Tag: boost production

  • Gas: FG will boost production by 3.4bn standard cubic feet in 2020 – Kachikwu

    THE Federal Government plans to deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said yesterday.

    He spoke at the 2018 Graduation of Petroleum Training Institute (PTI), Effurun, Delta State.

    Represented by Mr. Idang Alibi, Media Officer of the ministry, Kachikwu said government had decided to invest in the Seven Critical Gas Development Projects to achieve the feat in 2020.

    He said that the government had commenced utilisation and monetisation of the abundant gas resources of the country.

    “The Federal Government has doubled her efforts in providing effective policies that will drive gas utilisation and commercialization,” he said.

    “We have decided to invest in the Seven Critical Gas Development Projects in Nigeria. These projects will deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020.

    “Also, the Federal Government is increasing attention to the eradication of gas flaring, utilisation and monetisation of the abundant gas resources of the country.

    “This is in realisation of the place of natural gas as the energy of the future, although, it is not yet Uhuru as a substantial quantity of this precious resource is still being wasted through routine flaring,” he said.

    Kachikwu said that two, out of the 38 approved modular refineries would be inaugurated in December, 2018, one in Delta and the other in Rivers, to boost fuel supply in the country.

    He also said that the government had set up a Steering Technical Committee to reposition PTI to take additional responsibilities toward meeting the targets for local content development in the oil and gas industry.

    “President Muhammadu Buhari has directed that the PTI School of Diving should be upgraded to international standards.  Efforts are ongoing to actualise the directives,” he said.

    The Principal of PTI, Prof. Sunny Iyuke, said the institution would continue to deliver on its mandate as contained in the Act establishing it.

    “I want to assure you that the Institute is on course to becoming the hub of human capacity development and contributing significantly to the Nigerian content in the petroleum industry,” he said.

    One thousand and eighty-six  graduands in the 2016/2017 academic session were awarded the Higher National Diploma (HND), National Diploma (ND) and PTI General Welding Certificates.

    A total of 637 graduated at HND level, 400 at ND level and 47 received the General Welding Certificate.

     

  • NIHORT moves to boost production

    The National Horticultural Research Institute of Nigeria (NIHORT ), Ibadan , Oyo  State is working towards increased productivity and overall production of horticultural products

    Its   acting Executive Director of the Institute Dr. Abayomi  Olaniyan stated this during a training programme held  collaboration with the Kord Resources Nigeria Limited to empower farmers in plantain, banana, ginger Value Chain development  in Ogun and Oyo states.

    Declaring  open  the  programme, Olaniyan  said plantain, banana and ginger are important agricultural commodities that can  produce returns in terms of income generation to farmers, and employment creation for unemployed  youths

    The Chief Executive said the statistics has shown that Nigeria has high comparative advantage in plantain production as the fifth largest producer in the world.

    He said  the potential can be maximised  by  encouraging  more farmers to participate in its production.

    On ginger,   Olaniyan further said  Nigerian grown is one of the best in the world market with  increasing  demand, “it was on this premise that we deliberately focused on each zone comparative advantage (agricultural products) to fashion  out a wealth driven value chain to get the products & produce for export. We are not  just  training the farmers and participants but we are also providing them with Starter kits to help them start something immediately we conclude the training process”.  He  anoounced   that after the training ,the team  will  move to South- south and South east to  train other farmers  on other agricultural products.

    The Training  Coordinator , Dr. Lawrence Olajide – Taiwo  said  the training on plantain, banana and ginger value chain development will help participants in  production, processing, packaging and marketing.

    He said the training is meant  train people on how to create wealth from plantain, banana and ginger.

    He highlighted the nutritional and health benefits of consumption of plantain, banana and ginger,urging the participants to explore other ways to creating derivatives  the three crops .

    The capacity building was held for three days at the  Ogun Osun River Basin Development Authority, Abeokuta, Ogun  State.  About fifty farmers  attended the programme.

    They  were  presented   starter kits such as industrial gas burners, cylinders, planting materials among others.

