TRADE AND INVEST IN THE NIGERIA CASHEW SECTOR SESSION

The Nigeria Agribusiness Register in collaboration with World Cashew Convention and Exhibition cordially invites you to a special presentation session: TRADE AND INVEST IN THE NIGERIA CASHEW SECTOR on:

Friday, 14th February, 2020.

Venue: Abidjan, Côte d’Ivoire

January 30, 2020 / by / in ,
AgNet to increase Nigeria’s share of world’s $3.5bn shea butter market

The Nigeria Agribusiness Register, through its monthly Agribusiness Networking (AgNet) events, is facilitating investments into Nigeria that will help the country gain control of a greater share of the world’s shea butter market.

According to Transparency Market Research, the global shea butter market is expected to reach a market value of US$ 3.5 billion by the end of 2028, with an expected CAGR of 5.2% over the forecast period.

 

A Global Shea Alliance (GSA) briefing of the 6th International Shea Industry Conference revealed that Nigeria’s largely untapped Shea Market can yield $2 billion annually while having a great impact on poverty eradication within the country.

The June edition of AgNet with the theme “Optimizing the Nigerian Shea Industry for Global Relevance” will hold on the 20th day of the month and will focus on the shea value chain in Nigeria.

AgNet is an investment facilitation platform for Commodity Development Initiative (CDI). Working with public and private sector partners, as much as US$ 30-40 million is expected to be facilitated by CDI in the coming months to support the follow-upgrowth of the Shea sector in Nigeria. A key expected outcome of the event is to identify actionable measures to optimise Nigeria’s potential to enter the international shea butter trade in a significant way.

 

 

According to Roland Oroh, who is the Founder and Managing Director of CDI, “we look forward to the June 20th AgNet event and the follow up actions from us and our partners to support the shea industry realize its potential.

 

According to estimates by the Global Shea Alliance, Nigeria has the largest number of shea trees from nearly 2 billion of the trees found on natural parklands in 21 African countries. This means that the country hosts over 60% of the number of shea trees, but has failed to harness its full potential to enter the global market.

 

In contrast, Ghana, through the Ghana Nuts Company, sells shea butter products in the international market, yet it has less than 20% of the number of shea nuts that Nigeria produces.

 

This skewed market scenario is expected to change soon, as the June edition of AgNet will focus on the shea industry and how to facilitate additional investments into the sector. This event will also provide some groundwork to support the CBN and the Bankers Committee’s decision to lend at single digit to the shea, cashew and cocoa industries by setting aside N200 billion.

 

Mr. Aaron Audu, who is the Managing Director of Global Shea Alliance (GSA), said “this is Nigeria’s opportunity as the global Shea Industry would like to see Nigeria take its rightful place in terms of having a well-structured industry ready to compete and eventually control  its own share of the global shea butter market.”

 

Niger state has the largest number of shea trees in the country. In preparation for the event, the CDI team made an assessment visit to the Talba Shea Butter Village – a community assisted project- operated by the Alheri Women Cooperative along the Minna –Zungeru road in Bosso Local Government Area of Niger State.

 

The Shea Production Village (SPV) is considered a critical component of any developmental strategy to put the Nigerian shea butter products in the global shea trade cycle.

 

The Niger State Government is supporting the AgNet event as part of measures to attract foreign and local investors to establish modern shea processing facilitates in the state. The Wife of the Governor has confirmed her participation as a Special Guest for the event.

 

Niger State is ready to take its place not only in the local shea industry but in the global industry. We are open to local and foreign investors setting up modern processing facilities to take advantage of the large stock of shea trees in the state”, says Barrister Zainab Gogo Halilu, Director General, Niger State Commodity and Export Promotion Agency.

 

The key factors driving the growth of the shea butter market include the growing demand for cocoa butter alternatives in chocolate and confectioneries, increasing consumption of chocolate and bakery products, the rise of product premiumization in the food and beverages industry, and soaring shea butter consumption by cosmetics and personal care product manufacturers.

 

The CDI team had previously paid a courtesy visit to the Wife of the Niger State Governor, Dr. Amina Bello, with discussions held on the development imperative of the shea sector. They also deliberated on the need for community focussed advocacy to support planned measures, such as addressing the indiscriminate felling of shea trees for fire wood in the natural parklands and forests in the state.

