January 27, 2023

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Africa’s largest farmers’ market underway as agro agency seeks BOA partnership


First Aquagrico, a multipurpose farms hub has mooted a partnership collaboration between it and the Financial institution of Agriculture (BOA).

The transfer is aimed toward establishing the most important farmer’s market in Nigeria and to amongst different issues create an all-in-one agricultural market-hub for re-distribution, storage, processing and exporting of agro-products.

The idea in keeping with the group is aimed toward enhancing the promotion of huge scale industrial agriculture in Africa by means of a course of that maximises revenue whereas sustainably satisfying the wants of shoppers.

In an announcement dated October 12, 2022, the Managing Director of the agency, Mr. Kolapo Joshua Talabi, said that the market would help agricultural worth chain actions and capability growth with a purpose to stimulate agriculture growth in Nigeria.

The market, when established Talabi famous additional would improve the promotion of huge scale industrial agriculture in Africa by means of a course of that maximizes revenue whereas sustainably satisfying the wants of shoppers. 

The letter learn partly, “We now have been retained as Company Secretary, Solicitor and Company Advisor by FIRST AQUAGRICO FARMS NIG. LTD (hereinafter known as ‘Our Shopper’), on whose agency directions we hereby write you with respect to the above subject-matter. 

“Being a proudly Nigerian agro-allied entity, Our Shopper undertook the research and survey of the agricultural sector in Nigeria and found that one of many main causes resulting in the lower in progress of the agricultural sector particularly within the 2nd Quarter of 2022 with a progress of 1.20% as towards 3.16% of the earlier Quarter is owing to poor merchandise of the agricultural produce.

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“It’s reckoned that the scenario will worsen with the harzadous climatic modifications and flooding which have main affect on the distribution and marketability of agricultural merchandise. 

“In view of Our Shopper’s intensive expertise within the agricultural sector, it’s posited that an environment friendly market system can challenge a progressive GDP for the Nigerian financial system which might shift the financial base of the nation from a mono-economy reliant on crude oil to agriculture as its mainstay reflective of pre-1970 Nigeria. It’s on this gentle that Our Shopper has conceived and set in movement the institution of Africa’s Largest Farmers’ Market in Nigeria. 

“The first goal of setting in movement Africa’s Largest Farmers’ Market in Nigeria is to create an all-in-one agricultural market-hub which encompasses gathering, re-distributing, storing, processing and exporting of agro-products. 

“The idea is to reinforce the promotion of huge scale industrial agriculture in Africa by means of a course of that maximizes revenue whereas sustainably satisfying the wants of shoppers. As well as, the idea will assuredly make a terrific affect within the nation’s agricultural sector by boosting meals provide, creating jobs, elevating incomes, lowering malnutrition and contributing to the progress of the continent’s agro-economy.

“It’s no coincidence that our shopper’s targets aligns with the mandate of the Financial institution of Agriculture notably because it pertains to help for all agricultural worth chain actions and capability growth with a purpose to stimulate agriculture, enhance lives and develop communities. 

“These viable targets accordingly places the Financial institution of Agriculture in a pivotal place in bringing to fruition Africa’s Largest Farmers’ Market in Nigeria.” 

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The agency within the letter is requesting for a project-presentation go to to the financial institution for higher and strong deliberation on the idea within the curiosity of Nigerians farmers.

First Aquagrico Farms is an built-in agro-business firm duly registered with the Company Affairs Fee as a Restricted Legal responsibility Firm with focus in galvanising agriculture as a veritable device for nationwide financial growth by means of the creation and synchronisation of markets for farmers each regionally and internationally, and it has remained a key sector participant for big scale agriculture produce merchandise.