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Showing posts with label $5 million. Show all posts
Showing posts with label $5 million. Show all posts

Tuesday, July 26, 2016

Anambra still savouring $5m export of vegetables

The Anambra State governor, Chief Willie Obiano has said that his four pillars of economic blueprint including Agriculture, Industrialization, Trade and Commerce and Oil and Gas, has started yielding dividends, even as the state still savouring the exportation of vegetables (Ugu) punkin leaves and (Onugbu) bitter leaf,  valued at $5 million to Europe, NaijaAgroNet reports.

Experts also defined Ugu as Telfairia occidentalis, a tropical vine grown in West Africa as a leaf vegetable and for its edible seeds. Common names for the plant include fluted gourd, fluted pumpkin, and ugu.

While Onugbu - Bitter leaf also known as Vernonia amygdalina, is a vegetable used for preparing the popular Bitter leaf soup. Also known as Onugbu, Shiwaka and Ewuro by the Igbos,

Speaking in Abuja in an interactive session which attracted Ndi Anambra residing in the North central part of the country at Transcorp Hilton recently, Gov. Obiano said that the state is now a socially stable, business-friendly environment attracting both indigenes and foreigners to seek wealth-creating opportunities.

He also told the profile audience which comprised the Obi of Onitsha, Igwe Alfred Achebe, Dr.  Oby Ezekwesili both PDP and APC members of the National Assembly, former Governor Chinwoke Mbadinuju and leadership of the Anambra State Investment Agency (ANSIPPA), charged with the mandate of attracting and fast-tracking investments in the state has so far attracted over $4.2 billion deals to the state.

The latest investment he confirmed was sealed on Tuesday last week with Zolt Energy Limited to build a 40 megawatts Embedded Power Generating Plant in Ogbaru. When completed in the next 18 months as scheduled, all the power generated from it will be distributed mainly in Anambra State.

On the state of agriculture, Obiano who was giving a score card of his two and half years stay in office disclosed that “in January this year, Anambra made headlines when it became the first state in Nigeria to export vegetables (Ugu and Onugbu) valued at $5million to Europe. 

Further, Obiano said "Our locally produced brand of rice known as Anambra Rice recently emerged the Best Rice in Africa at an African Products Forum in Lagos. Anambra Rice was adjudged better and more wholesome than other competing brands from South Africa, Egypt, Ghana, Morocco, Namibia and Cameroon.”

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Tuesday, October 1, 2013

Djibouti, Saudi sign N807m for economic development



Anthony Nwakaegho/NaijaAgroNet

The government of Djibouti and the Saudi Fund for Development has signed a $5 million, about N807 million loan agreement to support Djibouti’s economic development.

According to the statement from the Saudi government sighted by NaijaAgroNet loan is to support Djibouti in its Small and Medium Enterprises (SMEs) and create 2,400 jobs for graduates.

The signing of the agreement was done by the Djibouti Minister of Economy and Industrial Finance, Ilyas Moussa, who signed on behalf of his country, while Yousef Bin Ibrahim al-Bassam signed for the Saudi Fund for Development.

According to the statement, a large proportion of the funds would be allocated to support women in the areas of agriculture, fishing and transport.

The Saudi Fund for Development NaijaAgroNet learnt is a Saudi government agency established by a royal decree in 1974, began operations in 1975 to channel bilateral aid to developing countries, primarily through grants and soft loans.

 President Ismail Omar, in the statement also said that the government main concern through the provision of the loans and grants is to drastically reduce unemployment among the women, youths, including the construction and rehabilitation of hospitals and health clinics, expansion of water and sanitation services

The statement also revealed that the Saudi fund has offered export credit and insurance amenities for non-crude oil national exports in Africa, to promote domestic economic diversification that contributes to development within recipient countries.

*With additional report from NAN

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