NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 20, 2021 12:56:07 GMT 1
African Continental Free Trade Area (AfCFTA): Free Trade To Help Africa Beat Recession
Recall that trading under the African Continental Free Trade Area (AfCFTA) kicked off finally on January 1st, 2021 with great excitement after being delayed for about six (6) months due to the Covid-19 pandemic.
The African Continental Free Trade Area is a free trade area founded in 2018. It was created by the African Continental Free Trade Agreement among the 54 of the 55 African Trade Unions with headquarter in Accra Ghana.
This agreement features protocols on trade in goods, trade in services, investments, intellectual property rights, and competition and dispute settlements.
To date, 35 of the 55 African Union member states have ratified the agreement, this means that the AfCFTA is in effect for those countries but not for others. Nigeria is among those member states that have ratified the agreement.
Also fifty-four (54) African Union (AU) member states have signed the AfCFTA with the exception of Eritrea.
The AfCFTA is uniting an estimated $3 trillion market and could help realize more than $84 billion in untapped intra-African exports.
This report is according to the African Export-Import Bank (Afreximbank). Mr. Wamkele Mene the Secretary-General of the AfCFTA said at a recent interview during a trip to Angola that restrictions have slowed down the process due to Covid-19 pandemic.
Protocol on Free Movement of Persons
Nigerians should understand that the protocol on the movement of persons is not part of the instrument yet. It is not part of the African Continental Free Trade Agreement. It was negotiated separately; it has not entered into force.
The issue of free movement of persons is very crucial for commerce to flow in the African continent.
Single Currency for Africa
The Secretary-General also said that the issue of single currency for Africa is a long-term objective, but that AfCFTA is currently working with Afreximbank to take a step in establishing a Pan-African Payment and Settlement Platform.
It is going to be a digital platform for facilitating trade; this will be a step towards eventually establishing an African single currency.
He also said that the AfCFTA is working with banks to make sure that there is a finance component that supports the implementation of the AfCFTA.
The Covid-19 pandemic has affected trade in Africa very severely. He lamented that for the first time in over 30 years, there is a technical recession affecting the whole of Africa now.
The Secretary-General assured that through the implementation of AfCFTA that Africa will come out of the current recession.
African nations are now in the process of establishing customs procedures that are necessary to make sure that goods crossing into their countries through the border are applying rules of AfCFTA.
He admonished that the process takes time and the administration is doing all it can to make the processes come through soon.
This is a new era in Africa’s Development journey, with this Africa will over time eliminate import tariffs on more than 97% of goods traded on the continent.
The questions to be asked are numerous, but a nagging one is this; will the implementation of this agreement really increase production in many African countries to match demand?
Take for example the case of Nigeria, importation of petrol and cars has been gulping much of the country’ scarce foreign exchange. Will the implementation of AfCFTA make African countries come into the picture?
Nigeria recently reduced the duty on cars from 35% to 5%, who will benefit from this action? How many African countries produce such cars that are usually imported into the country?
Is it that European and other producers will be direct beneficiaries of such policy? Or are we expecting Foreign Direct Investment (FDI) to be an outcome of such policy?
However, we believe that increased trading activities between African countries must have an impact on the economies of African countries. These increased activities will surely result in increase in employment leading to higher consumption benefiting the economies of the continent.
We believe in Africa and also believe that increased trade between African countries with little or no restrictions will greatly improve the lot of poor Africans.
Stay with us as we continue to bring to you more details as they unfold.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 20, 2021 11:35:17 GMT 1
Demand is 300,000 Metric Tonnes, and Supply is 10,000 Metric Tonnes
There is an acute shortage of cassava starch in Nigeria both for local consumption and export. The statistics is frightening, there is a demand of more than 300,000 metric tonnes of the commodity while producers can only supply a miserly 10,000 metric tonnes.
This is leaving a yawning gap of about 290,000 metric tonnes of the product waiting for farmers and other producers to fill.
In this article we are going to discuss how to make cassava starch here in Nigeria both for local consumption and export.
The Wet Process of Cassava Starch Production
We shall be discussing the wet method of processing cassava starch without any additive. This method is very simple to follow, and if you practice it, then you can start it and do the business profitably.
The production process is divided into three (3) basic categories or stages covering the complete process of how to make starch from cassava.
Stage 1: This is the farm stage. If you have a farm, or you bought the cassava from the farm; then you need to harvest the cassava tubers up to the quantity you require for the production.
After harvesting the cassava, you need to transport them to your processing station.