June 14, 2019 / by / in
Access Agriculture: 2019 Young Entrepreneur Challenge Fund
Deadline: 21 March 2019
Access Agriculture is inviting applicants for its 2019 Young Entrepreneur Challenge Fund to propose innovative ideas to make a business, or expand their existing business, around the dissemination of agricultural videos.
Access Agriculture is a non-profit organisation that supports the distribution of quality training videos to share practical knowledge on farming and food processing across the global South. Farmers in Latin America, Africa and Asia can learn from their peers on other continents.
The most inspiring and promising young entrepreneurs will receive a Digisoft smart projector. This projector has an in-built computer and contains the entire Access Agriculture library with over 200 videos in more than 75 international and local languages. The smart projector comes with a battery and a portable solar panel, so videos can be shown without the internet or electricity.
By building on the ICT skills and networks of young men and women, they believe they can better train farmers and make agriculture more attractive to youth and reach more women.
Benefits
Access Agriculture will provide the applicant with a smart projector on loan for 18 months, after which the projector will become applicants. Access Agriculture will cover the shipment cost and customs duty. Access Agriculture will provide applicants with advice on the smart projector use and on their business plan. Access Agriculture will also link applicants to other young entrepreneurs to allow applicants to share experiences and strengthen or diversify their business plan.
Eligibility Criteria
  • One person or teams of up to 4 young people can submit a proposal
  • Age: younger than 30 years
  • Country of residence: any country in Latin America, Africa or Asia-Pacific
  • Applicants need to be registered and logged in on Access Agriculture before applicant can submit an application form.
How to Apply
Applicants can apply via given website.

For more information, please visit Access Agriculture.

February 28, 2019 / by / in
Dwindling Fortunes of Dominion Farms as property is auctioned in Kenyan Operations

Remember the Dominion Farms project in Taraba State Nigeria that never really got off the ground but left a trail of accusations and counter accusations about bribery scandal and the likes. The company seems to be having difficulties running its operations in Kenya. A report by Lameck Baraza of the Star Newspaper last week informed that Dominion properties are being auctioned to pay off debts owed in fertilizer and input supplied to the Kenyan country operations which was considered successful. A court order was granted to one Ayi Onyango to sell off assets of the company to pay off a Sh27.6 million obligation in input supplied some months ago. Aside the non-payment of inputs supplied, other challenges exist. The Siaya community where Dominion Farms operates also has accused the company of not living up to its end of the deal signed before it took over the Yala Swamp to grow rice. Residents criticised the company for using dangerous chemicals without regard to their health, especially children and pregnant women. The community also clashed with the firm when they were barred from grazing their livestock on a portion of the wetlands. At one point, owner Calvin Burgess accused opposition leader Raila Odinga and his family of extortion and demanding money to fund his 2017 presidential campaign.

