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‘Africa Needs Double Seed Production to Feed Population’

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  • ‘Africa Needs Double Seed Production to Feed Population’

Africa needs to double its seed production to feed the entire population by 2050, OCP Africa said in a study by a global research and advisory company, Oxford Business Group.

In the study, titled ‘Agriculture in Africa 2019,’ the group drew an analysis of the state of the sector and its medium-term development prospects.

The report featured a number of interviews including the Chief Executive Officer, OCP Africa, Karim Senhadji, who delivered the group’s vision and highlighted Africa’s agricultural potential and the steps needed to meet growing international demand.

He said, “We will have to double the production of seeds to feed the entire population by 2050. Given that production in most developed regions is already at optimal levels of performance, Africa is the only market able to meet this food need in the years to come.

“It is crucial for our continent to move from subsistence agriculture to competitive and commercial agriculture.”

The study is part of a collaboration agreement between OBG and OCP Group, a major player in the global fertiliser market.

While explaining the focus of the study, the Regional Editor for Africa at OBG, Souhir Mzali, said, “Better access for farmers to knowledge of their soils and crops remains one of the main challenges to be addressed in order to adapt fertiliser usage and integrate technologies to optimise agricultural yield.

“Moreover, there is also a need to bring further support to small-holder producers as well as an immediate need to develop agro-industry to enhance local processing and create added value.”

Mzali pointed out that 80 per cent of the African population worked in the agriculture sector and with the continent’s population expected to double by 2050, the main challenge for the coming years would be to provide adequate solutions to train the youth and meet the future needs of the sector.

She explained that the publication focused specifically on the sector’s economic potential, presenting the views of key players in the development of African agriculture as well as in-depth analyses on a variety of pertinent topics such as climate change and smart-farming.

The publication also highlighted the views of the President of the Alliance for a Green Revolution in Africa, Agnès Kalibata; the former Minister of Agriculture and Rural Development, Nigeria, Audu Ogbeh; and the Director, Coffee-Cocoa Council in Ivory Coast, Yves Brahima Koné.

In-depth analyses were also provided on topics related to agriculture such as farms of the future, uncultivated land, irrigation to meet self-sufficiency, climate change, deforestation and exports.

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

Economy

NNPC Supplies 1.44 Billion Litres of Petrol in January 2021

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The Nigerian National Petroleum Corporation (NNPC) supplied a total of 1.44 billion litres of Premium Motor Spirit popularly known as petrol in January 2021.

The corporation disclosed in its latest Monthly Financial and Operations Report (MFOR) for the month of January.

NNPC said the 1.44 billion litres translate to 46.30 million litres per day.

Also, a total of 223.55Billion Cubic Feet (BCF) of natural gas was produced in the month of January 2021, translating to an average daily production of 7,220.22 Million Standard Cubic Feet per Day (mmscfd).

The 223.55BCF gas production figure also represents a 4.79% increase over output in December 2020.

Also, the daily average natural gas supply to gas power plants increased by 2.38 percent to 836mmscfd, equivalent to power generation of 3,415MW.

For the period of January 2020 to January 2021, a total of 2,973.01BCF of gas was produced representing an average daily production of 7,585.78 mmscfd during the period.

Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 65.20%, 19.97 percent and 14.83 percent respectively to the total national gas production.

Out of the total gas output in January 2021, a total of 149.24BCF of gas was commercialized consisting of 44.29BCF and 104.95BCF for the domestic and export markets respectively.

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Economy

NNPC Says Pipeline Vandalism Decrease by 37.21 Percent in January 2021

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The Nigerian National Petroleum Corporation (NNPC) said vandalisation of pipelines across the country reduced by 37.21 percent in the month of January 2021.

This was disclosed in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR).

The report noted that 27 pipeline points were vandalised in January 2021, down from 43 points posted in December 2020.

It also stated that the Mosimi Area accounted for 74 percent of the total vandalised points in Janauray while Kaduna Area and Port Harcourt accounted for the remaining 22 percent and 4 percent respectively.

NNPC said it will continue to engage local communities and other stakeholders to reduce and eventually eliminate the pipeline vandalism menace.

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Economy

Nigeria’s Food Inflation Hits 22.95 Percent in March 2021

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Food inflation in Africa’s largest economy Nigeria rose by 22.95 percent in March 2021, the latest report from the National Bureau of Statistics (NBS) has shown.

Food Index increased at a faster pace when compared to 21.70 percent filed in February 2021.

Increases were recorded in Bread and cereals, Potatoes, yam and other tubers, Meat, Vegetable, Fish, Oils and fats and fruits.

On a monthly basis, the food sub-index grew by 1.90 percent in March 2021. An increase of 0.01 percent points from 1.89 percent recorded in February 2021.

Analysing a more stable inflation trend, the twelve-month ended March 2021, showed the food index averaged 17.93 percent in the last twelve months, representing an increase of 0.68 percent when compared to 17.25 percent recorded in February 2021.

Insecurities amid wide foreign exchange rates and several other bottlenecks that impeded free inflow of imported goods were responsible for the surged in prices of goods and services in March, according to the report.

The Central Bank of Nigeria-led monetary policy committee had attributed the increase in prices to scarcity created by the intermittent clash between herdsmen and farmers across the nation.

However, other factors like unclear economic policies, increased in electricity tariffs, duties, subsidy removal and weak fiscal buffer to moderate the negative effect of COVID-19 on the economy continue to weigh and drag on new investment and expansion of local production despite the Federal Government aggressive call for improvement in domestic production.

Nigeria’s headline inflation rose by 18.17 percent year-on-year in the month under review.

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