Step 2: The next stage is the cleaning of the cassava tubers, cleaning at this stage means removing the sediments from the outer covering of the cassava tubers or the roots.
For you to make a very clean cassava starch, you must lay a lot of emphasis on cleaning the tubers properly in order to eliminate dirt and sand. The cleaner your cassava roots are a better quality cassava starch you will produce.
The next stage after the cleaning is the washing stage; you start washing the tubers. Washing is also very important in the process of production.
During washing process you will ensure high quality for your starch. The main reason for washing is to remove, sand, and epidermis of the cassava roots.
After washing, you can now start crushing.
Step 3: Crushing can be done in various ways depending on the method you have chosen to follow.
Those who want to get both garri and starch will have either to grate the cassava tubers or crush using local machines that are now available all over the places.
Crushing is mainly to destroy the structure of the cassava tubers so that the tiny starch granules can be smoothly separated from the cassava roots.
Starch released from cells is called free starch, the more free starch released the higher the starch yield.
Modern day separation is done by machines used by industrial starch producers, but you can still achieve much to start your own business with available locally produced machines.
After crushing you have to put the crushed cassava now turned into paste into a sack made for pressing out the starch slurry from the crushed cassava. Note that industrial starch producers can crush the cassava roots to a level that they can achieve very high level of cassava starch.
At this stage your cassava starch is almost ready; you will have to remove water from the cassava slurry by any method of dehydration available to you.
After dehydrating the starch to remove water, you can then dry it for local and export market.
Don’t forget that most local producers also get their garri from the same process that produced the cassava starch. The point to note here is that the quantity of starch to be realized when you also want to get garri will be reduced.
The choice is yours, whatever you desire go out there and key into this simple but profitable means of livelihood at your fingertips.
Our company trains both farmers and exporters to enable them function properly in this business; you can contact the admin of the forum for more information and days of the training.
Stay with us.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 18, 2021 19:19:02 GMT 1
Standard Organization of Nigeria (SON), Agricultural Produce Sellers Association of Nigeria (APSAN) Sign MoU On Standard Agricultural Products
For any country to make good success in agricultural produce there must be a means of standardizing its produce. In Nigeria it is the responsibility of the Standards Organization of Nigeria (SON) to establish and maintain such standards. Remember that in April 2021, we brought to you information that the Minister of Agriculture and Rural Development, Alhaji Nanono, and the Director General of The Standard Organization of Nigeria, (SON), Mallam Faruk Salim, have both expressed enthusiasm to partner with the Agricultural Produce Sellers Association of Nigeria, (APSAN) in tackling the Production, distribution of substandard and counterfeit agricultural products in the country. The two senior government officials made the collaboration during the Official Launch of the Taskforce on Substandard and Counterfeit Products in Abuja, the nation’s capital. In a bid to produce and maintain standard agricultural products, the Standards Organization of Nigeria (SON), on Tuesday 13th of July 2021, signed a Memorandum of Understanding (MOU) with the Agricultural Produce Sellers Association of Nigeria (APSAN). The Director General of SON, Mallam Faruk Salim speaking during the signing of the Memorandum of Understanding, said that the ceremony is important as agriculture is the backbone of the economy of Nigeria. He said that with an association like APSAN, the Standards Organization of Nigeria (SON) will maintain standards in the market. The Director General said that the Association would get a lot of experience in management, Product marketing, Labeling and Packaging Training. The Standard Organization of Nigeria (SON) can work with both the medium and large scale organizations in the agricultural industry to help them market their products properly. But they must certify them in such a way that when they get to another country with the stamp of SON, they will know that the product is up to standard. The National President of APSAN, Comrade Aloy Akortsaha explained that apart from making sure that Nigeria stands to gain from good and standard products, the Association will also serve as middlemen between the Federal Government and the farmers. According to him, the MOU is going to facilitate the access to farmers and dealers and also eliminate perpetrators of sub-standard products. The organization would investigate any wrong doing done against farmers and dealers that are not satisfied. Members of APSAN, farmers and dealers should enroll themselves for training. All members must be trained as SON has given them legal documents that will be used to train the members. Also the North-West Chairman of APSAN, Alhaji Ibrahim Shuaibu noted that this signing event will give the agency the capacity to effectively tackle substandard products in their markets as well as bringing the sellers of these substandard products to book. The Chairman of APSAN taskforce, Mr. Vandefa James, on his part said that this event will boost the standardization of agricultural produce. He quoted that “food is essential, and once you start taking sub-standard food, it is like eating poison”. “Our work is to ensure that whatever farmers produce and send out there that is what consumers are going to get. Whatever SON is against, we will also stand