 000 for the improvement of 20 public slaughterhouses (abattoirs) in Kano State.


The slaughter houses are in Rano, Gwarzo, Dambatta, Kiru, Doguwa, Wudil, Bebeji, Karaye, Tudun Wada, Gabasawa, Gaya, Gezawa, Kunchi, Kabo, Kura, Dawakin Tofa, Bichi, Shanono, Takai and Sumaila local government areas.


In his remarks shortly after awarding the contracts, the State Project Coordinator, KSADP, Malam Ibrahim Garba Muhammad said the project decided to invest in the upgrade of the slaughterhouses “because the current state and working conditions in slaughterhouses in Kano is at variance with international best practices”.


“They are in a state of deplorable slaughtering and processing facilities, inadequate clean water supplies, no refrigerators and lack of facilities for the collection, storage and disposal of waste”.


“These put together impact the quality of meat, affect the safety of workers in the slaughter houses, endanger the environment and generally put public health at a very serious risk”.


Malam Ibrahim expressed concern that current facilities and practices in the slaughterhouses have the potential to amplify occupational exposure to diseases or injury and while unwholesome meat finds its way to peoples’ homes, thereby exposing the population to diseases and even epidemics.


He further announced that the KSADP, financed by the Islamic Development Bank and the Lives and Livelihood Funds, has awarded contracts worth N326 million for upgrading of five Cattle markets at Dumbulum, Wudil, Dambatta, Gwarzo and Falgore.


The work involves provision of loading and off-loading ramps, watering facilities, office space for market information, security services, veterinary services, lighting for trade and security at night as well as toilet facilities.
Currently, all five cattle markets lack basic facilities for humane treatment of livestock on arrival (off loading), while in the market and during reloading.

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Agriculture

KANO AGRO-PASTORAL DEVELOPMENT PROJECT AWARDS N6 BILLION IRRIGATION DEVELOPMENT, MILK COLLECTION CENTERS CONTRACTS

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AJAGBE ADEYEMI TESLIM

Sponsored by: H&H


K
ano State Agro-Pastoral Development Project, KSADP, announced on Friday, the award of contracts totaling N6,036,334,688. 66, for projects across several local government areas of the state.


The projects include development of a total of 1,006 hectares irrigation structures (at sectors 9-14) at Watari irrigation scheme, Bagwai local government area and the construction of 40 Milk Collection Centers at different locations, spreading across 15 local government areas of the state.


The Watari infrastructure projects will cost the sum of N4,539,501, 897.08 while the 40 Milk Collection Centers will be constructed at the total cost of N1,496,832,791.58.


Funding for the interventions will be provided by the Islamic Development Bank and the Lives and Livelihoods Fund, LLF, as part of a broad vision to enhance agricultural productivity, ensure food and nutrition security as well as improving income generation for small-holder farmers and herdsmen.


The projects, awarded to eight, separate indigenous contractors, will begin in September, 2022 and completed by September-December, 2023.


The investment is predicted to impact thousands of farmers and pastoralists, thus, revitalizing the economy of Kano.


Speaking shortly after signing the contracts, coordinated by the Kano State Ministry of Justice, the State Project Coordinator, KSADP, Ibrahim Garba Muhammad said the occasion was a significant step towards revamping agriculture in the state.


“These interventions, which will soon be followed by other activities, will surely bring about change in the agricultural fortunes of Kano and will lift a significant number of our people out of poverty”.


He, therefore, urged the contractors to see the projects as service to humanity, stressing they are expected to abide by all the contractual guidelines in order to deliver value for money.


Also commenting, the Managing Director, Kano State Rural Development Authority, KNARDA, the executing agency of KSADP, Dr. Junaidu Yakubu Muhammad, warned the contractors that a strong monitoring mechanism has been put in place to supervise their work, adding that any one of them found wanting would be sanctioned according to the stipulated regulations.

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