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$100,000 prize for food sector Innovators

The Nigeria Prize for Science 2022 has been won by Local innovations on ensuring food security in the country.

The Nigeria LNG Limited (NLNG) created the award as a liquefied natural gas (LNG)-producing company and a liquefied natural gas plant in Bonny Island, Rivers State.

The prize for science is for scientists the world over, who find answers to “Nigerian” problems, is how it has been advertised by the advisory board.

The winners were announced by Professor Barth Nnaji (engineer, former Minister of Power, one of the E-Design concept inventors) at a press conference in Lagos, stating that the two most outstanding works on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivators under Drought and Well-Watered Conditions” by Muhydideen Oyekunle and Shehu Ado, and “Development of Process Plant for Plantain Flour” by Sesan Peter Ayodeji and Emmanuel Olatunji Olatomilola. They won the $100,000 between them.

The winners were a Maize Breeder and lecturer at the Institute for Agricultural Research at Ahmadu Bello University and his colleague, Prof. Shehu Garki Ado, an agricultural expert and  professor of Genetics and Plant Breeding, is also currently the vice chancellor of Al-Qalam University, Katsina.

The other winners were Sesan Peter Ayodeji is a professor of Machine & Process Design and Applied Ergonomics at the Federal University of Technology, Akure and his colleague is Emmanuel Olatunji Olatomilola.

“At the global level, Goal 2 of the Sustainable Development Goals (SDGs) seeks sustainable solutions to end hunger in all its forms by 2030 and to achieve food security. This entails improving the productivity and incomes of small-scale farmers by promoting equal access to land, technology and markets, resilient agricultural practices and sustainable food production systems,” Nnaji stated that the works address the need for food security which is on Nigeria’s National agenda. He said the judges decision reflects a lot of the 2022 theme.

“The maize seeds they selected courtesy of breeding programme have been tested to be high yielding and water stress tolerant. The hybrids they selected record yields of 1.73-2.51 t/ha in stress areas and 5-6 t/ha in areas with good rainfall distribution in farmers’ fields,” Nnaji thinks the work by Muhyideen Oyekunle and Shehu Ado’s on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivars under Drought and Well Watered Conditions” provides the country with opportunity.

Nnaji said Susan Peter Ayodeji and Emmanuel Olatunji Olatomilola’s work on “Development of Process Plant for Plantain Flour” will help for reducing spoilage and the distribution of the packaging of farm products.

Source: The Guardian, September 2022

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New Agricultural Institutes unveiled

President Muhammadu Buhari approved to establish 6 different institutes, one for each geopolitical zone,  for areas of agricultural machinery and equipment development across Nigeria. The aim is to reduce import and in turn conserve foreign exchange.

The opening statement from Executive Vice Chairman/Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammed Sani Haruna, was this: “It is a case of a promise kept by the President Buhari administration, as the establishment of the agric machinery institute, Lafia targets the provision of 10 million jobs for unemployed Nigerian youths through economic diversification, especially exploring the gains of agriculture in nation building.”

Gambari stated that AMEDI (Agricultural Machinery and Equipment Development Institute) shows the federal government is committed to developing technology in the economy and that it was one of the key elements of public issue with the financial system.

There will be a pilot farm showcasing modernised technique, technologies and extension services for the agricultural sector throughout the nation.

Ibrahim Gambari spoke through the special assistant to the President Foreign and International Affairs: “Today, we are here to kick off another flagship project with the establishment of AMEDI, Lafia, building on the remarkable success of the other NASENI development institutes across the country. We are confident that AMEDI, Lafia will serve as the cradle for nurturing professional engineers and scientists with proficiency in the design and manufacturing of diverse agricultural machinery and equipment. I am sure that AMEDI will in no time emerge as a centre of excellence in agricultural machinery and equipment design to enable Nigeria to scale new heights as the paradise for agricultural produce and a hub for agro-allied technologies.”

He praised Governer Abdullahi Sule saying it was taking the bull by the horns and that Professor Haruna did well for getting the project into existence.

Gambari expressed the need for support from AMEDI and NASENI once the project is in full swing.

“The Presidency will constantly provide the needed support for AMEDI and NASENI in developing new products to promote a diversified economy for our beloved nation.

“Home-initiated and home-sustained industrialisation is key to achieving a sustainable economic recovery for Nigeria because technology is the secret behind the Asian, European and American magic,” he added.

Source: The Guardian, August 2022

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Oyetty Meals launches as West African food company in UK

The founders of Sami’s Online, the Afro-Carribean online store, have launched Oyetty Meals, a new West African ready meal brand.

The couple found a gap in the market for African cuisine and wanted to fill it. All the ready meals are made with an emphasis on making them authentic, healthy and like home-cooked African meals. They are using organically grown ingredients, with the majority sourced from West Africa.

The different meals available are Afang Soup, Asun, Bitterleaf Soup, Efo Riro, Egusi Soup, Ewa Agoyin, Nkwobi and Smokey Jollof.

“We are delighted to be bringing Oyetty Meals to the market,” comments Olusegun Akande who founded the business with his wife Oyetola Isola (pictured). “COVID had a huge impact on our business, meaning we had to pivot, and fortunately the online side of the business really took off in 2020. The success meant we could invest money back into the business and offer convenience meals as another option. After two years in the making, we are delighted to be able to offer our meals, which are cooked with care and flare by our expert chefs to our longstanding customers. They have been crafted to balance nutrition, taste and most importantly the Nigerian authentic flavour.”

“We love good food, and we believe a good diet contributes to good health and a happier life,” says Isola. “We want everyone one to be able to enjoy tasty authentic Nigerian dishes without the fuss of sourcing ingredients, scanning recipes and most especially finding the time to cook it.”

The meals are classically microwaveable in around 3 minutes, and frozen from fresh to retain nutrition and flavour.

On top of the new business venture, the pair have launched the Oyetty Foundation, which provides 5% of sales from Oyetty Meals to provide for support, help and information to Nigerian families with children having additional and/or special needs.

Source: Natural Products, July 2022

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Food and Beverage West Africa 2022 a massive hit

As the event wound down, exhibitors from five continents looked back at the past few days in Lagos at the fourth Food and Beverage West Africa Exhibition in Lagos, Nigeria. They counted themselves privileged to be part of the 200 exhibiting firms to showcase their products in the Nigerian market.

Managing Director from BtoB Events (the organisers of the show) Jamie Hill, exclaimed that he was impressed by the number of companies that showcased. It meant the Nigerian people had opportunity to make partnerships and deals with prominent brands from their industry.

 “When it comes to big business for the Food and Beverage West Africa Exhibition in the sub-Saharan Africa region, which is the largest food and beverage trade exhibition, the right place to be is Nigeria.

“We are humbled and honoured to host the fourth edition here again. We have over 200 exhibitors from across 40 to 50 countries, spanning five continents.

“I will like to say how impressive I am with the local exhibitors here from Nigeria. We want to do everything we can to support our local businesses. We want them to come and flex muscles with the big players across the world.”

“Hopefully, we expect them to grow their businesses and begin to also export to other countries. This, really, would drive the Nigerian economy in the post-pandemic era.”

Sharmeen Foods, a leading Pakistani exporter of Dates exhibited and their Deputy Manager, Key Accounts (Export), Syed Ziyad Hussaini, submitted: “In this year’s show, we had a wide range of products from pitted to chopped and organic pitted dates, in addition to fruit bar and dairy biscuits etcetera.

“This is the first time we are here in Nigeria, and we are very happy with the hospitality and everything we have enjoyed since our arrival in the country.

“We are impressed with the turnout and very comfortable with the services offered us. I must say that the organisers have done a very good job, and I really wish them good luck in the next edition, as we look forward to coming back.”

Source: The Guardian, June 2022

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UN believe West African food economy will hit $480bn by 2030

Matthias Schmale, the UN’s Resident and Humanitarian Coordinator in Nigeria has stated that the West African and Sahel sub-regions food economy is projected to hit $480 billion in 2030.

At the 13th Multidisciplinary Team Meeting of 15 West African countries and Sahel sub-region held in Abuja, where they were brainstorming the way forward for the food and nutrition situation in the region Schmale announced this. The meetings theme being “Joining Efforts to Build Resilient Agrifood Systems in West Africa and Sahel”.

The FAO (Food and Agriculture Organisation) of UN is where the growth will be attributed to, by their systemic approach undertaken in maintaining the development in the fight against hunger, poverty and progressing to deliver other Sustainable Development Goals (SDGs). The challenges being faced by West Africa’s agri-food sources are a declining natural resource base, recurrent natural and human-caused disasters, climate change, and rising insecurity.