against that”. It is common knowledge all over the world that substandard products and counterfeits come with heavy economic and health burdens with people paying the ultimate price in some cases of counterfeiting. Substandard products can be found in almost all areas of the agricultural value chain: they are in canned products, agricultural inputs, electronics, equipment, agrochemicals and other materials. Nigerian products have been blacklisted in the international markets due to substandard products and counterfeiting. The ministry also inaugurated a standing Inter-Ministerial Technical Working Group on Agro Zero Reject Initiative to among others ensure that the European Union lifts the ban on our beans and other commodities from entering their countries. We of this forum believe that this signing of the Memorandum of Understanding is a step in the right direction; it is expected to bring confidence in the minds of our foreign buyers. As their confidence increases in our agricultural products, there will surely be an increase in the demand of our export goods thereby increasing our revenue. Proper training is a major part of offering good products to the international market; our company is an expert in training exporters in Nigeria. You can contact us for your training needs.Stay with us.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 18, 2021 14:42:27 GMT 1
How To Start A Profitable Poultry Farm Business In Nigeria – Beginners’ Guide
With this article, we are starting a series on poultry farm business in Nigeria. We will start from the very beginning so that those who have never practiced the business at before partake and gain from it.
It is really going to be a long guide spanning several articles, but it is going to be worth it. You will enjoy every bit of the epic guide.
If you follow our articles on this poultry farming business, it will surely help you a lot because it will be based on beginners; so it will surely help you in setting up your own poultry farm business.
This business has proven to be lucrative in Nigeria today, as you may be aware; the government of President Muhammadu Buhari is solidly behind using agriculture to diversify the economy.
He has severally intervened in the provision of maize to force the price of poultry feeds down for the interest of poultry farmers in the country.
The major reason is that almost all religions in the country eat poultry and poultry products.
No matter where you live, as far as you are willing and interested in going into the business of poultry farming, you can start, and it will surely become a new source of income for you and your family.
For the purpose of our guide, poultry farming means raising different types of domestic birds commercially for the purpose of getting meat, eggs and other products like feather.
Though we will eventually deal with all the aspects of poultry in the guide, we are going to start with chicken.
Chicken meat and eggs are not new in most families in Nigeria, in our rural settings all over the country; you hardly enter into any family compound without finding one type of poultry farm or another of varying sizes.
Chicken are already an integral part of our lives, chicken’s products are among the major sources of animal protein. Many families I know today get all their protein needs from their small scale poultry farms started at their backyards.
Poultry farms you see everywhere is evidence that big commercial poultry farms make a lot of money from the business. The government is always intervening in making maize available for the poultry feed producers to force down the cost of poultry feeds.
Poultry farming is one of the fastest growing and most profitable agricultural businesses in Nigeria today. The government pays great attention to it; it is the greatest provider of protein for the average Nigerian family.
This is an interesting business, but a lot of people fail because of lack of proper knowledge which you can get from being well trained.
Our company specializes in training people who are interested in making success of their agricultural and export businesses. You only need to contact the admin of this forum and you will get all the details you need to do the training.
How Can You Start poultry Farm as a Beginner?
Let’s face it; in the current world of high-level internet penetration, a lot of people watch YouTube videos and use what they see there to take actions on their farms.
There is nothing bad in it, but sometimes it backfires when you view and come out with the wrong knowledge or ideas.
For you to take the advice of anybody on poultry farming, you must be sure that the person is really experienced in the business. Many people talk about the business from what they read from books and watched on videos.
You can start your poultry farming with either chicken or turkey. There are various types of chicken you can start with, they come in the form of:
Egg producers
Meat birds, and
Dual-purpose birds
Let us look at them now.
Types of Chicken You can start with:
Practically, poultry farmers in Nigeria concentrate on these types of chicken for convenience:
Broilers
Cockerel
Noilers
In our next article in the series, we are going to break them down to explain in details what each means and how you can key into the project profitably.
We are assuming that our members and others that are going to use this guide are really interested in going into this business to become efficient poultry farmers and producers.
If you stay with us you will benefit from the guide.
Don’t forget that we are the best in Agro-Export training in Nigeria; try us by contacting the Admin today.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 14, 2021 14:18:55 GMT 1
Nigeria: African Development Bank (AfDB) Bolsters Women-Empowered Businesses With $50 million Loan To FCMB
The Board of Directors of the African Development Bank has approved a loan of $50 million to Nigeria’s First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors.