     

  • How to tackle rising food prices, boost production

    How to tackle rising food prices, boost production

    Despite several pro-growth and food security policies and programmes, many Nigerians are malnourished. Reason: skyrocketing food prices. To address the problem, participants at a forum organised by Akindelano Legal Practitioners (ALP), Lagos, advocated the adoption of technologies that will make crops resilient to weather and boost farmers’ income. DANIEL ESSIET reports.

    Policy makers, experts and scientists have canvassed an urgent action to engage more youths in agricultural production to tackle unemployment and food insecurity.

    More than 100 delegates from various sectors gathered in Lagos to discuss approaches to boosting agricultural production.

    Organised by Akindelano Legal Practitioners (ALPs), under the theme: Transforming Nigeria’s agriculture and agro-allied industry, the seminar looked at the challenges  facing the industry and what should be done to overcome them.

    The forum brought together agribusinesses and farmers.

    Participants agreed that the focus should be on resource-efficient technologies that make agriculture a viable source of income. These technologies can include improved irrigation systems, appropriate fertiliser and pesticide application as well as other technologies to make high-value agricultural production possible.

    The Deputy Director-General for Partnerships for Delivery, International Institute for Tropical Agriculture (IITA), Ibadan, Dr Kenton Dashiell , said extreme poverty and hunger would be a thing of the past if farmers and  researchers were innovative in the development of a sustainable and efficient agricultural sector.

    According to him, the stagnant state of commercial seed production is a key reason why yields per hectare are lower here than what farmers outside Nigeria achieve.

    Dashiell said more work was needed to improve seed systems, through encouraging local research institutes and locally-owned seed companies, and installing mechanisms to reach farmers with the “improved” seeds.

    He said the researches on cassava, maize, sorghum and cow peas were great successes for the farmers.

    He said farmers have a chance to boost their food production from researches conducted by the institute.

    Dashiell said: “If we can successfully achieve youth engagement in the agricultural sector, we will be addressing food security as well as the growing youth unemployment.”

    According to him, it was  high time the government and the private sector found ways to engage more youths in agricultural production, which is not possible without the support of leaders.

    Together, he  noted, that IITA  was ready to work with organisations  to find solutions to engage and attract more youth to agriculture; and one of the key solutions is to promote farming as a sustainable means of income, providing youths with financial support, spreading awareness about agripreneurship, and equipping them with best farming technologies.

    Ogun State Commissioner for Agriculture, Mrs. Adepeju Adebajo   said agriculture, and food processing sector should be efficient in terms of logistics, transit costs and infrastructure to be competitive. The proximity to various transportation platforms, according to her, would provide necessary infrastructure facilities and hinterland connectivity, thus ensuring a reduction in logistics costs.

    Mrs. Adebajo  maintained that  growing interest in Ogun  as a  business destination had led to more freight throughput and placed more pressure on its humble infrastructure. So, every  hand is on deck to address  inadequate infrastructure and high logistics costs which could hold back  progress.

    Vice President Corporate & Government Relations, Olam Nigeria, Ade Adefeko, urged farmers to step up efforts  towards improving competitiveness and productivity.

    Adefeko said Olam was investing $150 million in two state-of-the-art animal feed mills, poultry breeding farms and a hatchery to produce day-old-chicks in Nigeria.

    Of the $150 million, $100 million has been committed to building  facilities in Kaduna State while the balance will be invested in an integrated poultry and fish feed mill in Kwara State.

    Besides, there is also an ongoing  10,000-hectare rice farm and mill in Nasarawa State.

    Partner, Business Development and Research Department, ALP, John Delano said the firm’s seminar series was conceived in 2012 as a forum for discourse about commercial, practical and legal issues facing businesses as Nigeria seeks to navigate its way into a modern economy.

    Meanwhile, food prices  has  increased by 19.91 per cent year-on-year in June compared to a 19.27 per cent in May, according to statistics provided by  trading economics.com.

    The study showed that Nigeria has recorded the highest food inflation this year. Since February 2009, costs rose faster for meat, bread and cereals, fish, potatoes, yam and other tubers, oils and fats, milk, cheese, eggs, coffee, tea and cocoa.

    It said food inflation averaged 11.24 per cent from 1996 until this year, reaching an all-time high of 39.54 percent in September 2001 and a record low of -17.50 percent in January  2000.

