Oil-producing States to Support Market Development in Niger Delta

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  • Oil-producing States to Support Market Development in Niger Delta

The Deputy Governor of Imo State, Prince Eze Madumere, has reiterated the commitment of oil producing states to work with development partners to lift indigent Nigerians of the Niger Delta extraction out of poverty.

Madumere gave the assurance when he received the Team Leader of the Market Development in the Niger Delta (MADE), Tunde Oderinde, who was in the state to officially launch the N80 million Technology Adoption Grant (TAG) to support palm oil processing, fish smoking and improved harvesting technologies in the region.

Claims of neglect are often cited as reason for the current agitations and militancy being experienced in the region.

The Deputy Governor said the nine states in the Niger Delta – Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers, are willing to work with development partners especially the Department for International Development (DFID), in the quest to alleviate poverty in the region.

He said given the importance the Imo State Government attached to the various interventions by development partners that it mandated the state’s Directorate for Employment and Job Creation, to always work closely with stakeholders to ensure that benefitting local governments and communities reaped maximum gains from all interventions.

Earlier, Oderinde said the launch of the N80million TAG was meant to serve as an intervention fund aimed at stimulating performance in select agriculture value chains in the Niger Delta.

Oderinde said the TAG fund, which is managed by MADE programme of the DFID will be awarded to eligible individuals and enterprises with focus on palm oil processing, fish smoking and improving harvesting technologies through a competitive grant process.

He explained that the opportunity was open solely to individual businesses and enterprises domiciled and operating in the Niger Delta, adding that successful bids can receive up to a maximum of N1.1million depending on the funding window.

Shedding more light on the funding windows available for the grant, Oderinde said the first funding window was for small scale businesses with focus on fish smoking.

He said the funding window will give fish smokers access to new fish smoking kilns with its attendant benefits, which include safety from fire hazards, improved efficiency (the time it takes to smoke fish), improved smoking capacity and reduction in the cost of doing business.

Oderinde explained that 80 units of 50-75kg kilns, 20 units of 100kg kilns and four units of 200-250kg kilns were available for Rivers, Bayelsa, Akwa Ibom, Delta, Edo and Cross River states under the first funding arrangement.

He said for palm oil processing technologies, MADE was working on getting fabricators to collaborate with leading commercial millers to organise demonstrations on the benefits of the use of improved processing technologies and practices for other millers and mill users and farmers, provide good quality machines and also after sale support services.

According to him, the intervention would lead to increased awareness on the benefits of new processing technologies and in turn, increase demand for the technologies by millers and mill users, thus leading to increased yields for market actors.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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