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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