Connect with us

Business

Tomato Ebola Strikes Again: Nigerian Farmers Experience 80% Loss

Published

on

tomato paste - Investors King

Nigeria’s tomato farmers are once again reeling from the devastating effects of the Tuta absoluta infestation, which has caused an estimated 80% loss in tomato production in Kano State and other areas in the country.

The recurrence of the pest, also known as “Tomato Ebola,” has once again exposed the government’s inability to tackle underrated threats facing the country’s food security, according to experts.

Eight years ago, Nigeria suffered a similar invasion of Tuta absoluta pests, but the government failed to take appropriate measures to prevent a recurrence.

The situation has led to a loss of about N1.3 billion, according to the National Horticultural Research Institute (NIHORT), and a 363% increase in the price of fresh tomatoes in Lagos markets in just four months.

Sani Danladi, the Secretary-General of the National Tomato Growers, Processors, and Marketers Association of Nigeria, said more than 300 hectares have been destroyed by the outbreak, which has affected more than 500 farmers in Kano State, as well as farmers in Kaduna, Katsina, Jigawa, and Gombe states.

He also said that the tomato association is still collecting data from the remaining states to evaluate the total loss.

The scarcity of tomatoes has led to a surge in prices, with a big basket of fresh tomatoes in Mile 12 Market in Lagos selling for between N43,000 and N45,000, compared to N9,500 in January. The price of a plastic crate of fresh tomatoes is between N18,000 and N19,000.

Experts say that the Tuta absoluta infestation is not peculiar to the Nigerian climate, and several other countries have provided measures that prevent or reduce its impact. However, the relevant authorities in Nigeria seem helpless in implementing preventive measures.

“There are chemicals that can help in preventing and limiting the spread. Various agro companies have long developed products for it. But the government has failed in subsidizing it so farmers can afford it,” said Abiodun Olorundenro, operations manager of Aquashoots Limited.

To prevent a recurrence of the invasion, farmers need to develop management practices as preventive measures, according to Abiola Oladigbolu, head of the NIHORT Biopesticide Centre.

He urged the government to subsidize the chemical products developed by the institute for farmers’ affordability while calling on the private sector to partner with the research centre to upscale the production of the chemical.

He also called on the government to make it a national policy for tomato farmers to have the NIHORT package on their farms.

The recurrence of Tuta absoluta has highlighted the urgent need for a holistic approach to food security in Nigeria. The government must prioritize the development of storage facilities, improve handling practices, and enhance the transportation network across the country to reduce the wastage of tomato produce, which currently stands at about 50%.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Business

App-Based Transport Workers in Nigeria Launch Nationwide Strike Over Fuel Subsidy Removal

The Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON), representing drivers from platforms like Bolt, Uber, and others, has initiated a nationwide strike today in response to the removal of fuel subsidy.

Published

on

Uber

The Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON), representing drivers from platforms like Bolt, Uber, and others, has initiated a nationwide strike today in response to the removal of fuel subsidy.

The removal of the subsidy has resulted in a surge in the price of Premium Motor Spirit (PMS), causing e-hailing drivers to express concerns about the inadequate fare increase implemented by ride-hailing companies. This, in turn, has had a detrimental impact on their income.

In a statement released by AUATWON, it acknowledged that the Federal Government has engaged in discussions with the Nigeria Labour Congress to address the fuel subsidy removal and facilitate negotiations on behalf of the workers.

Nevertheless, the union alleges that app companies have obstinately refused to establish a platform for negotiations with the drivers, thereby prolonging the planned industrial action.

The union said,

“App companies are not bigger than the government. If our government despite its strength can negotiate and have documented agreements with NLC and TUC, why will-App companies remain in their dictatorial attitude It’s time we negotiate with them and have documented agreements away from the terms and conditions they are changing every day without our input.

“As a result of this insensitivity, the union is directing all its members across the nation to shut down their service on all ride-hailing applications from Wednesday, June 7, 2023, in protest against every dictatorial practice and lack of concern for welfare and security of App-Based Transport workers of Nigeria.”

The union is urging driver partners, fleet managers, and app-based transport workers nationwide to stand in solidarity and support the strike. Additionally, they emphasize that during the protest, all drivers on rentals or hire purchases should be granted a waiver.

Checks by Investors King showed that to address the drivers’ concerns, they are requesting several measures, including a minimum of a 200 percent increase in fares, a 50 percent reduction in commission charges, and an end to the unjust deactivation of drivers who decline to work due to low fares and resulting lack of profitability.

