Fidelity bank banner UBA banner
25 companies sign MoU to participate in ECOWAS rice programme

By News Express on 25/06/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,092

Twenty-five seed companies on Friday in Gwagwalada, FCT, signed a Memorandum of Understanding with the Seed Entrepreneurs Association of Nigeria (SEEDAN) to produce certified rice seeds for farmers in the country.

The News Agency of Nigeria (NAN) reports that the MoU is under the recently launched ECOWAS Rice Seed Up-scaling Project, aimed at boosting local production of paddy rice.

It is being implemented by SEEDAN in collaboration with the West and Central African Council for Agricultural Research and Development (CORAF/WECARD) and other regional partners.

The project is targeting the production of 60,000 metric tonnes of paddy rice by December 2017 using 1,200 metric tonnes of certified seeds to be produced by the companies.

The United States Agency for International Development (USAID) is funding the project with 800,000 dollars, 30 per cent of which is set aside as grant to the seed companies.

NAN reports that the MoU signing event also saw the distribution of breeder and foundation seeds to the companies by SEEDAN.

Speaking at the event, the President of SEEDAN, Mr Richard Olafare, urged the companies to justify the confidence reposed in them by ensuring strict compliance with the terms of the contract.

Olafare said that the country could not afford to disappoint USAID and other development partners, hence the need for them to produce and deliver the seeds on schedule.

He told NAN after the event that the project was strictly a private sector affair, designed to help seed companies from over-reliance on government for survival.

“Over the years, our major market has been government, which has not been sustainable.

“But what we are trying to do with this project is look at a more sustainable way to be in business, by creating the market for ourselves.

“This involves coordinating the farmers at one end of production, linking them to the off-takers or rice millers, who have agreed to buy off whatever they produce under this project.

“We feel in this manner there is a better sustainable way of doing our business, because it is now strictly business.

“We are linking ourselves with farmers who actually want to see farming as business.

“So, with this arrangement, if we can get support for our farmers through the commercial banks or Bank of Agriculture, then we are in business.” (NAN)



Source News Express

Posted 25/06/2016 05:07:01 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
Vandals stall Oshiomhole’s attempt to install computers in...

Buhari, IMF boss discuss Nigeria’s economic problems, possible...

Foundation launches age grade soccer development scheme in...

Gunmen storm Minna Prison, free 270 inmates


2015: Expect total victory for PDP in Imo...

Girl, 20, on trial for convincing boyfriend to...

Cultivate healthy habits, Lagos Head of Service charges...

Senate resumes today, set for Buhari’s ministerial list...

Bad market: 486 Boko Haram troops fall into...

Nigerian woman develops app to curb mortality rate...

CBN unleashes EFCC on issuers of dud cheques...


Latest News THE BIG TRIAL: The 11 charges slammed on Ex-Governor Fayose by EFCC Delta indigene appointed Judge in USA •Appointment well deserved, says Okowa Oshiomhole cries out over gang-up in APC 22 suspects arrested over Kaduna violence FG has not been fair to South East — Ikpeazu Major shake-up hits Civil Defence Good Governance group tasks Northern leaders on Nigeria’s next President Two brothers arraigned for allegedly killing cousin in Anambra 83m to vote in 2019 — INEC chair How I will fix electricity problem in 36 months if elected President — SDP Candidate Donald Duke Atiku to supporters: Conduct yourselves respectfully Nigeria to host 90% of world’s extremely poor by 2030: World Bank


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (408,759 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,448 views) Shameless Genevieve Nnaji exposes breasts in public (315,861 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (258,959 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,307 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,921 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,763 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (186,176 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (171,018 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,307 views) Lagos plane crash: Journalist releases victims’ names (161,978 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,685 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (70) Business & Economy (3,702) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (561) Features (660) Global Business Monitor (304) International (2,562) Interview (165) Live Commentary (28) Love Matters (145) News (39,822) Opinion (1,126) Pidgin (13) Politics (7,340) Religion (885) Sports (1,739) Stock Watch (35) AMA & Al Jazeera Global Update


NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner





LIBYA vs NIGERIA 2-3 Goals Highlights


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera