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Specialist Consultant, Mahendra Ramdular, of Trinidad and Tobago is in St. Vincent and the Grenadines on a four-day visit to engage stakeholders within the Agro Processing Industry. Minister of Agriculture, Saboto Caesar says Mr. Ramdular will also assist with revolutionizing the Agro Processing sector through a detailed assessment and analytical process. He says…
By Adedapo Adesanya The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc has facilitated the flow of over N73 billion into Nigeria's Agro-Processing industry from various sources. This was disclosed by NIRSAL Managing Director, Mr Aliyu Abdulhameed, who explained that these sources
Duro Kuteyi, the National President, Association of Food and Agro Processors (AFAP), has appealed to the Central Bank of Nigeria (CBN) to assist Small and Medium Enterprises (SMEs) to easily access foreign exchange for procurement of machinery. According to a news report by NAN, he made this appeal while speaking at the Award and End-of-Year ceremony of Spectra Industries Ltd. in Lagos on Thursday. While speaking at the ceremony, Kuteyi noted that having access to machines will enable SMEs to play an active role in the economy, which will help to deepen economic growth, and go a long way to i...
By Oluwafunke Ishola Lagos, Dec. 24, 2020 The Association of Food and Agro Processors (AFAP) has appealed to Central Bank of Nigeria (CBN) to assist Small and Medium Enterprises (SMEs) to easily access foreign exchange for procurement of machinery. AFAP National President, Duro Kuteyi, made the appeal on the sidelines of the Award and End-of-Year ceremony Spectra Industries Ltd. in Lagos on Thursday. Kuteyi, who is also Chief Executive Officer of Spectra Industries Ltd., noted that some members of the association had secured funding under CBN’s financial intervention. He said that the cha...
AFAP National President, Duro Kuteyi, made the appeal on the sidelines of the Award and End-of-Year ceremony Spectra Industries Ltd. in Lagos on Thursday. Kuteyi, who is also Chief Executive Officer of Spectra Industries Ltd., noted that some members of the association had secured funding under CBN’s financial intervention. He said that the challenge was in converting the funds to dollars at the CBN official exchange rate to import the machines. “ Most machines required for production are not available in Nigeria, and purchasing foreign exchange at the black market rate to buy the machin...