These women-empowered businesses must be in the following sectors:
Agricultural businesses
Manufacturing
Healthcare, and
Renewable energy
Thirty percent (30%) of the funds, which are intended to mitigate effects of the challenging Covid-19 environment, are earmarked for underserved women-empowered businesses.
Which are the underserved women-empowered businesses?
There are a lot of businesses that women participate in Nigeria but getting adequate finance to run such businesses successfully is a big problem in most parts of the country. I hope that the bank in charge of the management of this fund (FCMB) will do all it takes to get to the women that really need this loan.
In addition, the Bank will provide a technical assistance grant of $200,000 through its Affirmative Finance Action for Women in Africa (AFAWA) initiative supported by the Women Entrepreneurship Finance Initiative. The grant will complement the loan by enabling First City Monument Bank to provide non-financial services, including training, and to strengthen its monitoring and reporting functions.
Another beauty coming with loan is the grant of $200,000 for technical assistance that will enable First City Monument Bank (FCMB) to provide technical assistance in the area non-financial services; such as training and strengthening its monitoring and reporting functions.
“The African Development Bank is pleased to support FCMB’s strategy to become a dominant player in addressing the funding needs of women-empowered and local enterprises,” said Stefan Nalletamby, the African Development Bank’s Director of Financial Sector Development. “This project will extend valuable resources to critical but underserved segments during the ongoing Covid-19 pandemic, with its adverse macroeconomic impacts.”
Small- and medium-sized firms account for up to 80% of employment in most African countries and women-empowered businesses typically face a considerable financing gap. The Nigerian economy has been hard hit by the Covid-19 pandemic, and falling crude oil prices have had a ripple effect on the wider economy.
FCMB is a Nigerian commercial bank with around 5 million customers. It had total assets of around $5 billion as at the end of 2020.
The project aligns with the objectives of AFAWA, which aims to improve gender inclusivity by improving access to finance for women entrepreneurs. The project also advances the Bank’s Ten-Year Strategy and is consistent with three of its High-5 strategic priorities: Industrialize Africa, Feed Africa, and Improve the Quality of Life for the People of Africa. It also aligns with the Nigeria Country Strategy Paper 2020-2024.
This is an Affirmative Finance Action for Women in Africa (AFAWA) initiative supported by the Women Entrepreneurship Finance Initiative with the aim of improving gender inclusivity in Africa by improving access to finance for women entrepreneurs.
This project is in line with the bank’s three of its High-5 strategic priorities:
Industrialize Africa
Feed Africa, and
Improve the quality of life for the people of Africa
And also aligns with Nigeria’s country strategic paper 2020-2024
The African Development Bank is an implementing partner of the Women Entrepreneurs Finance Initiative, a groundbreaking partnership housed in the World Bank Group that aims to unlock financing for women-led businesses in developing countries.
We of this forum are advising our women entrepreneurs to please try and take advantage of this loan; if you do not have a previous business relationship with FCMB; make an effort to visit the bank and make enquiries to get more knowledge or information about the loan.
There is an adage that says “there is no harm in trial”, and we believe in it. Some people are also afraid of receiving no as an answer; but what is no? No simply means nothing. If you ask for something and you get no as reply, it does not remove anything from your previous position.
Give it a trial, and do not forget that you can only make good success with your loans when you make use of it judiciously. We are here to give you the necessary training and support you need to succeed.
Stay with us.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 14, 2021 11:09:27 GMT 1
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 13, 2021 22:05:51 GMT 1
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 13, 2021 20:43:11 GMT 1
Worried by effects of climate change on economic development, the House of Representatives has revisited the Climate Change Bill, which was passed by the 8th National Assembly but rejected by President Muhammadu Buhari. The House passed the bill, which seeks to create a National Council on Climate Change to be headed by the President with Vice President as Vice Chairman while drawing members from the 36 States and other relevant agencies of government. Addressing newsmen on Tuesday on the passage of the bill, its Sponsor, Sam Onuigbo, said all the contentious clauses cited by Buhari for his refusal to sign the bill have been reviewed by a Joint Review Committee sanctioned by Speaker Femi Gbajabiamila. The committee, he said, has Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN) and the Ministry of Environment as members. He said passage of the bill was a clear indication of the commitment of House to work with the Executive to implement provisions of the Paris agreement on climate change as well as support determination of the President to fight climate change.
