About Us

December 18, 2016

By Ifeanyi Onuba

BOI Bank of Industry 690x450The Bank of Industry has signed a Memorandum of Understanding with three international development partners for the growth of the country’s agricultural sector.
The pact, which would enable the bank provide up to N10bn to the Small and Medium Enterprises in the agricultural sector, was sealed in Abuja.
Speaking at the event, the Acting Managing Director, BoI, Mr. Waheed Olagunju, said the agreement was a testimony of the bank’s support for the development of the agriculture sector.
According to him, the bank’s passion for the sector is born out of the conviction that it holds the key to the diversification of the nation’s economy at a time of dwindling oil revenue.
He said based on the agreement, the bank would provide up to N10bn exclusively for the acquisition of agro-equipment by either agricultural service providers or well-established farmers.
Olagunju said the N10bn for the sector was the largest which the bank had earmarked for any programme, noting that based on the pact, the amount would be repaid within a five year period by beneficiaries at a nine per cent interest rate.
He said based on the agreement, micro enterprises would be able to access up to N10m; small enterprises, between N10m and N50m; while medium-scale entrepreneurs could access above N50m but not exceeding N500m.
He said, “In recognition of the catalytic role that agro-processing plays in boosting good production, BoI, in collaboration with development partners, has designed a programme to provide finance for agro-equipment service providers and well-established farmers as well.
“It is envisaged that with better access to credit to fund acquisition of agro-equipment, there will be improved efficiency and production output in the agricultural sector.
“A N10bn fund has been earmarked for the acquisition of agro-equipment and it is the largest amount of money that the bank has earmarked for any programme and this is a testimony to the importance of agro-mechanisation in economic development of Nigeria.”
Olagunju said through the programme, the bank would be able to create 10,000 direct jobs and 30,000 indirect jobs, making a total of 40,000 jobs within the period.
Also speaking at the event, the Executive Director, Corporate Services, BoI, Mr. Jonathan Tobin, said that through the initiative, the country’s food import bill would be reduced.
He lamented that the nation’s agricultural industry was populated by aged peasants, noting that to correct this trend, it had become imperative to adopt appropriate agricultural mechanisation technology.
http://punchng.com/boi-okays-n10bn-smes-agric-sector/

Messages to Farmers

  • 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 value
  • Report adulterated fertilizer to the appropriate authority

Upcoming Events

  • International Training Organized by IFDC & IFA, Date: October 2 – 6 2017, Venue: Marrakesh, Morocco. Read more
  • International Conference Organized by I-conference / OCP, Date: October 18 – 19 2017, Venue: Abidjan, Côte d’Ivoire. Read more
  • 3rd AFAAS Africa-Wide Agricultural Extension Week 2017, Date: 30 October to 3 November 2017. Venue: Durban, KwaZulu Natal, South Africa.  Read more
  • IFDC’s 2-week USA Training & Study Tour, Dates: August 21 – September 1, 2017, Venue: USA (Alabama, Arkansas, Illinois, Missouri, Tennessee and Washington, D.C.)  Read more
  • AGRIKEXPO & NABG Conference 2017, Date: September 25-27, 2017. Venue: International Conference Centre, Abuja, Nigeria,.Read more
  • 31st Annual Argus FMB Europe Fertilizer conference, Date: 18 – 20 October 2017, Venue: W Hotel in Barcelona. Read more.
  • Urban Agri Summit 2017, Date: 7th - 8th September, 2017, Venue: Johannesburg, South Africa. Read more
  • IFDC International Training Program, Date: November 6-10, 2017, Venue: Arusha, Tanzania. Read more
  • 5th Addis Agrofood Agriculture, Agricultural Machineries, Food, Food Technologies and Packaging Exhibition, Date: 08-11 December 2017, Venue: Addis Ababa, Ethiopia. Read more

Fepsan Members

  


      
         

 

    


     
                                                   

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

2nd Floor Bank of Industry Building
18 Muhammad Buhari Way, Kaduna, Nigeria.
Mobile: +234 (803) 3174409
This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.

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