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FG Consults UK Experts on Yam Preservation



yam production
  • FG Consults UK Experts on Yam Preservation

The federal government has invited yam specialists from the United Kingdom to liaise with local exporters on the preservation of the food crop.

This was disclosed by the Senior Investment Adviser to the Minister of Agriculture and Rural Development, Irede Ajala, at a diversity dialogue organised by Synergos in conjunction with the Bill Gates Foundation on how to drive an inclusive economy through youth in agriculture.

Ajala said the British experts will enlighten the local yam exporters on the importance of food safety, standardisation, food health and quality control, adding that for Nigeria to compete in the global yam market, it must uphold international best standards.

Ministry of Agriculture officials sealed the deal during their visit to the UK, two weeks ago, to investigate the allegation that some Nigerian yams were rejected at UK ports for being substandard.

While he insisted that at no time were Nigerian yams rejected in UK or the United States, the aide to the minister, said Nigeria loses 30 percent of its annual yam harvest because of inadequate storage facilities.

“These are the burning issues we want to address; the Nigerian yam farmer needs to get more seeds at low prices. The government has also created a machine that helps in heaping yam and mechanising its production, to encourage businessmen to go into selling yams locally and for the export market. Agriculture has been the main driving sector of the economy over the past two years. So, it is only sensible for a people to canvass for more support for that sector,” Ajala said.

Though Nigeria accounts for 67 percent of world yam production, less than one percent of the output is exported.

The Country Director Synergos, Adewale Ajadi, predicted that the profit from yam, in the long run, will outgrow the income from crude oil.

Ajadi said that a tuber of yam is old for N500 locally but in the UK, a small tuber of the same yam goes for£7.

“N500 is less than £1 so exponentially there is a benefit for a farmer who can export this product. We waste about 70 percent of our agricultural produce every day. We need to use what we have to get what we need,” he said.

He added that Synergos had also been engaging government on the feasibility of organic industrialisation whereby the cassava peels, usually discarded as a waste product, can be converted into feed for cattle.

He said young farmers were already talking about 2028 and how to transform the country from a country of consumers to that of producers, adding agriculture is going to be Nigeria’s source of world excellence.

The founder of Synergos, Peggy Dulany and the Special Adviser to the President on Social Protection Plan, Mrs. Maryam Uwais and a representative of Benue State Governor, Prof Dennis Tyavyav, were among the dignitaries that attended the diversity dialogue.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


BUA, Kainos Exploration to Drag Each Other to Court Over $20 Million Scandal



BUA Cement Logo

BUA Group on Monday threatened to drag Mr James Onyejekwe, the Managing Director of Kainos Exploration to court over a publication that claimed the Group was involved in a $20 million scandal.

BUA stated in a statement issued on Monday.

It stated that the publication engineered by Mr Onyejekwe was a “clear intent to impugn the integrity and reputation of BUA Group and its Chairman, Mr Abdul Samad Rabiu.”

BUA takes its reputation seriously and we will continue to do everything to protect it from anyone and any entity who obstructs our mandate to conduct business in a proper, legal and socially-responsible manner.

“BUA will, therefore, utilise its legal and human resources to resist every campaign of defamation and distraction,” the statement further said.

The leading cement manufacturing company said its independent investigation showed Mr. Onyejekwe was behind the false story that went viral online.

We have, therefore, instructed our legal team to immediately commence criminal defamation proceedings against the person of Mr James Onyejekwe who is the said originator of the malicious letter fraudulently attributed to Cavendish Petroleum against our person, with damages,” the statement seen by Investors King noted.

BUA explained that “We deem these actions necessary, in order to protect the name and reputation of BUA Group.”

“We see no reason why Mr James Onyejekwe of Kainos Exploration and Processing would single out BUA in a supposed business dispute which had no link to the BUA Group in its entirety.

“Therefore, BUA finds it absurd that Mr Onyejekwe or anyone else will decide to drag BUA into their issues and/or put out such a malicious and defamatory statement, fraudulently using the name of Cavendish/Mr Mai Deribe without recourse to the truth, facts, decorum or decency,” it added.

BUA Group described the story bordering on allegations of corruption as “false, malicious and spurious.”

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Dangote Cement Emerges Best Performing Firm In Africa



Prime Real Estate Development At Eko Atlantic City

The Kogi State Chamber of Commerce, Industry, Mines and Agriculture (KOCCIMA) has named the Dangote Cement Plc, Obajana Plant, as the best performing company in Africa.

The award was presented to the company in Lokoja at the weekend by the Deputy Governor of Kogi State, Chief Edward Onoja, who represented the State Governor, Alhaji Yahyah Adoza Bello, at the Annual General Meeting(AGM) of KOCCIMA.

Speaking at the occasion, the President of KOCCIMA, Mr. Victor Ibrahim, said the Dangote Cement emerged through a thorough screening process that involved 20 companies.

He said: “Our screening committee considered many criteria before Dangote Cement Plc was selected”.

According to him, the Chamber put into consideration Dangote Cement’s contributions to the state’s economy through Internally Generated Revenue(IGR), as well as its good relationship with KOCCIMA.

Mr. Ibrahim said another criterion that placed the Dangote Cement in good stead is that the company has been environmentally friendly.

“We’ve visited DCP Obajana Plant and we found it complying with global best practices when it comes to the environment. Your parking lot does not constitute any environmental danger. We also considered returns to investors, the welfare of staff, the 43km Obajana-Kabba concrete road, your good relationship with the host community and your positive image”.

He announced that the Chamber of Commerce was planning to host its Trade Fair by year-end and looking forward to collaborating with the Dangote Cement Plc.

The Deputy Governor Mr. Edward Onoja expressed the appreciation of the Kogi State Government, saying the contributions of KOCCIMA and the private sector were crucial to the development of the state.

Speaking to newsmen on the sideline of the event, representative of the Dangote Cement Plc Mr. Ademola Adeyemi said the company was elated and that the award will further spur it to continue its support to the state’s economy, KOCCIMA and Corporate Social Responsibility schemes.

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MTN Appoints Chika Ekeji as Executive Lead for Strategy and Transformation



MTN Appoints Chika Ekeji, A Nigerian-American as Executive Lead for Strategy and Transformation

MTN Group has announced the appointment of Chika Ekeji, a Nigerian-American national as an executive to lead the strategy and transformation unit of the mobile network operator.

Chika has a Master of Engineering in Computer Science from Cornell University and an MBA from MIT.

He will be leaving from McKinsey & Company, where he led the West Africa Digital Practice and served telco, financial services, and public sector clients across Africa.

His appointment with Africa’s leading mobile operator will be effective on, 15th of March. In his new role, he will be based in SA.

“We are very pleased that Chika is joining us as we work to accelerate our strategic repositioning,” says MTN Group chief operating officer Jens Schulte-Bockum.

To support the execution of the repositioned strategy, Ekeji joins a group of other recent appointees, including the new group chief financial officer, Tsholofelo Molefe.

In recent weeks, MTN also made changes to the group’s regional structure and the executive committee.

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