Nigeria to earn 18 billion naira from concession/lease of food silos

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The Nigerian government has revealed that it plans to lease its food silos to the private sector and earn N18 billion from the process.

This was revealed by Agriculture and Rural Development Minister Dr. Mohammad Abubakar on Tuesday in Abuja at the 2nd West and Central Africa Post-Harvest Congress and Exhibition.

The FG plans to concession 19 silos to allow the participation of the private sector in the storage of food for agricultural products.

The minister claimed that the concession would reduce post-harvest losses, suffered by farmers, especially those in rural areas, throughout the year, citing that 6,250 metric tons of storage facilities were leased to the private sector to improve food security. in the country.

He added that the FG introduced the policy to provide an enabling environment for individuals to contribute to agriculture and food security, as it plans to launch 17 green aggregation centers to process agricultural products and reduce post-production losses.

  • “These centers are to allow farmers to dry their produce and by doing so this will reduce post-harvest losses and also add value to what is being produced. Postharvest losses have been a The main problem faced by farmers in the country is due to the lack of storage facilities.
  • “We have managed to establish grain collection centers that will be able to clean, dry and bag products. This silo leasing deal to the private sector will attract N18 billion to Nigeria,” added.

For the record: naijaonpoint latest report year in which SBM Intel, a geopolitical research and strategic communications consulting firm, revealed that 47% of farmers do not have access to any storage facility during harvest, which could rise as high as 60% for root crops, fruits and vegetables .

This was revealed in hisreporttitled: “Nigerians Just Want to Eat: Analyzing the Challenges for Farmers and Food Shippers that are Likely to Impede National Food Security”, seen by Naijaonpoint.

They added that closing the gap implies adequate storage for agricultural products. However, farmers of these products may not be able to purchase their own storage facilities.

… Nigeria will earn 18 billion naira from concession/leasing of food silos. Read more about… Naijaonpoint.

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