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Tag: African Food and Beverage Event

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Travel Protocol to Nigeria changes today

April 4, 20220

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

March 28, 20220

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

March 28, 20220

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

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BUA Foods profit rises to N21.25Bn

January 20, 20220

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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Nigeria’s Dairy Imports Stands at $1.5bn Says Nanono

April 1, 20210

Mohammad Nanono, the Minster of Agriculture and Rural Development, announced earlier this week that Nigeria imported over $1.5billion on dairy products. 

Nanono made the announcement this week during the annual ‘National Dairy Policy Stakeholders Engagement’ which took place in Abuja. He highlighted at the consumption of bulked milk is less than 20& of the local potential, and that Nigerian’s milk production accounts for only 13% of the West African production.

He indicated “The per capita consumption of milk is eight litres per year representing very low consumption levels when compared with the global averages of 44 litres of milk”.

As a result, the neglect in the livestock industry has had a large negative effect on the nations import bill.

He continued “Around $5billion worth of food is imported yearly into the country, out of which milk and dairy products account for around $1.5billion. Hence the annual dairy consumption is met by 60% imports and 40 per cent local production.”

Mr Nanono assured the Ministry of Industry Trade and Investment is committed to providing sustainable access into affordable qualities of food to all Nigerians with the intention of boosting local food production with the intention of being self sufficient.

Minister of Industry Trade and Investment, Otunba Adebayo, announced that Nigeria’s annual production of milk stands at 672 million litres, against the annual demand which is reported to be around 1.6billion litres, which hugely suggests that the nations production can not effectively meet the level of demand.

He continued to say that Nigeria currently has cattle stock with over 20 million cows, however only around 2.3 million are utilised for large scale dairy production. This is substantially lower than intended amount which is insufficient to meet demand.

For more information about the West African Food and Beverage sector, please Click Here

Source: Vanguard Nigeria, April 2021

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Bed occupancy in Lagos COVID-19 centres decreased to 8%

March 18, 20210

Prof. Akin Abayomi, the Lagos State Commissioner for Health, has announced the bed occupancy in the states public and private COVID-19 care centre has reduced from 60% to 8%.

Adayomi made the announcement Thursday evening via his verified Twitter account. He indicated that as of the beginning of February, the bed occupancy within both private and public COVID-19 centres has dramatically declined. His research indicated that 5 out of the eleven private and public care centres in the state were completely empty.

Finally indicating that 520 beds were available from the total across the 11 COVID-19 care centres. The positive news comes a number of days after the Government have announced the COVID-19 vaccine inoculations have begun.

For more information about the West African Food and Beverage sector, please Click Here

Source: The Guardian, March 2021

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Update: COVID-19 Vaccines arrive in Nigeria

March 3, 20210

Nigeria have received nearly four million doses of the COVID-19 AstraZeneca/Oxford vaccine, shipped via the COVAX Facility, a partnership between CEPI, UNICEF, Gavi and WHO (World Health Organisation). 

It is believed that COVAX have delivered 3.94 million doses of the life changing vaccine, which arrived from Mumbai into Abuja around 11:30am yesterday morning.

Presidential aid, Bashir Ahmad, tweeted yesterday “Nigeria has just received the first batch of Oxford/AstraZeneca Covid-19 vaccine”. The welcomed news comes as the nation plans to successfully vaccinate 40% of the Nigerian population this year.

UN Resident Coordinator in Nigeria, Edward Kallon, stated “The UN Country Team in Nigeria reiterates its commitment to support the vaccination campaign in Nigeria and help contain the spread of the virus.

“The arrival of these vaccines in Abuja today marks a milestone for the COVAX Facility in its unprecedented effort to deliver at least 2 billion doses of COVID-19 vaccines globally by the end of 2021”.

In accordance with the National strategy, front healthcare workers will be inoculated first.

WHO representative in Nigeria, Dr Walter Kazadi Mulombo, said “It is heart-warming to witness this epoch-making event and WHO wishes to congratulate the government of Nigeria for its participation in the global vaccine collaboration (COVAX) efforts and its commitment to protecting Nigerians against this pandemic.

“Vaccines are a critical new tool in the battle against COVID-19; therefore, this is a step in the right direction. These vaccines have undergone rigorous regulatory processes at global and country level and have been deemed safe and effective.”

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Source: The Punch, March 2021

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Nigeria to Receive 16m Vaccines says UK Government

February 10, 20210

The UK Government have announcement yesterday that the Global Vaccine Alliance (GAVI) have agreed that Nigeria will be among the first group of countries to receive 16 million free doses of COVID-19 vaccines through the COVAX Global Vaccines Facilities. 

The British High Commission Office released a statement to the the News Agency of Nigeria (NAN) indicating that the free doses will be widely available in the first half of the year.

In the statement, GAVI released the first forecast of countries which are widely available to receive COVID-19 vaccines via the COVAX Advance Market Commitment. The COVAX statement highlighted that it is allocating 330 million vaccine doses to low and lower middle class income countries, including Nigeria.

“As one of the 92 ODA-eligible countries participating in the COVAX AMC initiative, Nigeria will benefit from this arrangement and access free vaccines to cover at least 20 per cent of its population, and the UK is playing a supportive role in ensuring an effective and equitable introduction of COVID-19 vaccines, “it said

The UK are are regarded to be the leading nation tackling the COVID-19 pandemic internationally and so far have pledged over 1.3 billion pounds in UK aid to end the corona virus pandemic as swiftly as possible.

The UK are respected to be one of the largest donors to GAVI, the Vaccine Alliance, which over past two decades have contributed towards updating cold chain infrastructure and improving immunisation procedures in low income countries around the world.

Catriona Laing, The British High Commissioner, stated “This news on the COVAX global COVID-19 vaccine rollout brings us one step closer to delivering vaccines to millions of Nigerians”.

She continued “I am please to announce Nigeria will get millions of these free available doses by the end of 2021”.

This positive announcement comes after the BUA Group announced they will be providing 1 million free COVID-19 vaccines to Nigeria in the upcoming weeks.

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Source: This Day, February 2021

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BUA Group Purchases 1 million Doses for Nigeria

February 9, 20210

The BUA Group, one of Africa’s largest conglomerates, has purchased 1m doses of the AstraZeneca Covid-19 vaccine for Nigeria.

The doses are expected to arrive next week and contribute towards vaccinating Africa’s largest populous nation. The BUA shipment of vaccines will be Nigeria’s first lot since vaccines have become available. A statement released by BUA founder, Mr Abdul Samad Rabiu, thanked the coordination of the Nigerian Central Bank Governor, Godwin Emefiele, and the president of the Afrexim Bank Dr Benedict Oramah for initialy making the purchase of the 1million vaccines.

“BUA decided to secure these 1million vaccines by paying the full amount for the vaccines today because these vaccines became available only last week through AFREXIM. We expect the vaccines to be delivered within the next 14 days and hope priority will be given to our frontline workers who have committed their lives to managing the pandemic,” Rabiu said.

Rabiu later added “In addition to the 1m doses purchased, BUA Group are committed to purchasing an additional 5 million doses for Nigeria as soon as they become available’.

The first group to be inoculated includes Health care workers and front line staff members. This approach has been taken by many nations around the world in an attempt to protect those most at risk of the virus.

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Source: This Day, February 2021

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South Africa receives first shipment of COVID-19 vaccines

February 2, 20210

South Africa yesterday received their first shipment of 1 million doses of the AstraZeneca vaccine produced by Serum Institute of India. 

The life changing vaccine arrived in Johannesburg’s O.R. Tambo International Airport yesterday evening and were greeted by South African President Cyril Ramaphosa. The original shipment will be followed by an additional 500,000 doses expected to arrive next month.

The AstraZeneca vaccine will prioritised to inoculate South Africa’s front line Health workers, which will open the vaccine roll out campaign. Although the vaccines have been transported, they will not be administered to healthcare workers until mid-February, after the vaccines have been approved and tested by the South African drug regulator authorities, The South African Health Products Authority.

Director of the Africa Health Research Institute, Professor Williem Hanekom stated “The arrival of the first vaccines is excellent news and a step in the right direction for South Africa.” South Africa has been dominated recently with the transmission of new variant, which scientist believe originated in the country, however Hanekom said that initial trails of the AstraZeneca vaccine indicates that all various inoculations will still offer good protection against the virus.

“So it doesn’t matter the level of efficacy, the vaccines all seem to work pretty well against severe disease and death, even against this new variant, it appears. And that is very good news,” Hanekom said.

The South African government plans to inoculate around 40 million people, which represents 67% of the countries population, by the end of the year.

South Africa’s inoculation efforts received a significant boost recently as the government was able to acquire 20 million doses of the Pfizer vaccine. The doses are expected to arrive in second quarter of the year, the South African government stated recently to the associated press.

In the up coming months, South Africa is expecting to receive 12 million vaccine doses from the international COVAX facility, an additional 9 million from the Johnson and Johnson vaccine (once approved), and a estimated 20 million doses from the African Unions vaccine acquisition task team. Although these vaccines are expected to arrive in the next 12 months, an additional 20 million vaccines will need to be sourced in the near future to meet the governments inoculation targets.

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Source: ABC News, February 2021

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