April 13, 2018 / by / in
Dangote to up investments in Kaduna

President of the Dangote Group Aliko Dangote has said that his conglomerate was exploring more investment opportunities in Kaduna state.
Mr. Dangote who spoke at the Kaduna Economic and Investment Summit on Wednesday said the move to scale up its investments in the state was informed by the ‘great strides’ being made by the state government on the Ease of Doing Business.
“We have noted the great strides being made by the Kaduna State Government over the past three years especially the veritable improvements in the Ease of Doing Business and investment climate, and will in addition to our proposed joint venture in the automotive subsector also explore other opportunities in the state especially in the agribusiness and solid minerals sectors,” Mr. Dangote who was represented the company’s Group Executive Director Engr Ahmed Mansur said.
The theme for this year’s summit, which is the third edition, is ‘Promoting Economic Growth through Partnership’.
The summit is organized by the Kaduna State Investment Promotion Agency(KADIPA) while the Nigerian Investment Promotion Council (NIPC) and the Nigerian Economic Summit Group (NESG) are co-hosts of the summit.
The Dangote Group has investment in the Kaduna based Peugeot Automobile Assembly Plant and is expected to invest in tomato processing plant.
Speaking at the opening ceremony of the summit, Kaduna State Governor Nasiru Ahmad El- Rufai commended the Dangote Group for its interest in the State.
Mr. El Rufai also reiterated the economic strategy behind the state’s five-year plan which, according to him, will serve as a catalyst that will help make Kaduna great again. The plan was unveiled at KADINVEST in 2016.
He also unveiled $65.5billion infrastructure plan that is expected to run between 2018 and 2050.
He said 79% of the investors in Kaduna State are foreign investors, while the remaining are local investors.
The Governor added: “Kaduna believes that private investment is the best vehicle for job creation, and is eager to bring together the private sector, international development partners and development finance institutions to identify opportunities in the state and take the investment initiatives that create growth.”
According to him, the state was interested in wooing investors into: Commercial Agriculture sector, agro-Allied Industries, power (Renewable Energy), transportation, solid Minerals, ICT/Services, Hospitality/Leisure/Tourism, housing, education, healthcare, waste-to-Wealth and Light Manufacturing.
He said some of the international investors already in Kaduna are: Olam: Hatchery & Feed Mill, Dangote: Tomato Farm & Processing Facility/Dangote-Peugeot Assembly Plant, Flour Mills: Maize and Wheat, Flour Processing Plant
Capital Rice, Indorama: Organic Fertilizer, Rapidacc: Mass Housing, FIDC: Mass Housing, Hydraform: Mass Housing, DraperDarkFlow: ICT Hub
Coders4Africa: ICT Hub Schneider Electric/Skipper: Energy Academy
Old Port/Unilever: Edible Oil Refinery, OCP: Fertilizer, Vicampro: Potato Farm And Processing Facility, Kewalram Chanrai: Feed Mill, Blue Camel Energy: Solar Panel Assembly Plant and Vlisco: Cotton, Textiles, Garment.
Meanwhile, Mr. Dangote, whose company is the largest private sector employer in Nigeria, said: “Given the capricious nature of crude oil prices, Nigeria must quickly take advantage of this prevailing window of opportunity to diversify its economy and address fundamental structural vulnerabilities by deepening and expanding its non-oil economy.”
He said: “The public/private sector partnership is bearing good results in the rice value chain. Government has tried to improve rice yields for more than 30 years but the output rarely exceeded 2 tons/ ha. Today, the Dangote Rice project has achieved yields of 4 to 5 tons/ ha in just 3 years working with local farmers.”
In the agricultural sector, he said the Dangote Group is currently working on cultivation of about 130,000Ha of sugarcane (directly and via out growers) in Niger, Taraba, Adamawa and Nasarrawa states.

 

Source: https://www.blueprint.ng/dangote-investments-kaduna/

April 13, 2018 / by / in
The Partnership between Kebbi and Lagos Governments in Rice!

The partnership was born out of the Anchor Borrowers Program ABP initiated by the CBN and Federal Ministry of Agriculture in the country piloted in Kebbi and a few other states some few years ago. With much rice in production, Kebbi and Lagos went into an alliance – Kebbi produces and processes, Lagos also processes, bags and distributes. The partnership has resulted in the famous ‘Lake Rice’ brand sold all over Lagos. Lake Rice is distributed majorly during two festive seasons – Ileya (Sallah) and Christmas. At each festivity, about 100,000 bags are reported to be sold and consumed by Lagosians.  Some expect demand for Lake Rice to increase as more and more people become aware of the brand. In Kebbi state where the rice is grown, 16 local government areas and over 200,000 farmers are involved. With the provision of improved seedlings, farm inputs and extension services through the ABP scheme, paddy yield has increased from 2.5 to 10 metric tons, according to CBN reports. Besides cultivating the rice, Kebbi has also increased its milling capacity with guaranteed off-take by Lagos. Over the last two years, three major millers in Kebbi have increased their capacity. Kamba Rice Mill in Dandi Local Government now produces 735 metric tonnes per annum, over a 40% increase from previous capacity. Labana Rice Mill also produces 250,000 metric tonnes per annum, a considerable increase from previous capacity, while WACOT Rice Mill presently produces 120,000 metric tonnes annually but aiming to expand capacity to 500,000 metric tonnes per annum. There is no gaining saying the fact that the partnership between Kebbi and Lagos has proven to be beneficial to all – the farmers, rice traders, but most importantly the country, through conservation of foreign exchange used in importation of a product that could be produced locally. Minister of Agriculture, Chief Audu Ogbeh, boosted recently that Nigeria may stop rice importation in 6 months’ time with the 17 million tons of paddy produced as at end of 2017.

April 13, 2018 / by / in