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Someday nigerian farmers will own private jets by sotonye anga

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it will interest you to know that so many farmers that have abandoned farming in Nigeria are now returning to farming, and this is because they now see a future in Nigeria’s Agribusiness. Again, the …

it will interest you to know that so many farmers that have abandoned farming in Nigeria are now returning to farming, and this is because they now see a future in Nigeria’s Agribusiness. Again, the message is becoming clearer by the day to our leaders and financial institutions that lending to the Agricultural sector in Nigeria must be at single digit interest rate period!! You will kill our farmers when you lend to them at 26% per annum, Agribusiness is not cocaine business, but once the sector is well supported and strengthened, we will see our Nigerian farmers doing Agribusiness, making good profits and someday, we will see our farmers own their private jets and helicopters because they need them for serious business.

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  • 1. SOMEDAY, NIGERIAN FARMERS WILL OWN PRIVATE JETS
  • 2. The 29th Omolayole management lecture series had as its theme: AGRICULTURAL INNOVATION & CONTEMPORARY INVESTMENT OPPORTUNITIES, held on the 26th of September 2013 at Commerce House, Victoria Island, Lagos. The Omolayole Annual Management Lecture Series is held annually in honour of Dr. Michael Omolayole who is the former Chairman and Managing Director, Lever Brothers Nigeria Plc - now Unilever Nigeria Plc, former Presidential Advisory Committee member and Chairman/Director (past and present) of numerous multinational companies to address contemporary socio-economic issues of national and international concern. Coordinator, Agribusiness & youth empowerment of Community of Agricultural Stakeholders of Nigeria (CASON), Mr Sotonye Anga was a Panelist at the event, and delivered a paper titled NEW PATH TO WEALTH: MICRO & SMALL SCALE FOOD PROCESSING IN AFRICA. Anga during his presentation acknowledged the gains of the Agricultural transformation Agenda of the Federal Government. He said the Government of President Jonathan has done well in the area of Agriculture and we urge Mr President to do much more based on the fact that Agriculture when giving the best attention will both diversify and sustain the economy of Nigeria. We are pleased to see the renewed commitment by President Jonathan towards reviving Agriculture in Nigeria. Furthermore, I must say that I admire Dr Akinwumi Adesina, he is a visionary leader, and under him as Minister of Agriculture, the face of Agriculture in Nigeria has changed for better. Nigerians now see a fine future in Agriculture, it will interest you to know that so many farmers that have abandoned farming in Nigeria are now returning to farming, and this is because they now see a future in Nigeria’s Agribusiness. Again, the message is becoming clearer by the day to our leaders and financial institutions that lending to the Agricultural sector in Nigeria must be at single digit interest rate period!! You will kill our farmers when you lend to them at 26% per annum, Agribusiness is not cocaine business, but once the sector is well supported and strengthened, we will see our Nigerian farmers doing Agribusiness,
  • 3. making good profits and someday, we will see our farmers own their private jets and helicopters because they need them for serious business. Anga noted that Agriculture is expensive, and for Nigeria to be competitive in the sector we need to really increase our national spend on Agriculture, we need to boost the capacity of our research institutes to deliver high yielding and productive crop and animal varieties, we need to build and put in place robust, supportive Agricultural infrastructure such as the staple crop processing zone that will make the Agribusiness friendly. The time to make Agribusiness in Nigeria to yield increase and profits for our people is now! To say the truth, I am worried and wonder how far our Agriculture can go with budget allocation of less than 3% of national budget allotted to Agriculture, let me state clearly that it will not be out of place to give at least 10% of our national budget beginning with 2014 to Agriculture and maintain this trend for the next 10 years, I mean till 2024, we need to do this. This is the way to go if we are serious about accelerating development in the sector. Also it is not just about giving a budget to Agriculture, we must ensure that the budgeted amount is released and released on time. Agriculture needs money, when funds for the Agric sector is not released fully and on time, activities in the sector will not be implemented, so the sector suffers and this is not the best for the country. Therefore, considering the transformative power of Agriculture, it is important that top priority is giving to Agriculture because a decline in food production will hurt the nation as a whole, whereas an increase in food production will heavily reduce our food import bill which stands at $11 Billion Dollars annually and thereby reduce pressure on foreign exchange and strengthen our economy. He went further to say that the capital outlay required to set up any micro or small-scale Agribusiness that adds value to our primary Agricultural products and crops will range between as little as $2,000 - $45,000 USD. I tell you, the huge post harvest loss recorded every year during harvest of our crops falls between 20 to 70% depending on
  • 4. the crop and when you translate the value and cost of this loss and wastage, it runs into several Billions of Naira annually, this explains why post harvest loss is a big threat to our food security and existence and therefore requires urgent attention. Mr Anga called on Governments in Nigeria and across Africa to provide incentives that will support and encourage young people to establish small scale food processing businesses as a way to reduce unemployment and poverty in the continent. He said, supporting such initiatives will result in several economic benefits for any country in Africa including taking our youths of the streets, reducing crime rate, restoring dignity to our young people and guarantee market for our farmers and farm produce. Gbenga Oyebode, MFR, Chairman, Okomo oil PLC, and Chairman Access Bank PLC was a guest speaker, under the distinguished chairmanship of Mr Goodie Ibru, OON, President, Lagos Chamber of Commerce and Industry founded in 1888. Mr Anga Sotonye was presented with an Award of appreciation by Dr Micheal Omolayole at the event. It is important to note that in the 29 year history of the Omolayole lecture series, this is the first time that Agriculture will take the centre stage. The event was well attended by Students, captains of Industry and top Government officials. Coordinator, Agribusiness and youth empowerment, COMMUNITY OF AGRICULTURAL STAKEHOLDERS OF NIGERIA (CASON) Sotonye Anga is an Agribusiness strategist and enterprise development expert with corporate experience spanning 2 decades in plantation development, export of Agricultural commodities and trade consultancy across Africa, Asia and Europe. Anga is passionate about agriculture as a business. Anga’s presentations on Agriculture have a record of over 200,000 online views worldwide and he has written over 300 articles promoting agribusiness. Anga also serves as National Publicity Secretary, NATIONAL CASHEW ASSOCIATION OF NIGERIA.

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