The lawmaker expressed happiness the House considered and adopted the report on the bill, which he said will be transmitted to the Senate for concurrence. Onuigbo said: “Nigeria and the rest of the world face a huge existential challenge due to the impacts of climate change such as drought, coastal and gully erosion, health challenges, desertification with the attendant food shortages and forced migration that has led to insecurity, etc. “As experts have said, the situation is so bad that if urgent actions are not taken to reduce the volume of Greenhouse Gases in the atmosphere, the world as we know it will be completely destroyed in a matter of decades due to the catastrophic impacts of climate change. “It is this awareness of the danger of climate change that motivated me to sponsor the Climate Change Bill in the 8th Assembly. “The objective was to ensure that Nigeria has a legal framework that will help coordinate its efforts at climate change mitigation and adaptation. Although the bill was passed by the National Assembly and duly transmitted to the President, he declined assent due to a number of reasons. “With this clear conviction, I reviewed the bill and re-sponsored it in this Assembly. I called you all together today to brief you on the progress we have made towards ensuring that Nigeria gets a climate change law.” Source: thenationonlineng.net/reps-pass-climate-change-bill-into-law/
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 13, 2021 17:44:35 GMT 1
Free Agriculture e-books converging a range of topics from design to development and everything in between for downloading: 1) Goat Farming as a Business – ZAS 2) Goats Farming Production Guide – Thomson Zulu 3) Homemade Egg Incubator/Hatcher – Calvin E. Roberts 4) How to Make a Homemade Incubator – A. Rapids 5) Developing a Free-Range Poultry Enterprise – ZAS 6) Making Own Poultry Feeds Formulae, Rations and Ingredients 7) Chicken Feed Formulation – John Chiseba Mwamba 8) Quail Farming For Beginners – ZAS 9) How to Start a Successful Ostrich Farm – ZAS 10) Guinea Fowl Management Guide – ZAS 11) Disease Control and Treatment in Poultry – ZAS 12) Rabbits Farming Business Venture – ZAS 13) Rabbit Feed Formulation Guidelines – ZAS 14) How to Start a Honey Bee Farming Business – ZAS 15) Silage Making For Small Scale Farmers – FAO 16) Maggot Production Guide – Thomson Zulu 17) Technique for Maggot Production – 2010 18) Maggot Meal A Sustainable Protein Source for Livestock Production – A Review 19) Report On the State Of Animal Genetic Resources in Zambia – ZAS 20) Overview of the Fisheries Sector in Zambia – ZAS 21) Guide for Growing Tomatoes Successfully On Open Space – ZAS 22) Sustainable Integrated Pest Management for Tomato – ZAS 23) Onion Growers Guide – ZAS 24) Onion Production Guideline – Thomson Zulu 25) How to Grow Watermelons – ZAS 26) Soya Bean Growers Guide – ZAS 27) Cowpea Production Guidelines – ZAS 28) Groundnut Production – A Concise Guide – A.J. Cilliers 29) Groundnut Production – N2Africa 30) African Organic Agriculture Training Manual Module 09 Crops Unit 22 Mango 31) Mushroom Cultivation – An Effective Means For Poverty Alleviation – ZAS 32) Mushroom Farming * Download the one applicable to your business*
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 6, 2021 21:25:05 GMT 1
National Assembly meets finance minister over two-year finance planSenate President Ahmad Lawan and the Speaker of the House of Representatives, Femi Gbajabiamila, have met with the Minister of Finance, Hajiya Zainab Ahmed, over the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper. The meeting also had in attendance the Deputy Senate President, Ovie Omo-Agege, the Deputy Speaker, Ahmed Idris Wase and some other principal officers of both chambers, as well as Senators and Members of the House of Representatives. According to Lawan, the meeting was convened at the instance of the leadership of the National Assembly to deliberate on projections in the 2022-2024 MTEF/FSP needed to facilitate the early presentation of the 2022 budget by President Muhammadu Buhari in September this year. Lawan in his welcome address recalled the commitment of the Ninth National Assembly towards early passage of the nation’s annual budget, according to a statement by his Special Assistant (Press), Ezrel Tabiowo, in Abuja. He explained that the development was responsible for the 100 per cent implementation of the 2020 Appropriations Act which, according to him, would be achieved also in 2021. The Senate President added that the interaction between the National Assembly and the Ministry of Finance on the 2022-2024 MTEF/FSP would facilitate the early presentation of the 2022 Appropriations Bill in September this year. He said, “We all recall how this Ninth National Assembly committed itself ab initio to ensuring the passage of the Appropriation Bills before the end of December