Continue Reading

Brands

SnackFix From Bühler Adds Value to Local Grains in Nigeria and Boosts Food Security

Published

on

SnackFix - Bühler

The SnackFix small-scale cereal bar production system from Swiss technology group Bühler is the ideal solution for small and medium enterprises (SMEs) to add value to locally produced grains in Nigeria and assist the country to address food security, says Manuel Murrenhoff, Managing Director, Bühler Nigeria.

On-the-go snacking consumption in Nigeria is rising steadily, presenting opportunities for SMEs to enter the market. “In terms of bars, fruit, and sweet snacks alone, this market segment is expected to exceed half a million tonnes by 2025,” says Murrenhoff. The main driver is the burgeoning population, estimated at 223.8 million in 2023, a 2.41% increase over 2022, and expected to grow to 377 million by 2050.

“The economically active part of the Nigerian population is quite sizeable and very mobile, which is boosting on-the-go snacking consumption,” says Murrenhoff. In addition, with half of the population living below the poverty line, there is more than ever the need to drive consumption of the full range of locally grown grains to keep final product prices in check.

“With the price of wheat projected to rise to record heights, Nigeria cannot possibly feed the growing population by importing wheat and other products. On the one hand, there is a shortage of forex and on the other hand, prices are escalating globally. That is where innovation, using local grains, plays an important role in food security, especially as these can be successfully incorporated into ready-to-eat foods,” says Murrenhoff.

Iyore Amadasun, Sales and Channel Business Manager at Bühler Nigeria, says that Bühler’s Snackfix, designed for food producers seeking a share from the on-the-go snack segment, promotes the processing of locally sourced grains for snacks while maintaining the highest food safety standards.

SnackFix is a multi-grain solution that allows SMEs to innovate across the spectrum of locally produced grains in Nigeria. The technology presents an entry-level, plug-and-play solution that is compact, cost-effective, and easy to commission and operate.

SnackFix includes a continuous mixer, a cooling tunnel, and a cutting system, all in one – everything needed for quality production. The combination allows SMEs to manufacture a huge variety of cereal bars at a volume of up to 130 kg per hour.

Customers benefit from Bühler’s experience in product development using a wide range of locally produced grains including, for example, sesame seeds, cashews, and peanuts. “We can help newcomers in the market achieve the best recipe to satisfy functional and indulgence consumer requirements in this segment and then supply them with a customised solution,” says Amadasun. In addition, Bühler has an innovation centre and laboratory in Switzerland to assist with different formulations and product development.

“The ready-to-eat market is of strategic importance to Nigeria, as it can adapt local grains for snacking consumption, promote healthy eating habits, and at the same time assist with Food Security,” says Amadasun.

With offices in Lagos and Kano, Bühler Nigeria is a leader in grain and food processing and offers solutions for grain drying and storage, flour milling, rice milling, cacao and chocolate processing, wafer and biscuit, pasta and noodles, feed, and aqua feed milling. Bühler Nigeria also provides support in the form of solutions for ink and coating applications and flexible packaging systems.

Continue Reading

Business

Nominations are Open for the 2023 Africa Women Innovation and Entrepreneurship Forum (AWIEF) Awards

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the call for nominations for the 2023 AWIEF Awards

Published

on

women farmers

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the call for nominations for the 2023 AWIEF Awards.

In its seventh edition, since 2017, the prestigious awards recognise, honour, and celebrate the achievements of female entrepreneurs and business owners in Africa, across various industry sectors, for their contribution to the continent’s inclusive economic growth and development.

Nominees for the AWIEF Awards are both emerging and established female entrepreneurs and founders who have demonstrated outstanding vision, leadership, inspiration, and success in their businesses in line with AWIEF’s core areas of innovation, technology, entrepreneurship, leadership, and socio-economic development.

The AWIEF Awards cover eight categories, each with specific criteria for qualification:

  • Young Entrepreneur Award
  • Tech Entrepreneur Award
  • Agri Entrepreneur Award
  • Creative Industry Award
  • Empowerment Award
  • Energy Entrepreneur Award
  • Social Entrepreneur Award
  • Lifetime Achievement Award

Nominations for the 2023 AWIEF Awards are open and will close on 17 July 2023. Candidates can either self-nominate themselves or be nominated by anybody else. Entries will be judged by an esteemed panel of business leaders and professionals.

The winners will be announced at a special ceremony and gala dinner in Kigali, Rwanda, during the AWIEF2023 Conference which will take place on 9 and 10 November 2023.

To nominate someone for an award, follow these steps:

  • Click here
  • Register your entrant profile by clicking “Submit an entry” in the top right-hand corner of the page.
  • Fill in the nomination form and submit.

Nominations close at 23.59 CAT on 17 July 2023.

Continue Reading
Advertisement
Advertisement




Advertisement
Advertisement
Advertisement

Trending