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Why CBN Must Stop Forex for Food Import- Buhari

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By Mathew Dadiya, Abuja with Agency Reports

President Muhammadu Buhari on Tuesday, said the directive to the Central Bank of Nigeria (CBN) to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security.

Buhari stated this when he hosted All Progressives Congress (APC) governors to Eid-el-Kabir lunch at his country home in Daura, Katsina state on Tuesday, according to a press statement by Malam Garba Shehu, the President’s spokesman.

According to the president, the foreign reserve will be used strictly for diversification of the economy and not for encouraging more dependence on foreign food.

“Don’t give a cent to anybody to import food into the country,’’ he said.

The President noted that some states like Kebbi, Ogun, Lagos, Jigawa, Ebonyi and Kano had taken advantage of the Federal Government’s policy on agriculture with huge returns in rice farming.

He, therefore, urged more states to plug into the ongoing revolution to feed the nation.

“We have achieved food security, and for physical security we are not doing badly,’’ he said.

Buhari said he was particularly delighted that young Nigerians, including graduates, had started exploring agric-business and entrepreneurship, with many posting testimonies of good returns on their investments.

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He said the incoming ministers would be guided to meet the targets of the APC-led government for the people.

The president added that regular monitoring of their performances and scaling up of targets would be done by the Office of the Secretary to the Government of the Federation.

Buhari gave the assurance of attending the Presidential Policy Retreat organized for the ministers by the OSFG.

He insisted on compliance with laid down targets on key sectors of the economy that would directly impact on the livelihood of Nigerians.

In his remarks, the Chairman of the Nigerian Governors’ Forum, Gov. Kayode Fayemi of Ekiti, said the President’s sense of justice and fairness had been inspiring to governors.

He said the challenges faced by states “were enormous’’, but the governors had remained undaunted, assuring the President of strong support and “the very best effort’’ to overcome the obstacles.

The Chairman of the Progressive Governors Forum, Gov. Atiku Bagudu of Kebbi, appreciated the President for the unique leadership style of maintaining a healthy relationship with governors on individual and collective basis.

He stressed that they had been “energized’’ to do more in their states.

The governor commended the President for making bold and courageous efforts to reposition the economy for majority of Nigerians through inclusive policies.

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“The country is more secure than in 2015, and the country is more prosperous than in 2015 because you are working for the majority of the people,’’ he added.

Bagudu said the party had been repositioned, after the 2019 elections, to work for the benefit of the majority of Nigerians, noting that “there will two elections this year and we need to work towards winning the two states.’’

Agriculture

VCDP Holds 3-Day Enterprise Training for Agri-businesses

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From David Torough, Makurdi

In a bid to mainstream nutrition sensitive intervention and harness potentials along commodity value chain while empowering youth and women, the Federal Government, International Fund for Agricultural Development, Value Chain Development Programme (FG/IFAD-VCDP)  held a 3-day youth enterprise training for Agri-businesses at the IFAD-VCDP premises, Makurdi, the Benue State Capital.

The six session training equipped participants with practical knowledge on how to process Vitamin A Cassava to snacks (Combo-bite, bread, chinchin, queens cake, Cassa-flakes), Processing of rice flour as substitute for baking flour, Processing of cassava peels to animal feeds as well as de-stoning and packaging of milled rice.

There was also an intense training for some youths on knapsack application and calibration as well as an entrepreneurship class for establishing a One-Stop Agro input shop.

According to IFAD-VCDP Rural Institution, Gender and Youth Mainstreaming Officer (RIGYMO), Mrs Sandra Agber 41 male youths, 39 female youths and one adult female were beneficiaries of the training.

She revealed that, the need to engage and empower youths and women to be self-employed in a sustainable manner and to add value to agricultural produce was the primary justification for the training. 

Mrs Agber disclosed that though the training is a youth empowerment programme, women were prioritized in line with VCDP’s gender mainstreaming initiative hence the high number of female participants particularly in the rice and cassava processing trainings.

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In his remarks during the opening ceremony, VCDP State Programme Coordinator, Mr Emmanuel Igbaukum charged the participants to take the training serious as VCDP is poised to continually supporting its farmers to maximize output as well as harness all potentials along agriculture commodity value chain.

He disclosed that participants would be given start up kits to support their various enterprises.

Two participants, Babara Yaaya and Veronica Chigba, who were trained on rice processing  and  One-stop agro shop establishment respectively, in their separate remarks at the end of the training appreciated IFAD-VCDP for their unceasing support to farmers and agripreneurs in the state and prayed God to give them the strength and resources to upscale these interventions.

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Agriculture

NASCO Has Empowered Millions of Farmers in Nigeria – Lalong

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From Jude Dangwam, Jos

Plateau State Governor, Simon Bako Lalong has said Nasco Food Limited has empowered millions of farmers in Nigeria in the last 57 years of its existence as it targets to cover the West African Sub-region.

He said with the coming on board of a multi-billion Naira investment new Cornflakes Plant supported by the Bank of Industry through First Bank of Nigeria Plc is a positive indicator that Plateau State has indeed regained the confidence of investors as a viable destination for both local and foreign capital inflows in the country.

Lalong stated this yesterday during the inauguration of the new NASCO Cornflakes Plant, held at the NASCO Food Ltd Industrial Area, in Jos, the Plateau State capital.

He said the development cumulatively now integrates into the President Muhammadu Buhari administration’s drive to develop the agriculture commodity supply chain, for which maize has been recognised as one of the most important commodities; adding that the overall goal of the initiative by NASCO is the creation of jobs and wealth for Nigerians.

