Tag: secures

  • Tata secures tractors’ distribution rights

    Tata Motors Nigeria has secured the distribution rights to sell and distribute the American John Deere spec brand of farming tractors.

    The range includes harvesting machinery equipped to promote agriculture and help farmers plough and work on their farm lands with ease.

    Manging Director of Tata Nigeria, Mr Sundeep Ray , said the tractors are fast emerging as a leading player in the market, providing stiff competition to established names.

    With features such as rugged chasis and bigger loader basket, he said the tractors, which are competitively priced, are gaining popularity among farmers.

    He said the company wil give farmers, contractors and other rural businesses a flavour of improvements to the services it provides.

    Tata, which said it, will provide nationwide service and dealership of the equipments is optimistic that its packages will promote joint ventures between the state governments of farming states and farmers cooperative societies.

    Ray said that the company is working on facilities of easy instalment payments and urged farmers to key into the initiative for the development of the country.

    He also assured that the John Deere brands are cost effective and with all the trappings of competitive prices through the finance schemes that come with the package.

    It also plans sales and distribution of top agrochemicals and agro materials to aid farmers in their cultivation.

    He said:“We are here to provide solutions and improve productivity and to add value to the knowledge of the farmers.

    “Tata guaranteed its prospective clients of the availability of all the machine spare parts for easy servicing.”

  • Fed Govt secures $7.8b investments in agric

    The Federal Government’s Agricultural Transformation Agenda (ATA) has secured private sector investments worth $7.8 billion, the Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina has said.

    The minister said the World Bank, International Fund for Agriculture Development (IFAD), Bill and Melinda Gates Foundation, among others, also committed resources to support the transformation plan.

    Adesina spoke at the opening of the National Agricultural Show in Nasarawa State, adding that plans are on-going to setup area-based flood insurance schemes for farmers to compensate them for floods and drought in their communities.

    He said: “The Agricultural Transformation Agenda in Nigeria is well on course. We have been able to attract $7.8 billion of private sector investment commitments into the agriculture asector in the past one year.

    “The world is noticing. The World Bank is providing $500 million. The Bill and Melinda Gates Foundation have selected Nigeria as a priority country for its investment in agriculture. The International Fund for Agriculture Development has put up $80 million. The USAID has committed $60 million. And the DFID, Ford Foundation and Rockefeller Foundation have committed for technical support facilities.”

    Speaking on farmers affected by flood, the minister said government is to develop policies that will protect farmers from the impact of climate change.

    “The flood is a wake-up call, with changing weather patterns; we must now develop policies for protecting farmers from the impact of climate change, especially droughts and floods.”

    He said as part of the flood recovery food production initiative, the ministry is distributing 1,000 pumps to farmers to used for flood recession food production in the dry season.

    Adesina, who assured that there won’t be food crisis in the country, said government would embark on a flood recession food production intervention to support farmers .