of every year, to enable the implementation of the Appropriations Act to start January of every year. “So far, we have achieved that in the 2020 budget and 2021 budget as well. This has significantly improved the implementation of the Appropriations Act, culminating in the 100 per cent implementation of the 2020 budget, and we are optimistic that the implementation of the 2021 budget would also achieve 100 per cent. “The 2022 Appropriations Bill would be predicated on the MTEF/FSP 2022-2024. [And] it is very important that this interaction takes place so that the National Assembly is able to consider the MTEF in very good time to allow the Executive arm of government prepare the Appropriations Bill for 2022.” Speaking, the Minister of Finance, Hajiya Zainab Ahmed, recalled that Nigeria was able to make a quick exit from recession in the third quarter of 2020 despite the impact of the COVID-19 pandemic on the global economy. According to her, this had an attendant “negative growth” on the Nigerian economy as a result of the significant and sudden drop in crude oil price in the international market. The Finance Minister disclosed that although the Nigerian economy experienced more revenue earnings in 2020 from non-oil sectors, other sectors such as transport still remain in the negative. “The economy since then has sustained a tepid growth in the first quarter of 2021, with a growth of 0.51 per cent consolidating our exit from recession in the fourth quarter. “The growth of the Nigeria economy, we are pleased to say, is driven largely by the non-oil sector, which has risen to 0.79 per cent, masking the deterioration in the oil sector. “The sectoral growth in the non-oil sector was primarily driven by telecoms and agriculture sectors as well as other sectors of the Nigerian economy. “Significant concerns still exist in the performance of trade, as well as transport sector which are still in a very strong negative growth,” she said. thenationonlineng.net/national-assembly-meets-finance-minister-over-two-year-finance-plan/
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 6, 2021 7:30:10 GMT 1
Nigeria’s debt will grow to 48 trillion by 2024 if it goes ahead with its three-year borrowing plan. According to data sourced from the Ministry of Finance, Budget and National Planning, N14,999,848,197,680 is projected to be borrowed by the Federal Government in 2022, 2023 and 2024. This will bring Nigeria’s total debt to over N48 trillion when added to the current N33.1 trillion. Between January and May, the Federal Government has spent N1.80 trillion on debt servicing, representing (37 per cent of expenditures). In the same period, the government realized N3.39 trillion from both oil and non-oil revenue sources. The Federal Government will source N7,499,924,098,839 from domestic borrowings as follows: N2,446,790,640,407 in 2022, N2,375,041,155,994 in 2023 and N2,678,092,302,438 in 2024. An equal amount of N7,499,924,098,839 will be borrowed from foreign sources in similar amounts over the same period. The Federal Government is planning to raise additional funding from privatization proceeds in the order of N90,731,800,000 in 2022, N13,770,000,000 in 2023 and N6,237,000,000. It is also projecting to generate revenue from multi-lateral/bi-lateral project-tied loans. These loans will be staggered into N638,315,160,152 in 2022, N513,827,475,803 in 2023 and N513,827,475,803 in 2024. Within the three years, debt servicing will gulp 43 per cent of the revenue realized in 2022, 48 per cent in 2023 and 57 per cent in 2024. The government is bothered that “weaker-than-expected economic performance threatens our ambitious revenue growth targets”. However, “non-oil revenue performance has been impressive and heading in the right direction”. The government is also worried about the “ PMS under-recovery and cost of securing oil pipelines, which are forever weighing down on oil revenues”. It added that these issues must be addressed wholesomely to free up much needed fiscal space”. On the expenditure side in 2021, N4.86 trillion (representing 92.7 per cent of the prorated budget) has been spent. According to the ministry document, “this excludes Government Owned Enterprises (GOEs) and project-tied debt expenditures. It was from this expenditure that N1.80 trillion was used for debt servicing and N1.50 trillion for personnel cost, including pensions. As of May 2021, N973.13 billion had been released for capital expenditure. Source: thenationonlineng.net/nigerias-debt-to-grow-to-n48tr-by-2024/
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 5, 2021 12:55:58 GMT 1
How To Start Lucrative Tiger Nut Farming Business In Nigeria – Part 1
Tiger nut is a crop of the Sedge family found in almost all parts of the world. Its botanical name is Cyperus esculentus; known in Yoruba as Ofio, in Hausa as Aya, and Aki Hausa or Imumu in Igbo language.
