Okoloko outlines challenges facing Nigeria’s agricultural value chain
Mr. Onajite Okoloko, Group
Managing Director and Chief Executive Officer
of Notore Chemical Industries
Limited, has listed challenges facing Nigeria’s agricultural value chain to
include the inability of small holder farmers to access financing, lack of high-quality
quality farm inputs, insufficient and ineffective processing and storage
methods, among others.
Lamenting that the agriculture sector accounted for a mere
three percent of total lending in commercial banks, Okoloko said the company has
created a mobile platform that will ensure that farmers gain access to finance
and market value for their operations.
Onajite Okoloko, GMD/CEO, Notore |
He disclosed this while receiving the management team of
Media trust Limited led by the Chief
Operating Officer, Mr Abahay Desai who
were on a facility tour to the expansive Notore Onne corporate office recently.
He said the low quality of farm inputs like fertilizers and
seeds as well as issues in crops protection and packs sizes are some of the
challenges confronting Nigeria’s agricultural value chain. He added that the
sector also suffers from poor transport systems, and networks limitation of the
movement of food crops from areas of production to the areas of consumption as
well as non regulation of commodity exchanges.
Notore, an agro- allied chemical, fertilizer and power
company, has added value to the agricultural value chain through education of
farmers on fertilizers, seeds and crop protection products application as well
as best farming practices. The company also engages in the production of
quality and affordable fertilizers products, production of improved rice and
maize seed varieties in affordable sizes for farmers as well as production of specialty
blends of fertilizers for different crops.
Notore sits on 560 hectares of land and with a capacity to
produce 500,000 metric tonnes of Urea and 600,000 metric tonnes of NPK.
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