By appealing to West African countries to seize the opportunity to build resilient systems throughout the region and align with the FAO’s framework to address structural policy constraints, he’s noted these significant trends will provide the prospects of production increase, value increase, create jobs and food security in turn.

FAO representative in Nigeria and to the Economic Community of West African States (ECOWAS), Fred Kafeero, said FAO emphasised on the area of data and analytics for the generation of evidence to guide responsible investments and partnerships for food systems transformation.

“We are glad our partners from ECOWAS are joining us to advance food security and nutrition in West Africa and to contribute to knowledge sharing regarding challenges, threats, and opportunities to move agri-food systems in the region towards sustainability.

Minister of Agriculture and Rural Development (FMARD) Dr Mohammad Mahmood Abubakar assured of government willingness to partner with FAO and other development partners in driving for a resilient agrifood system in the country in particular and in West Africa and Sahel in general.

The News Agency of Nigeria(NAN) reports that the three days meeting expected over 200 delegates from the ECOWAS member states including senior officials, ministers and commissioners of agriculture, FAO staff, regional technical organisations, Civil Society among others to participate.

Source: The Guardian, March 2022

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Ibadan marks 15th Outlet opening for FoodCo

The retailer, which is among the top five supermarket chain owners in the country has outlets spread across Oyo, Lagos and Ogun States.

 Ade Sun-Basorun, Chief Executive Officer of FoodCo, said that this move is meeting evergrowing retail demands in the Country.

“We are excited to announce the opening of FoodCo’s 15th outlet. Given that Ibadan is the birthplace of the brand, FoodCo shares a special relationship with the city and we have continued to enjoy enormous goodwill and support from our teeming base of customers and well-wishers since we opened our first shop almost 40 years ago,” he stated.

FoodCo is a customer-focused brand, built on values of delivering customer satisfaction and growing for the benefit of all their stakeholders.

“This is a major motivation behind our investments in deepening modern retail penetration in the country in order to meet the increasing demand from the bourgeoning middle-class and sophisticated customer segment who crave the convenience, quality assurance and superior customer service that the sector offers,” Sun-Basorun added.

The new outlet has a Quick Service restaurant offering local and international cuisines including delicious pastries, it holds groceries and household products also.

FoodCo was established 40 years ago as a diversifying consumer goods company with retail, quick service restaurants, manufacturing and entertainment as their markets.

The company operates the largest supermarket chain brand in South-West Nigeria, outside Lagos, and is currently only one of two omni-channel retailers in the country.

 

Source: FoodbusinessAfrica, April 2022

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Travel Protocol to Nigeria changes today

The Federal Governments Covid-19 protocol for entering Nigeria changes today.

Boss Mustapha, the Chairman of the Presidential Steering Committee for Covid-19 has advised.

Any in-bound passengers to Nigeria that are fully vaccinated need not take any pre or post flight PCR tests and rapid antigen tests.

Any child under the age of 18 is under the same bracket as a fully vaccinated adult in the new protocol document.

For the unvaccinated and partially vaccinated a PCR test 48 hours before departure is required, along with the 2 and 7 day post arrival PCR tests, at their own cost.

All-inbound passengers, regardless of vaccination status, are expected to register via the online Nigeria International Travel Portal (NITP– https://nitp.ncdc.gov.ng).

All passengers travelling out of Nigeria are “encouraged to have evidence of full vaccination against COVID-19; comply with the COVID-19 guidelines of their destination or transit countries; and to familiarize themselves with the COVID-19 travel requirements of their destination and transit countries before embarking on the journey.”

Source: Channelstv, April 2022

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Importation of food rises to almost N2 trillion

Food importation has risen despite CBN’s efforts to promote local market.

The Central Bank of Nigeria’s efforts to bring up the agricultural output for an insurance of food security to Africa’s highest populated nation has been monopolised by the recent food importation figures. In 2020 the level rose from N1.19 trillion to N1.97 trillion in 2021, amassing a 42 percent increase.

This is in contrast with Nigeria’s agricultural export earning N504.89 billion in 2021, 57% more than the year previous (N321.54 billion), and 87% from 2019 where it came to N268.83 billion. 

This meant a deficit of N1.46 trillion, according to figures released by the National Bureau of Statistics (NBS).

Agriculture has been the largest economic sector at 25.9% of GDP (Gross Domestic Product) in 2021, at an estimated value of N18.74 trillion, but still doesn’t meet the demand locally so cannot be meeting export needs.

