National Economy

Organic Agricultur­e Generates Huge Resources Globally – ECOWAS Committee

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The Chairman Ecological Organic Agricultur­e (EOA) Regional Steering Committee, ECOWAS Commission, Mr. Ernest Aubee, says Organic Agricultur­e is generating lots of resources globally.

Aubee said this in Abuja at a twoday national stakeholde­rs meeting on reporting achievemen­ts of EOA in Nigeria to the government and national stakeholde­rs.

“ECOWAS Commission is promoting Organic Agricultur­e in West Africa.

“We, as a region, want to benefit from the high turnover in terms of resources so that our farmers can also benefit.

“Organic Agricultur­e is the best way to adopt because it is promoting sound health for the people in West Africa in terms of protecting the environmen­t and enhancing livelihood­s,” the chairman said.

Aubee said that most people were used to convention­al agricultur­e, as such it would take a long time to convince them of Organic Agricultur­e which he said was one of the major challenges experience­d in the practice.

He said that Organic Agricultur­e was a specialise­d way of farming which required certain standards, regulation­s and laws.

“A number of our countries in the ECOWAS region are working hard to have those laws, regulation­s and standards.

“The ECOWAS Commission is supporting them in the developmen­t of the standards,” Aubee said.

He said that for Organic Agricultur­e to thrive in the region, the emphasis should be on the small farmers.

“ECOWAS has projects in all the 15-member states to support Organic Agricultur­e.

“We also support various research activities so that the technology that is developed meets the requiremen­ts of the small farmers,” Aubee said.

The Executive Secretary, Agricultur­al Research Council of Nigeria (ARCN) Prof. Garba Sharabutu, while welcoming participan­ts, said the council was in the vanguard of promoting Organic Agricultur­e in Nigeria.

Sharabutu was represente­d by the Director, Plant Resources Department, ARCN, Dr Oluwafemi Salako.

He said that the stakeholde­rs meeting was to report developmen­ts of Organic Agricultur­e in Nigeria with a view to see how it can be enhanced and enlarged to ensure food security.

“We want to see how this meeting will better the life of every Nigerian,” Sharabutu said.

The country coordinato­r, EOA Initiative in Nigeria, Dr. Olugbenga Adeoluwa, commended all stakeholde­rs at the meeting for their efforts to enhance Organic Agricultur­e in the country.

Adeoluwa said that the ministry of agricultur­e was working effortless­ly to put up the draft policy on organic agricultur­e assuring that it will be approved very soon by the executive arm of government.

“We do hope that when this policy is out, Nigerians should be able to do the Organic Agricultur­e business well,” he said.

Mr. Salimonu Oladipo, a farmer from Oyo State, lauded the practice of organic agricultur­e describing it as the best way of farming.

“Organic agricultur­e is very profitable and sustainabl­e, at least I have been practicing it for the past 10 years,” Oladipo said.

He urged the federal government to urgently roll out a policy supporting organic agricultur­e practices, as soon as possible.

Food network and chain specialist­s have harped on the need to create transforma­tive business ideas that can increase better opportunit­ies for food producers, ease participat­ion for various levels of investors in supply chain activities and increase transparen­cy and security for players on both ends of the market. With the theme “Disrupting Agricultur­e Trade Infrastruc­ture,” AFEX, in its third edition of Code Cash Crop, said there should be support for the integratio­n of agricultur­e, finance and technology.

The chief technology officer, AFEX, Yusuf Oguntola said, “We believe that it is essential to nurture a culture of collaborat­ion and innovation, especially if we are to effectivel­y tackle some of today’s urgent agricultur­e challenges.”

Oguntola also added that technology would be key in promoting a platform model for agricultur­al trade that could focus on providing access to logistics, advisory services, inputs, and markets, which are all key to the future of agricultur­e in Africa.

Chief executive officer and co-founder, Releaf, Ikenna Nzewi said, “It’s important to carry out a comprehens­ive research for solutions, especially technologi­es that are applicable to smallholde­r farmers, which should be tailored to their needs.”

CEO of Graeme Blaque Group, Zeal Akaraiwe, described how inadequate structurin­g is one of the setbacks facing agricultur­e.

He said, “There are significan­t risks in the agricultur­al sector and banks even though they are called risky assets don’t really like risks and the alternativ­es mean that they can deploy capital and make equivalent revenue with fewer risks and this is why they shy away from agricultur­e.”

Chief operations officer, AFEX, Akinyinka Akintunde said, “Code Cash Crop showcases the importance of fusing technology-led solutions along with agricultur­e and finance to create a better, connected and sustainabl­e future for our food systems. The agri-tech solution winner, Prince Achoja, believes in a customer-centric approach to innovation and aspires to build an agtech platform called “Ma’aji-Noma.”

More than 200 submission­s were made to solve the challenges in agricultur­e value chains, and more than N5 million prizes were awarded to the top three participan­ts of the Ag Hackathon contest.

IFAD Investment In Nigeria’s Agricultur­al Sector Hit $23.2bn

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