Edit Content

Nigerian Farmers Get $1.9 Million Funds For Quality Early Seed Production

An association of partners who are involved in the Inclusive Agricultural Transformation in Africa (IATA), has revealed strategies to devote about $1.9 million (over N685 million) to fund seed companies in the production of quality first generation seeds for farmers in Nigeria.

See Also: Being a creator economy through Agriculture.

Aim Of The Project.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

Speaking during the inauguration planning and review meeting of the consortium, yesterday, in Abuja, Kehinde Makinde, the Country Director, Alliance for Green Revolution in Africa (AGRA) said the main objective of the project among others, include increasing production and distribution of first-generation seeds to seed companies to check counterfeiting of seeds.

He further stated that the fund would be divided among the Nigerian Agricultural Seed Council (NASC), Premiere Seeds and Value seeds, while emphasizing that the focus is to reach 2 million farmers with improved and certified rice, soya bean, and maize seeds.

Also gracing the event was Dr. Philip Ojo, the Director-General, NASC, who said Nigeria requires about 400,000 metric tonnes (MT) of endorsed seeds every year, adding that the prearrangement of 1,810 MT of foundation seeds would, guarantee that seed companies are able to meet demand.

Ojo said: “It is actually our way to ensure that only good quality seeds are made available to farmers; and farmers are no longer surcharged, and to enable farmers know that what they are buying are authentic to improve productivity and food security.”

In order to ensure timely distribution of the seeds to the family, Ojo said “private seed companies would work to ensure that there is adequate quantity of early generation seeds to have good quality seeds at the farmers end.”

He said the NASC would control activities of the seed companies, and provide quality assurance mechanism to make certain that what they bring out is the best quality.

We are also going to ensure that after producing, the tags that go on those seeds are smart tags that farmers can get better assurance that these are quality seeds,” he said.

The three-year project is being financed by the Alliance for Green Revolution in Africa (AGRA), United Kingdom Agency for International Development (UKAID), United State Agency for International Development (USAID), the Rockefeller Foundation and the Bill and Melinda Gates Foundation.

Nigeria’s Agricultural Sector At A Glance.

Nigeria, Africa’s largest economy, is a major oil producing nation with a population of over 190 million people, and an average growth rate of about 3% year-on-year. With her Gross Domestic Product (GDP) estimated at about $500 billion, earnings from crude oil and gas exports represent   approximately 80% of the country’s total revenue.

The Nigerian agricultural sector is dominated majorly by smallholder farmers who on the average, work on 4–5 acres of land each, in rain-fed situations.  Most of these farmers lack the skills of modern practices, insufficient capital and own little or no farm implements of their own. 

Entrepreneurship is a lonely journey, let us help you get through it with our services.



Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

How to grow a side hustle

How to Grow Your Side Hustle Into a Successful Business

Many people start side hustles to earn extra income. But what if your side hustle could become your main source of income? Growing a side hustle is a skill. Do you have what it takes to grow a side hustle? If you don’t, we got you. Transforming your side hustle

Best sales books for entrepreneurs

Best Sales Books for Entrepreneurs and Business Owners

One effective way to stay ahead of the competition is by updating your knowledge in sales. There are a lot of sales books tailored to entrepreneurs. In this article, we will look at the best sales books for entrepreneurs. These books provide valuable strategies that can significantly impact business growth.

Leadership Skills Every Entrepreneur Needs

5 Key Leadership Skills Every Entrepreneur Needs to Have

Entrepreneurs often wear many hats, but effective leadership is what binds everything together. Strong leadership skills can transform a fledgling startup into a thriving business. In this article, we will talk about the leadership skills every entrepreneur needs to succeed. Leadership for entrepreneurs are not just about managing people. They

Management secrets for business success

5 Management Secrets That Will Make Your Business Succeed

Whether you’re running a startup or a well-established company, the way you manage your team and resources can make or break your business. It is no longer enough to just have a great product or service; you need to excel in management to stay ahead. There are key management secrets

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up