    Similarly, consumer prices increased 16.10 per cent year-on-year in June, the least in 13 months, compared to 16.25 per cent in May.

    The study also added that consumer prices increased by 16.25 percent year-on-year in May, easing from a 17.24 per cent rise in the previous month.

    In addition, inflation rate fell for the fourth straight month to the lowest in 12 months, led by a general slowdown in prices.

    Yearly core inflation rate was 13.02 per cent, the lowest since March last year.

    Monthly, consumer prices increased 1.88 per cent.

    According to experts, food prices have risen at their fastest pace for more than three years as retailers passed on surging costs.

    Consequently, food retailers and restaurants have been grappling with rising cost from naira’s plunge in value, which makes it more expensive to import.

    It was learnt that cost of living hit high roofs as prices of food became all time astronomical, with increase in price climbing more than 200 per cent of their prices.

    For instance,  a bag  of 50kg  rice still sells for N18,000, despite efforts to bring it down  to  N13,000.

    A food seller, Abia Oyeneka,  lamented that the increase of food prices is beginning to be  worrisome.

    Reacting to this, two  experts, Dr  Paul Ilona and Dr  Olufemi Oladunni  called  for measures  to contain inflationary pressure with food price prices rising at their fastest pace in more than two years.

    According to them,price increases are the main economic problem in the country.

    Ilona, Country Manager, Harvest Plus Nigeria, called for intervention to tame inflation.

    Others steps, he mentioned, include price controls, especially on  staple food items, such as rice and garri.

    Oladunni, Acting Executive Director, Agricultural and Rural Management Institute (ARMTI), Ilorin, Kwara State, noted that increased demand for food items was pushing up prices.

    He  stressed the need to  encourage more Nigerians to invest in agriculture to contain inflation.

    According to him, the  whole issue of food price management is essentially a question of ensuring adequate supplies and removing bottlenecks in distribution.

     

  • Dangote Sugar buys $35m machinery to boost production

    Dangote Sugar buys $35m machinery to boost production

    Dangote Sugar has acquired $35 million farm machinery from Panafrican Equipment to meet its national sugar master plan.

    Dangote’s Group Managing Director, Graham Clark, spoke at the weekend in Lagos during the handover of the equipment on Tin Can Island, Apapa.

    He said the equipment would enable the company to boost its sugar production and meet the Federal Government’s local content policy.

    Clark said: “This purchase is in line with the Backward Integration Policy (BIP) of the Federal Government and The National Sugar Development Council (NSDC). This is yet another milestone in the Dangote Sugar’s journey as we work towards the achievement of our strategic sugar master plan to locally produce 1.5 million metric tonnes of sugar per annum.”

    Panafrican Equipment’s Group Managing Director Scott McCaw said the sale was the company’s biggest deal hin the Agricultural sector in Africa.

    McCaw said the deal was in line with Federal Government’s transformation agenda to promote agriculture.

    He said: “We are delighted to have been chosen by Dangote Sugar as a major supplier for their agricultural expansion project in sugar production. We look forward to building on this relationship and to being their partner for development in Nigeria now and in the future.

    “As the sale includes a long-term maintenance support and parts supply contract, we expect to maintain a critical role in helping Dangote Sugar achieve its goals in the sugar backward integration project.”

    The Panafrican Equipment Group is a leader in mining and construction equipment and in providing after-sales support.

    Speaking at the equipment handover ceremony on Tin Can Island Port, McCaw described it as a ‘landmark sale’ adding it is Panafrican’s biggest deal within the agricultural sector and in Africa. He opined that the sale is in line with the Nigerian 2010 transformation agenda to drive growth in the agricultural sector.

    Dangote Sugar’s subsidiary, Savannah Sugar Company Limited in Numan, Adamawa State, is poised to meet the target.

    The company is located on 32,000 hectares of land with a 50,000 MT/PA sugar production capacity. It has 5,000 hectares of sugarcane being harvested for sugar production.

    Plans are said to be underway for additional N180 billion investment for the company’s sugar production in Sokoto, Kebbi, Kogi, Kwara, Jigawa, Taraba states, among others.