The growth is still lower than the year previous, being at 2.14% whereas then it hit 2.17% in 2020.

 

The latest CBN Monetary Police Committee (MPC) information said the apex bank intervened in manufacturing/industries, agriculture, energy/infrastructure, and healthcare, and other sectors.

Over November and December 2021, the CBN spent N75.99 billion to help the farming of over 383,000 hectares of maize, rice, and wheat under the Achor Borrowers’ Programme (ABP).

Overall that put the full amount spent to N927.94 billion to over 4.5 million farmers for 21 cultivation projects across the country.

Two larger scale projects were financed by the CBN, where they released N1.76 billion under the Commercial Agriculture Credit Scheme (CACS).

Trade internationally rose 58 per cent to N39.8 trillion in 2021, largely driven by imports worth N20.84 trillion; 64 per cent higher than N12.7 trillion in 2020. Exports rose 51 per cent to N18.91 trillion.

Foreign trade deficit grew to N1.94 trillion from N178.3 billion in 2020.

The rise in Crude oil export was 53 per cent to N14.41 trillion, from N9.44 trillion in 2020.

Non-crude oil export fetched N4.49 trillion, 46 per cent higher than N3.08 trillion in 2020.

Source: Niche, March 2022

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Food & Beverage West Africa returns to Lagos in June

Trade show expands due to growing demand for exhibitor space

Food & Beverage West Africa is taking on a bigger show area when it returns to Lagos in June. Already the largest food and beverage exhibition in Sub-Saharan Africa, the post-pandemic demand for in-person trade events means FAB West Africa 2022 is having to expand into new exhibition space at the Landmark Centre on Victoria island. This could make it the largest food and beverage exhibition on the African continent.

More than 220 exhibitors from over 40 countries will be taking part and over 5,000 visitors are expected to come to FAB West Africa 2022. The show, which runs from Tuesday 14th June to Thursday 16th June, will also be the first exhibition to use the new third hall at the Landmark Centre.

FAB West Africa is being organised by BtoB Events, with Just Food and NASCO group as Gold Sponsors are. FAB West Africa’s success derives from the extensive opportunities it provides to find out about the latest food and drink developments and to sample products being launched in Nigeria and the region. A number of country pavilions will showcase international ranges.

BtoB Events Managing Director Jamie Hill says: “After the huge success of FAB West Africa 2021, I cannot wait to bring the largest edition of the Food and Beverage West Africa exhibition back to Nigeria. This year’s exhibition has seen an incredible increase in demand for exhibition space and will host exhibitors from across 40 countries and 5 continents.

“The previous edition back in September 2021 was a huge success, despite certain covid and travel restrictions. So for 2022, and the first edition since international travel was relaxed, we have seen a surge in demand for exhibition space. This exhibition will sell out so should you want to exhibit, get in touch today.”

Businesses wanting to book an exhibition stand or to enquire about sponsorship opportunities should contact info@fab-westafrica.com or +44 (0) 2476 158100

Free admission is available for visitors who preregister for the event at https://www.fab-westafrica.com/pre-register/. Alternatively, there will be a 1,000 NGN fee for non-registered attendees on the door.

Regular updates are also available via the FAB West Africa WhatsApp group on +234 818 381 8456

To pre-register for free Click Here

 

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BUA Foods profit rises to N21.25Bn

BUA foods Plc have reported a operating profit of N21.25Bn for the first 9 months of 2021, a significant increase from the N18.96 in the same period from the previous year. 

BUA Foods Plc, which recently listed on the Nigerian Exchange Limited at the beginning of this month, stated their net profit increased to N16.56bn, a increase of N1.03bn in comparison to the same period within 2020.

Mr Abdulsama Rabiu, the BUA Group Chairman, stated the company was determined to increase opportunities available within the agribusiness in an attempt to increase food security and growth for both Nigerians and African’s.

The Chief Executive Officer, NGX, Mr Temi Popoola, was quoted as saying the listing marked a new beginning for BUA Foods, saying the company could leverage services the Exchange offers to achieve its strategic objectives.

He said, “BUA Foods has experienced an upward trend in share price, market capitalisation, and trading activity since its listing on the Exchange. At NGX, this milestone transaction is in line with our strategic objectives to improve listings and enhance investors’ participation in our market.

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Source: Punch, January 2022

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