Other names that the plant bears are: earth almond, yellow nut, Chufa, and nut grass.
Tiger nut plant can grow up to 3ft (90cm) in height from tuber. The plant can grow annually, while some can repeat growth every season.
The crop became popular when it was discovered by researchers to contain high nutritional values for human beings’ health.
It is mostly cultivated in Northern Nigeria. However, you can cultivate tiger nut in the Southern part of the country successfully too.
Tiger nuts can be found in many other parts of the world too, such as India, Spain, Egypt, and many other African countries.
The largest exporter of tiger nut in the world is the United States of America controlling about 35% of the total global export market of the commodity. This is followed by China controlling 17% of the market according to statistics as at year 2020 by Tridge.
Tiger nut drink is becoming very popular these days in Nigeria as many people prefer tiger nut drink to most other food drinks. This drink is almost becoming the drink of the rich of recent in Nigeria.
As a farmer the competition is still very low, therefore you are not going to face a lot of competition in the business. With this you should decide to go into the business because your probability of success is very high.
The potential of giving the youth of the country employment opportunities is very high in the tiger nut farming value chain.
Nutritional Contents of Tiger Nuts
Tiger nuts are a source of fatty acids, fibre, and some other vitamins and minerals.
Nutrients per serving:
One ounce or 28.3 grams of raw tiger nuts contains the following:
Calories: 120
Protein: 2g
Fat: 7g
Carbohydrates: 19g
Fibre: 10g
Sugar: 9g
Tiger nuts contain vitamin C and B6, iron, magnesium, zinc, potassium, and calcium in both raw and ground forms.
As a farmer or business person interested in Tiger nut business, you should know that the nut is demanded highly in the international market. The product is in hot demand. Give it your best and you will not regret it.
Let us now go into the farming segment of the business of tiger nut.
Land Preparation:
If you are going into large scale tiger nut farming, you probably be thinking of using about an hectare of arable land; you have to use tractor as we always advise our members to till the ground.
The plant can grow up to 3ft, and the roots can penetrate into the soil to 30-60 cm deep. You have to then till the ground well so that the roots will find it easy to penetrate into the soil.
Though the plant grows well in any type of soil, you will get the best results when you plant it in sandy soil rich in organic matter.
Tiger nut plants can resist harsh weather conditions like, drought, flooding and heat. They however require a PH level of 5.0-7.0.
Never plant your tiger nuts in a waterlogged area or use salt water for irrigation. These are not required as they can easily destroy the plants.
The plant requires mild temperature in order to grow well, but you must avoid severe cold or high-level heat. These extreme weather conditions can adversely affect the growth of the plant.
They should be planted manually into the soil: 6-8cm deep; with a spacing of 15-29 cm between the seeds. The planting season in Nigeria is during the rainy season between the months of April and May annually.
You can plant using the seeds or through rhizomes, which are the creeping parts of the plant just by the root. They have slender roots and triangular leaves, 3-10 mm and appear in two colors: green and golden brown.
The tiger nut tubers start developing after about 6-8 weeks; after the seedlings must have sprouted. They grow very vigorously; and the nuts mature between 3-4 months.
Tiger nut farming can be done in containers too; you need to mix an equal amount of soil and manure, use it and fill the container. You should plant only one seed per container, and store in a warm environment.
Irrigation in Tiger Nut farming:
One of the major problems of farming in Nigeria is irrigation, so that your tiger nut farm can do well, you must irrigate or water your farm at least weekly until the crops are harvested; especially when there is drought or intense heat.
Weeding the farm:
Weeds should never be allowed in the tiger nut farm. You must identify the weeds and remove them early; otherwise they will destroy your tiger nut farm.
We will continue with the article in part 2, as there still many things we need to understand in the business side of tiger nuts.
Stay with us, we are the best trainers in agro-export business in Nigeria today. Call or email the admin of the forum for more information.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 4, 2021 23:28:14 GMT 1
CBN Releases 50,000 Metric Tonnes of Maize To Twelve Companies To Crash The Commodity’s Price
The Federal Government of Nigeria (FGN) has released fifty thousand (50, 000) metric tons of maize through the Central Bank of Nigeria (CBN) to twelve major feed producers in the country.
The commodity was released from the strategic grains reserve (SMR) under the Anchor Borrowers’ Programme of the Federal Government.
The government decided to release the grains, this is the third batch released to check the activities of middlemen bent on hoarding the commodity in order to cause artificial scarcity of the product in the country.
