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15th December, 2016

By Kashim Bello

BOI Bank of Industry 690x450In efforts to ensure food security and exports, the Bank of Industry (BoI) has signed three Memoranda of Understanding (MoUs) worth N10 billion with development partners. 

The total package will be given to small holding farmers on a single digit of nine per cent. Value addition and processing will also be covered so that the country can have a viable agriculture value chain.

To fast track Micro, Small and Medium Enterprises (MSME) lending via cluster product programme, the Division Head, SME, South, Abdul-Ganiyu Mohammed, explained that apart from looking at technology to support SMEs, they also need to ensure value addition and areas of comparative advantage.
He said in order to collateralise credit, which are far beyond the reach of SMEs, the BoI came up with clustering where finance institutions will see SMEs in groups rather than individuals. Mohammed said youths are being incorporated with one-digit interest rate to address unemployment in the county.
The Executive Director, Corporate Services, Jonathan Tobi, explained that agro mechanisation is essential for economic growth, adding that the sight of farmers with hoes and cutlasses has continued to discourage the youths from going into agriculture.
The Acting Managing Director of the bank, Waheed Olagunju, said the synergy with relevant partners in the agro business was due to Nigeria’s comparative advantage including population, availability of land and other factors.
Olagunju said apart from providing food, agriculture also produces raw materials for industries.
https://www.today.ng/business/231735/boi-signs-n10b-agro-mechanised-deals-development-partners

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Messages to Farmers

  • Apply fertilizer wisely to avoid wastageAttend trainings on fertilizer use and application
    Early purchase of fertilizer saves money
  • Obtain quality fertilizers from reputable suppliers especially FEPSAN members
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics.
  • Allow your crops to fully mature to get quality and values
  • Report adulterated fertilizer to the appropriate authority

Upcoming Events

  • 42nd International Phosphate Fertilizer & Sulfuric Acid Technology Conference, Date: 08 Jun 2018 - 09 Jun 2018, Venue: Sheraton Sand Key Resort, 1160 Gulf Boulevard, Clearwater Beach, FL 33767 United States Read more
  • The Soil Fertility and Plant Nutrition Symposium 2018, Date: August 21, 2018, Venue: Pretoria, South Africa Read more
  • African Green Revolution Forum 2018, Date: September 3-7, 2018, Venue: Kigaly, Rwanda Read more
  • AGRIKEXPO & NABG Conferences, 2018, Date: September 18 - 20 2018, Venue: International Conference Center, Abuja Read more
  • Argus Added Value Fertilizers Africa 2018, Date: September 18 - 20 2018, Venue : Cape Town, South Africa Read more
  • Bringing Balanced Fertilizers to Smallholder Farmers Training, Date: November 19 - 23 2018, Venue : Abuja, Nigeria Read more
  • Africa Fertilizer Agribusiness Conference, Date: September 24 - 26 2018, Venue: Cape Town, South Africa Read more
  • Bringing Balanced Fertilizers to Smallholder Farmers Training, Date: November 19 - 23 2018, Venue: Abuja, Nigeria Read more

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Mission

To provide a platform for the stakeholders in the public and private sectors of the fertilizer industry to develop effective public private partnerships in order to ensure timely supply of adequate quantity and quality fertilizers; and to promote professional, moral and ethical practices in the industry.

Vision

Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Contact

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Mobile: +234 (803) 3174409
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2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss