FIIRO, NIRSAL, PTDF push for agric value chain devt un­der new pact

The Guardian (Nigeria) - - INDUSTRY -

THREE fed­eral in­sti­tu­tions are cur­rently work­ing on a col­lab­o­ra­tive ef­fort aimed at en­hanc­ing growth in the agri­cul­tural value chain in the coun­try. Specif­i­cally, the Fed­eral In­sti­tute of In­dus­trial Re­search, Oshodi (FIIRO), Nige­ria In­cen­tive-based Risk Shar­ing Sys­tem for Agri­cul­tural Lend­ing (NIRSAL), an arm of the Cen­tral Bank of Nige­ria (CBN) and Pe­tro­leum Tech­nol­ogy Devel­op­ment Fund (PTDF) are hope­ful that the tri­par- tite agree­ment will not only have a devel­op­ment push on the agric sec­tor, but also bring forth joint pro­grammes us­ing indige­nous tech­nolo­gies to di­ver­sify the econ­omy, cre­ate new jobs, im­prove the na­tional GDP and the gen­eral so­cio-eco­nomic well­be­ing of the coun­try.

Speak­ing dur­ing a cour­tesy visit by the chief ex­ec­u­tives of NIRSAL and PTDF to her of­fice re­cently in Lagos, the Di­rec­tor­Gen­eral of FIIRO Prof. (Mrs) Glo­ria Elemo said that the most ben­e­fi­cial ef­fort of the part­ner­ship would be to en­hance the agri­cul­tural value chain. “I would like to say that the most ben­e­fi­cial ob­jec­tive of this part­ner­ship would be part­ner­ship that brings agri­cul­tural value chains devel­op­ment to the fore, most es­pe­cially en­hance­ment of the value chains where Nige­ria has up­most com­par­a­tive ad­van­tage”, Elemo stressed. FIIRO boss dis­closed her de­sire for the agree­ment to tar­get devel­op­ment of value chains where the coun­try has com­par­a­tive ad­van­tage such as rice, cashew and cas­sava, where the in­sti­tute has the com­pe­tency to fab­ri­cate and in­stall pro­cess­ing ma­chin­ery and equip­ment at mi­cro, small, medium as well as ren­der­ing tech­ni­cal con­sul­tancy ser­vices to large scale en­ter­prises in these value chains.

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