Bank of Industry (BoI) has urged Nigerian farmers to embrace corporatives and technologies to boost agric-business development in the country, especially cassava so as to make it profitable, reports NaijaAgroNet.
The Managing Director, Mr. Rasheed Olaoluwa, represented by Group Head, Agro Processing Unit of BOI, Mrs. Kadafa Lolo Ruth made this call at a one-day stakeholders consultative meeting in Lagos.
BOI also noted that lots of farmers are individualistic and seldom come together as a team to have a registered corporative or association which could enable them to access loans from financial institutions.
“Many farmers come to the Bank of Industry to seek for loans but they do not have any tractable sales record or evidence of market sales, they cannot present convincing workable proposals or a clear thought-out business frame work that could enable them secure loans,” Olaoluwa said.
He, therefore, charged farmers to integrate and collaborate with like-minds, utilize technological tool to improve the quality of the produce and package them as premium brands that consumers will be willing to pay for.
Equally speaking at occasion, Sales Director for Bosch West Africa, Mr. Francis Omoniyi said, “Bosch will be giving one year free service maintenance to customers that purchase any of their tools and educate them on how to fully utilize the equipment” stressing that Bosch wants to assist in boosting the nation’s Gross Domestic Product (GDP) by structuring agric business via capacity building.
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