Ogbeh who was on fact finding tour alongside, the Governor of Central Bank of Nigeria (CBN) Mr. Godwin Emefiele to Dangote Tomato process plant at Kadawa in Garun-Mallam local government of Kano state, Monday, said that the Federal government under the leadership of President Muhammadu Buhari will embark of tomato revolution across the country as part of its diversification policy in agriculture.
According to him, the sum of N250 billion has already been earmarked by the Central Bank of Nigeria through the Bank Agriculture to disburse as soft loans to tomato outgrowers as part of the apex bank’s Anchor-borrower scheme.
Ogbeh, lamented that the country has spent over $22 billion on the importation of tomato paste from China annually, added that the CBN intervention will not only empower local growers but strengthen the nation’s foreign exchange earnings.
From the nation
Nice one if the price won't double
ReplyDeleteE money and that IBO man for Oregun don hammar
DeletePrice of a basket of tomato go soon skyrocket again. It happened in 2017 a basket sold for #32,000 as against #4500 we normally buy in Abuja here.
DeleteAll tomato farmers will now move their produce to Dangote plant which saves them more money on transportation to the market and also reduce incidences of perished goods.
High cost loading
Audu wan mortgage jollof rice?
ReplyDeleteIm fit carry wetin go follow am?
My Naija (babes) people no dey joke with jollof o.
As in no derica again
DeleteOnly problem here is there's probably a dangote that bribed the government for this new rule because he has a business start up that will benrfit
No be Dango again? That's his M.O right there. As long as they can ensure quality. That is all. SON ji masun o! Ehen
DeleteHope it's not as if they want to stop it to promote Dangote tomato paste because Dangote has bribed them because Nigeria and corruption na like 5 and 6
ReplyDeleteThey should stop the importation because they really want to promote the locally made ones and not the other way round
Once I saw the headline e I said to myself...."self, I guess dangote or another campaign financier wants to open a tomamto paste company".... I am glad to see I was wrong and laughed when I saw the factory was already in existence.
ReplyDeleteAll administrations both past and present should continue till Nigerians will have to either wear dangote boxers or go naked.Keep selling the country and creating monopolies to further enrich your already rich sponsors.
So bad for a country. The future of Nigeria has already being mortgaged.
DeleteDan gore should not monopolize the business o.
ReplyDelete*Dangote
DeleteWhat of Al Gore??
DeleteThe Igbo billionaires will give him a run for his money unless the government monopolies it.
DeleteErisco has a tomato paste plant in Lagos.
DeleteSo, where us the locally made tomato paste??
ReplyDeletePlease, let them leave it as it is. Let us all but whatever we want from the market. Nor be by force.
And what if they intend to stop it to promote Dangote and the other local companies producing,Do you know how much risk these companies take to invest in a product that 95% of it is imported?Now that the govt is giving them some leverage to make money off their risks you’re complaining.
ReplyDeleteYou so right
DeleteExpect a price increase.
ReplyDeleteExpect a lesser price instead and more internal revenue and job creation. Be wise. Basic Econs 101
DeleteDangote leave is alone
ReplyDeleteHmmmmmm!!!!
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If home made doesn't taste like or better than Gino,derica,St rita or Ricci they shouldn't bother.
ReplyDeleteIt's a wonderful idea for us but I just wish they would give the license to other people asides dangote, let young food scientists or agriculture experts get the opportunity to make money too.
ReplyDelete