“It is instructive to note that since NASCO began its operations 57 years ago, millions of Nigerians from the post-independence generation to young Nigerians today have all been able to share almost identical experiences from having used the different product categories which NASCO has come to be known for.”

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Governor Lalong further disclosed that “NASCO’s adoption of the policy of back-ward integration in sourcing maize as its chief input for the production of cornflakes had empowered thousands of farmers on the Plateau and across many locations in central Nigeria. This had directly impacted on the volume and quality of the maize that its suppliers were cultivating”.

He however lamented that Plateau State is not yet a highly industrialised State that can create opportunities for employment to the teeming youths which over the years are limited to “government MDAs, few NGOs and CSOs, a handful of Financial Institutions and the relatively small number of SMEs operating in the state.

“This means there is a great need to invest in companies that have the capacity to scale up in the way that NASCO has done, in order that we can increase employment opportunities and improve the revenue generating potential of the state,” Lalong added.

The Chief Executive Officer and Chairman of Nasco Group in Nigeria

Attia Nasreddin said NASCO has been a household name not only in Plateau State and Nigeria, but across the African continent having been around for almost six decades and identified as an icon of quality.

He hinted that the new multi-billion naira plant is expected to double its production capacity by increasing its supply chain and extending as well as widening its reach to more households in Nigeria and throughout the ECOWAS sub-region of Africa.

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Agriculture

Nigeria Has Over 10,000 Species of Traditional Medicinal Plants — Mamora

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Minister of State, Health, Sen. Adeleke Mamora, says Nigeria is endowed with over 10,000 species of medicinal plants.

He also said the country had good arable land and climatic conditions for harnessing the potentials of the plants, for health, social, economic and other benefits.

Mamora said this in Abuja at the opening of a conference on Traditional, Complementary and Alternative Medicine (TCAM).

The conference was organised by TCAM, in collaboration with the Federal Ministry of Health.

The News Agency of Nigeria (NAN) reports that the World Health Organization identified medicinal plant as the whole or part of a plant that contains bioactive substances that can be used for therapeutic purposes or serve as precursors for the synthesis of drugs.

Nigeria has a full-fledged TCAM Department in its ministry of health responsible for the formulation, review and implementation of policies and guidelines for research, development and regulation of herbal medicines.

The country launched the Traditional Medicine Policy in 2007, which has as its key objective, harnessing the potentials and economic benefits of TCAM.

The country also has a compendium of medicinal plants, the Nigerian Herbal Pharmacopeia (NHP), first published in 2008 and currently under review. 

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The compendium contained medicinal plants used for the safe treatment and management of various diseases.

Mamora said the conference should promote the cultivation and utilization of medicinal plants as raw materials for the pharmaceutical, food and cosmetic industries.

He said this was to create short, medium and long-term value chain and attract agricultural and manufacturing loans.

The minister said this was important, as Nigeria and other African countries currently benefitted minimally from the global herbal medicine market projected at seven trillion dollars by 2050.

He said the market had been dominated by China, India, US, Germany and Thailand.

“Significantly, the cultivation of medicinal plants and commercialisation of herbal medicines will attract huge economic benefits to Nigeria.

“Especially in the following areas: increase foreign exchange earnings and wealth creation, alleviate poverty through the creation of job opportunities in areas of cultivation and conservation of medicinal plants in Nigeria,” he added.

He assured that the ministry remained committed to developing and promoting traditional, complementary and alternative medicine in Nigeria.

He said stakelders had initiated sensitisation programmes and activities to promote the cultivation, commercialisation and use of indigenous medicinal plants in the country.

It “facilitated the passage of the TCAM Council Bill into Law, to effectively coordinate and regulate TCAM practice in the country.

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The stakeholders also “inaugurated an Expert Committee that is currently working out modalities for the take-off of TCAM Institute for the training of TCAM practitioners in Nigeria”.

Prof. MacDonald Idu, a professor of Phytomedicine from the University of Benin, in a keynote address, said if properly harnessed, the value of traditional medicinal plants in Nigeria would hit N1 trillion by 2025.

He put the current market value of traditional medicinal plants conservatively at about N200 billion, regretting that not much attention has been paid to harness the sector.

“We talked about $200 billion. It is conservative. I’m serious. Other forms of literature that I have also read, we are going to hit about N1 trillion by 2025. I know what that means. That’s a lot of money” he said.

Idu said Nigeria must show commitment towards diversifying the economy.

“Nigeria I’m sorry, we don’t walk the talk. We talk a lot, but we don’t walk the talk. So my point of interest is to drag the hearts of our people to realise that we should diversify our economy.

“We don’t have any reason to be poor. That’s the real truth. We don’t have any reason to import everything that we need to survive. It’s already here. Why do you have them here?

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“So, I believe that if we’re able to set up that platform again, and then we’re able to organize ourselves and organize the traditional medicine practitioners and producers, we should be able to raise enough money for this country to move forward,” Idu added.

Earlier, the First Lady, Mrs Aisha Buhari, expressed regret over the low level of utilisation of the over 10,000 species of medicinal plants in the country, in spite of its huge need for the production of drugs, cosmetics and other essential products.

Buhari expressed the present administration’s commitment to boosting the commercial cultivation of such plants for the health, economic and social benefits of the people.

She said it would also open new areas for wealth and job creation for the teeming youths of the country.

The Conference is expected to bring together experts and other stakeholders in various fields of TCAM to brainstorm on the importance of indigenous medicinal plants to healthcare delivery in Nigeria. (NAN)  

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