AfDB Invest $300 Million In Agriculture

The African Development Bank (AfDB) in its continued efforts at providing fund for youths involved in agriculture would be investing about $300 million as part of innovative funding mechanism for youths in agric-led employment initiative. The funding as revealed by the Minister of State for Agriculture, Heineken Lokpobori would help develop the country and encourage youth in aghriculture.

This is news we can only hope the usual challenges of engaging the youth is overcome with this extra push coming into this critical sector of the economy. I would advice serious agro entrepreneurs to keep an eye out for some grant opportunities and loans from AfDB soon as they seek to achieve the mandate laid down with this kind of investment. Anyone with innovative social enterprise projects they wish to develop and possibly gain funding for, they should click here to get help incubating and accelerating such projects.

Have a productive day.

KOA

REVIEW OF RURAL TRANSFORMATION ROUND TABLE BRIEFING

Microfinance plays a key role in developing entrepreneurial activities in rural areas of emerging economies. This was why the team of the Youth Agro Entrepreneurs attended the round table briefings on the ethics and values for rural transformation through microfinance banks and industrial development cooperatives organised by the office of the special adviser on ethics and values to the Presidency.
The event was hosted at the International Conference Centre Abuja on the 13th of August 2013 at the Benue Hall venue. In attendance was an exhaustive list of dignitaries which included Dr Reuben M. Jaja, Chief Dr. A. Olu Aduloju, Hon. Chief Jethro M. Akun, Mr Haggai Gutap, Gabriel Owope, Maj. General Charles E. Airhiavbere and all the major microfinance banks in the country. The host was the outspoken and multilayered Dr Sarah Jibril.


Ethics and values are a slippery topic to discuss in any area of governance or administrative operation in Nigeria. While a general consensus is easily reached about the negative impact of operating financial institutions outside of the ethical frameworks, it becomes very opaque when specifics are discussed. The questions and answer sections of this round table briefing illustrated this once again. Issues about the percentages and interests rates to be charged by microfinance banks was met with answers that raised more questions than proffering clear insights into obtaining loans from microfinance banks to engage in rural based enterprises. Precious little time given to actual microfinance bankers to speak about how ethics and values would help build trust that is needed in providing these services to rural dwellers nor were we able to gain an insight into how one goes about setting up microfinance banks and their source of funds. The policy makers that spoke were all keen on regulating the activities of microfinance institutions and passionately in favour of a shift towards entrepreneurship. They just lacked the rigorous detail and clear data that a banking professional would have supplied to quell the worries of business owners interested in micro-financing. As a social innovation incubator interested in training entrepreneurs in the agricultural sector, this was a drawback to the briefing and we had to resort to actively interviewing participants during the tea break to get what we needed to know. At the day’s end we were left wondering what the events management team and the technical aides to the policy makers had actually done to prepare their employees for this event.

Good policy makers enact and promote policies that help shape their societies. This requires a clearly functional system that compromises of a well informed and detailed backroom staff to provide the technical expertise in the areas the policies would affect. In a nutshell – policy makers are only as good as the staff/aides that work for them. For effective 21st century policy making, we need to raise the bar to a model of distributed systems where complexity is handled by sharing the workload to the margins rather than imposed from the centre – the brave new world of differentiation and dissolution is upon us.
What the event lacked in quality information was made up for by the networking opportunities provided by the meeting. We were able to meet with policies makers with clout and vision to help actualize our vision. Information not available through grand speeches was suddenly accessible and demystified in short personal exchanges. All and all, it was a productive days briefing for enthusiasts of rural development.

Bad Market ( A short film on Agriculture )

Raja Obazele a seasoned and experienced film-maker from Abuja submitted this short film. this is an idea for a film he was working onwith Redstar Media an Abuja based outfit. The film highlights a very common problem experienced by farmers in Nigeria.




www.youtube.com/watch?v=bLfnGF1XRGk"

So we all know the story; farmer works haerd all season long to plant grains. The rains has being favourable, the soil is fertile and the harvest is looking like a profitable prospect. Every farmer should be happy - trhe hardwork has been done,its time to reap the financial benefit. But this is only half the story. The farmer needs to find a buyer.

The average small holder Nigerian farmer would typicvally rely on the servicce of a buyer who is usually a middle man to purchase their produce and resell to the community markets near the farm. This is usually where the problem lies. A high chunk of the profitsd accrued from selling agricultural produce is usually for the middleman to the loss of the farmer. This is a best case scenario. On the flipside, a large amount of crops and farm produce are sold at underwhelming prices or left to waste if the middlemen/marketers are not available to purchase from the farmer. Our farmers with limited business skills are left in the red.

