Connect with us

News

Heritage Bank, GEZAWA Set to Transform Nigeria’s Agric Sector to Huge Commercial Hub

Published

on

Kindly share this post

The Nigerian agricultural sector is set to witness a huge growth, as Heritage Bank Plc the lead settlement bank for Gezawa Commodity Market (GCMX) has collaborated with key stakeholders to revolutionise agricultural value-chain, aimed at providing fully integrated ecosystem for commodity Exchange.

Heritage Bank was appointed as the Lead Settlement Bank and Transaction Adviser to the Gezawa Commodity Market and Exchange Ltd and Memorandum of Understanding (MoU) was signed between the two firms, whilst over 10, 000 farmers in 3000 cooperatives in the 44 local governments of Kano States were hosted.

The partnership between Heritage Bank and the Exchange would facilitate the ease of agro commodity trading in a more structured way, especially with the closeness to the Dawanu, the largest grain market in Africa.

Ifie Sekibo,  managing director/ceo,  Heritage Bank Plc, who was a panelist at the 2nd GCMX Farmers’ Cooperative Forum in Kano at the weekend, stated that the partnership is targeted to de-risk the sector that would bring about structured and enhanced agro-business and attain food security that leads to economic development.

Sekibo, who was represented by the Executive Director, Jude Monye explained that the partnership which would help bridge the huge gap associated to risk, will fast track effective price discovery mechanism and traceability and enhanced trade settlement services.

Specifically, the bank’s helmsman stated that under the Central Bank of Nigeria’s Anchor Borrowers Programme (ABP) and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Heritage Bank would provide on-lending funding to aggregated farmers in the 2020 farming season to grow various products that will serve as raw materials to the processors, thereby ensuring market linkages and access to the market as well as reduce importation and conserve Nigeria’s external reserves.

According to him, with its assigned position  Heritage Bank would play a pivotal role in ensuring that there would be an effective and readily available platform for market linkages among players in the agribusiness value chain, involving FMCGs, warehouse operators, collateral managers, processors, farmers’ cooperatives to transact in a seamless way that guarantee quality, quantity, payment and delivery.

Speaking at the event, Segun Awolowo, ED/CEO of Nigerian Export Promotion Council (NEPC), affirmed that the initiative would help foster diversification of non-oil export trade.

He, however, stated that NEPC would ensure that the primary for the signing of the MoU would be achieve, whilst calling for the need to ensure adequate and seamless supply of agricultural commodities for the business to be sustainable.

The Gezawa Project Consultant, Binchang Binfa, managing director of Makarios Global Resource, disclosed, “the ultimate goal was to unlock the vast potential of agricultural value chain via partnerships and synergy with likeminded enterprises, organisations and institutions that will mutually create wealth, generate local employment and contribute significantly to the economic growth and GDP the nation.”

He stated that the Exchange would provide services on price discovery and transparency, increase foreign exchange earning capacity, commodity storage and warehouse receipt system, employment generation of 15, 000 direct and indirect jobs, investment opportunities, increase in non-oil export, ease of doing business, weather report, soil test report, as well as 24/7 online trading of commodities on alive trading platform.

 

 


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University.

Continue Reading
Comments

News

MTN Launches ‘Visitor SIM’, Designed for Guests Coming into the Country

Published

on

Kindly share this post

MTN Nigeria has announced the introduction of its new Visitor SIM specially designed for guests travelling into the country.

The Visitor SIM comes pre-loaded with an appealing package that includes local and international call and data bundles.

This package will enable people visiting from other countries to stay connected with their friends, family and business associates on MTN’s super-fast network.

MTN VisitorSIMs are easy for inbound international visitors to acquire, activate and use, in addition to which they offer far better value than any roaming tariff.

Not available from any other operator, the service is poised to deliver convenience and the best-in-class customer experience in line with MTN’s brand promise.

According to Adekunle Adebiyi, chief sales and distribution Officer, MTN Nigeria, “The new Visitor SIMs will ensure that before setting foot outside the airport, people visiting Nigeria can plug in, reconnect – to loved ones, associates, tools and information, and begin sharing their remarkable experiences, with no concern about roaming charges.”

 

MTN Visitor SIMs are available in the arrival halls of international airports and other ports of entry.

They are valid for 14 days, which can be extended up to 30 days via MTN’s self-service menus or USSD.


Kindly share this post
Continue Reading

News

Nigeria COVID-19 Response: UNICEF, IHS Nigeria Collaborate to Contribute Medical Supplies

Published

on

Kindly share this post

United Nations Children’s Fund (UNICEF) received the delivery of 115,800 COVID-19 test kits to support the fight against the COVID-19 pandemic in Nigeria. These supplies were funded by IHS Nigeria, the Nigerian subsidiary of IHS Towers.

Testing remains the mainstay of the response led by the Presidential Task Force and Nigeria Centre for Disease Control (NCDC) and the first step towards diagnosing the infection. Tests enable health officials to understand the COVID-19 status of an individual and link that person to care, support and treatment while contributing to the protection of families and communities.

“Testing remains a core strategy of Nigeria’s response to COVID-19. This is critical for understanding the burden of the disease on our population and targeting our response activities accordingly. The primary goal of the Nigerian Government is to control the spread of this disease.

“This donation from IHS Nigeria through UNICEF will contribute to the national stockpile of test kits managed by NCDC, and support efforts of the growing network of accredited laboratories across the country for the testing of COVID-19. We are grateful for the continued support from UNICEF, IHS Towers and other partners.” said Dr. Chikwe Ihekweazu, Director General, NCDC.

IHS Towers has been a strong and continuing partner of UNICEF. At the onset of the coronavirus in Nigeria in late February, IHS Nigeria provided funding to UNICEF to urgently procure essential supplies and equipment with which UNICEF supported the Government of Nigeria in its COVID-19 response.

“UNICEF is deeply appreciative of IHS Towers’ commitment to being a partner in UNICEF’s work in Nigeria. Once more, IHS has shown great generosity in supporting UNICEF’s ongoing efforts to work closely with the Government of Nigeria in the fight against COVID-19.

“I am very delighted to receive this huge contribution from IHS Towers, the benefit of which will reach many more children and their families“, said Peter Hawkins, UNICEF Country Representative.

“We are proud to have played an important role in supporting the Government and our communities where we operate to provide crucial tools needed to fight this pandemic. We understand this virus is here to stay for the foreseeable future, but are confident that with our support, and that of our other private sector colleagues, we are helping to manage and mitigate the impact of the virus in our country” said Mohamad Darwish, Chief Executive Officer of IHS Nigeria.

This recent support of essential tests makes IHS Towers the biggest private sector donor for UNICEF Nigeria’s emergency response to the COVID-19 pandemic.


Kindly share this post
Continue Reading

News

Coca-Cola, Red Cross Society Expand Fight Against COVID-19 In Nigeria

Published

on

Kindly share this post

In a bid to support the fight against the Coronavirus disease, the International Federation of Red Cross and Red Crescent Societies (IFRC) along with its national society Nigerian Red Cross (NRC) has started the distribution of PPEs and risk communications efforts to the tune of N228 Million to support its COVID-19 interventions in Nigeria.

 

This is part of The Coca-Cola Foundation’s $2.5million grant to the International Federation of Red Cross and Red Crescent Societies (IFRC) to support the COVID-19 pandemic within the West and Central Africa sub-regions.

The grant, which leverages the long-standing partnership between The Coca-Cola Company and the International Federation of Red Cross and Red Crescent Societies (IFRC), seeks to support national efforts in the fight against the Coronavirus disease through the provision of essential medical supplies, personal protective equipment (PPE) and risk communications to impacted communities, healthcare personnel on the frontlines and treatment centres across the country.

 

Speaking on the donation, Yebeltal Getachew, managing director, Coca-Cola Nigeria Limited, explained, “The Coca-Cola System (Coca-Cola Nigeria, Nigeria Bottling Company and Chi Limited) remains committed to providing support to the communities we serve during these challenging times.

 

“By providing healthcare workers with much-needed PPEs, we are confident that this will go a long way in ensuring their safety as they remain on the frontlines of the fight against COVID-19.

 

“Coca-Cola is proud to support the Red Cross as we deliver on our purpose of making a difference across the world”. 

 

Medical supplies being donated comprise N95 respirators, surgical masks, examination gloves, face shields, medical gowns, no-touch thermometers, disposable aprons, heavy-duty rubber gloves, rubber boots, basic masks, disposable gloves, and hand sanitizers.

 

Expressing his gratitude for the donation, Abubakar Kende, secretary-general for the Nigerian Red Cross Society explained, “We have identified the facilities in urgent need of these PPEs in consultation with NCDC and the Federal Ministry of Health and will subsequently be distributed to these centres.

 

“This will ensure that treatment centres across the country are properly equipped with necessary PPEs as we continue to fight the disease”. 

IFRC seeks to directly impact the lives of over 1.4 million people in Nigeria and across other countries in West and Central Africa under this partnership. For over a century, The Coca-Cola Company and the International Federation of Red Cross and Red Crescent Societies (IFRC) have sustained a rewarding partnership that has seen the rehabilitation and preservation of human lives across the world through the delivery of humanitarian aid and emergency response to communities affected by disasters.

 

 

 


Kindly share this post
Continue Reading

Trending