The following are the companies that received the commodity as listed by the Central Bank of Nigeria (CBN):
Premier Flour Mills
Crown-Olam
Grand Cereals
Animal Care
Amobyn
Hybrid Feeds
Obasanjo farms
Zartech
Wacot
Sayeed Farms
Pandagri Novum
Premium Farms
This information was confirmed by the Acting spokesman of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi. He said that the release would crash the price of maize, reduce the pressure on the market; make the product directly available to feed producers, thereby reducing the high price of poultry feed in the country.
The CBN spokesman, Mr. Nwanisobi also said that the CBN would continue to facilitate the funding of maize farmers and processors through ABP Commodity Association, Private/Prime Anchors, State governments, Maize Aggregation Scheme (MAS), and the Commercial Agricultural Credit Scheme (CACS).
The National President of the Maize Association of Nigeria (MAAN), Dr. Bello Abubakar warned middlemen to desist from the act of taking advantage of the supply gap to hike the price of the grain in the country.
Recall that we brought you information that in 2020 the Federal Government of Nigeria (FGN) selected four (4) maize importation companies that will not be affected by the Federal Government’s ban on the importation of maize into the country.
The four companies have been given approval to import 262,000 metric tonnes of maize into the country from August to October, 2020.
The Government stated that the companies were going to use their own forex sources for the imports, as the Central Bank of Nigeria (CBN) will not approve any forex for them.
The President restated that the Government would not give anybody importing foods or fertilizer any forex from the country’s foreign reserves. That he will rather empower local farmers and producers.
The ban was necessary to protect and encourage local producers of maize, stimulate rapid economic recovery, safeguard local livelihoods, and increase job creation.
However, some highly placed agribusiness professionals kicked against the ban, arguing that it will worsen the woes of the poultry industry as maize is about 60% of their feed inputs.
To cushion the effects of the ban on the poultry industry, the Federal Government ordered the release of 30,000 metric tonnes of maize from the national grains reserve to the animal feed producers.
The Nigerian Customs Service (NCS), confirmed at that time that the following companies have been given emergency approval by the Central Bank of Nigeria (CBN) to import 262,000 metric tonnes of maize into the country.
The companies are:
Wacot Ltd
Chi Farm Ltd
Crown Flour Mills Ltd, and
Premier Feeds Company Ltd.
They confirmed that these are some of the biggest maize traders in the country. They will source their forex by themselves.
Our source said that they were selected based on their efforts in prioritizing backward integration in the country’s maize industry.
Backward integration here means that these companies selected because of their roles in the backward integration of maize might have owned or invested in other companies producing maize used by them.
So it is a good thing to support such companies instead of those only buying from the traders or outright importation.
Stay with us as we bring to you more on Agribusiness. We are also training interested persons on Agricultural businesses and importation too.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Jul 3, 2021 19:43:10 GMT 1
The Lagos State Government has sealed an illegally operating container terminal in Ibeshe in the Ikorodu axis of the State.
Speaking during the special operation in Ibeshe on Friday, the Commissioner for Physical Planning and Urban Development, Dr. Idris Salako said that the Lagos State Government had to move swiftly to prevent further nuisance in the built environment of Ibeshe by sealing the unapproved terminal, located beside the Government jetty in the area. He cautioned that Government would not tolerate in other parts of the State a replay of Ijegun-Egba and Satelite town, notorious for the unpleasant experience with tank firms and terminals, while decrying the destructive impact of the activities of the container terminal on the environment and the newly constructed Ebute- Ibeshe road. His words: "It is highly unacceptable that by indiscriminately parking containerized vehicles on the road and stacking containers in unbridled manner, an unapproved business activity would have so much impact on the environment so as to rapidly despoil the road constructed with tax payers money and constitute danger to children in the neighborhood" He explained that Government had a well established procedure for licensing terminals and mining activities on the shoreline, in such a way that all factors that make for livable and sustainable built environment would have been taken cognisance of. He urged anyone interested in the establishment of container terminals and sand mining to seek the approval of the appropriate authorities including the Ministry of Physical Planning and Urban Development, Ministry of Waterfront Infrastructure Development and Ministry of Energy and Miniral Resources among others. The Commissioner enjoined community leaders and members to maintain the surveillance of their communities and report any untoward Physical development. Mukaila Sanusi Assistant Director Public Affairs 2nd July, 2021. Source: m.facebook.com/story.php?story_fbid=10159159800811013&id=735776012
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