There has being a call for government programmes and policies to provide a buffer program. Creating seeds and crops purchase and strorage centres that purchase excess seeds and off seaspon produce would make a world of difference. This would allow farmers and agriculturist to produce at optimum capacity without fear of wasting or under-pricing their efforts by the time the harvest season arrives.

FISHING FOR PROFIT

A little social innovation can help reduce the cost of feeding for aquaculture practitioners. There is huge profit to be made in fish farming due to its high demand but the steep cost of feed is a major worry for entrepreneurs venturing into this business. I experienced this first hand managing a fish pond as a part-time job during my NYSC year. Like most young people fishing for a little extra cash would do, I had to get innovative.

The farm specialized in catfish production but also had poultry on site. The pond I managed had a stock of approximately 2,100 pieces. The benchmark set for table sized catfish here was 1.5 kg. Therefore once the fish got to the benchmarked weight, they were ready to be sold off to prospective clients. I was responsible for designing the feeding regimen, feeding process, taking records of weights, keeping track of medications and vaccinations, monitoring water levels/quality and procurement of feed and other needed materials. I had a two man staff – one IT student from Federal University of Technology, Minna and a teenager from Katsina who lived in the village next to the farm and had made quite a reputation for himself as a reliable fish harvesting expert. He earned his living by been contracted on a daily basis by the different farms around our site. After watching him work for us on a contract capacity, We had to hire him.

I noticed early that a huge chunk of my weekly budget was spent on purchase of feeds. Catfish are notorious for their appetite and though they can constantly consume any feed chucked into their pond, I was working on the strict model that aimed for a 100% feed conversion ratio (FCR) ± 5% i.e. for a table sized fish of 1.5 kg, it would have consumed 1.5kg of feed. Therefore when we operated under optimum conditions, it would require 3,150 kg of feed to take our juveniles to table size catfish. The brand of feed used on the farm was “Coopen” which was available in 15kg bags and each bag costs # 7,0 00 Naira. Doing the quick sums would show that I needed to budget 1.47 million Naira for feeds if all conditions were met for optimum production and possibly higher if any errors came up in my feeding regimen. The large sum spurred me into action to reduce our cost of feeds and increase my take home pay.


The first step I took bringing to fore all of my analytical chemistry education was to pick up a bag of fish feed at the Kado fish Market (Abuja) and have a look at the contents sticker on the bag. I had to know exactly what was inside what I was paying for. I stumbled upon two facts that were so obvious I felt a shade thicker


• Most of the feed brands available were imported from Scandinavian countries and the very few feeds manufactured by Nigerian companies where so crude in design and packaging that most commercial farms were reluctant to purchase them

• The raw materials for compounding these feeds were readily available at the markets and on my farm site


Fish meal is a major component of the floating feeds and this was basically carcass of fish, small harvested fish, fish bones etc dried and granulated and incorporated into the feed with other additives, wheat offal, soya beans cake, fish oil and essential vitamins. Looking around the Kado fish market, like most other fish markets in Abuja there was no provision for cleaning and disposing off the waste generated at the market. The market was completely covered in fish entrails, fish scales, wastes and the likes. Right in front of me was the problem and the solution.

A clean and hygienic market would attract a wider range of customers and generate more profit for the traders (social responsibility) while collecting all the waste generated at the market would serve as useful raw material for compounding my own fish meal on the farm (entrepreneurial opportunism), later on I would learn from one of my staff that the catfish had a preference for feeding them the raw carcass and waste off the fish market due to it been easier to digest than compounded feeds but that’s a discussion for another day. I returned to the farm in Kuje and drew up an action plan. Investing 20% of my weekly feed budget, I purchased plastic bins and bags branded with our farm logo and joined my staff to woo the local fish sellers at Kuje market to collect all of their carcass, wastes, etc into the bins which we provided for free to them and even added an incentive of paying # 500 naira for anyone that filled up their wheelie bins. We collected them every evening at 5 o clock and transported them immediately to the farm. By the end of the first week, we had collected 160 Kg of fish waste from Kuje market. After drying and granulation this shrunk to about half the weight. This combined with the maggots produced from poultry droppings on site; I had managed to cut down my feed budget by an enviable 45 % and generated extra revenue selling the waste we couldn’t use to neighboring farms. Making a difference had never been so profitable.


Onimisi K. A.
Is Communication Officer for YAE and a Social Innovation enthusiast
follow on twitter @onimsiwordsmith