- Nigeria’s Tomato Production Deficit Now 700,000mt
The National Horticultural Research Institute has said that Africa’s largest economy Nigeria has tomatoes production deficit of 700,000 metric tonnes.
The research institute put the nation’s current demand at 3 million metric tonnes, suggesting that the nation’s domestic production stands at 2.3 million metric tonnes, up from 1.8 million metric tonnes recorded in 2018.
Mr Abayomi Olaniyan, the Executive Director/Chief Executive Officer, NIHORT, disclosed this during a two-day workshop organised by the institute for stakeholders in tomato and telfairia production in Abuja.
He said, “Tomato production in Nigeria is still short of what is demanded particularly during the second and third quarters of the year.
“While about three million metric tonnes is the national requirement, about 2.3 metric tonnes is the production.
“About two years ago, the production was 1.8 million metric tonnes but because of the trainings and technologies that NIHORT has perfected alongside other stakeholders, the production has increased by about 25 per cent.
“That is the reason we are getting the production figure of 2.3 million metric tonnes as against 1.8 million metric tonnes.”
The CEO also noted that one of the reasons for the deficit was post-harvest losses, saying around 40 percent of tomatoes produced in the country were often wasted because of poor preservation mechanism.
“Tomato management is important for future development of the commodity value chain,” he stated.
Olaniyan added, “Nursery is a basic need and prerequisite for producing quality seedlings. Putting efforts on quality seedling production offers scope for sustainable tomato production.
“Additionally, nursery provides employment opportunities for technical, skilled, semi-skilled and unskilled labour.”
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Dangote Petroleum Refinery Set to Make History with Public Listing on NGX
Aliko Dangote, the president and chief executive of Dangote Industries Limited, has announced plans to publicly list the subsidiary, Dangote Petroleum Refinery, on the Nigerian Exchange Limited (NGX).
Dangote expressed confidence in overcoming previous challenges related to crude oil supply, stating, “We have resolved all the issues with crude oil supply. We are now ready to move forward with our plans to list the refinery on the Nigerian Exchange Limited.”
The refinery, poised to commence operations in December, holds the promise of significant contributions to the Nigerian economy.
At full capacity, it is expected to produce 650,000 barrels of oil per day, with an initial rollout of 540,000 barrels daily.
The facility will produce 27 million liters of diesel, 11 million liters of kerosene, and nine million liters of jet fuel, sourcing crude from various Nigerian producers, including the state oil company.
A finalized deal for the delivery of the first cargo of approximately six million barrels next month signals the imminent realization of this ambitious project.
The refinery’s impact is anticipated to extend beyond the oil and gas sector, with projections suggesting significant cost savings for Nigeria by eliminating the need to import petrol.
Industry operators and government officials are optimistic about the transformative potential of the Dangote Refinery.
Akinwumi Adesina, President of the African Development Bank (AfDB), lauded the project as the best-industrialized initiative for Africa, projecting substantial savings for Nigeria and the continent as a whole.
As Nigeria’s largest refinery project, the facility has garnered praise from the Lagos Chamber of Commerce and Industry (LCCI).
Dr. Chinyere Almona, the LCCI Director-General, commended the visionary efforts of Aliko Dangote and the supportive federal government, emphasizing the refinery’s capacity to meet Nigeria’s refined petroleum product needs.
The impending listing on the NGX positions Dangote Petroleum Refinery as a catalyst for economic growth, energy security, and self-sufficiency in Nigeria and beyond.
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