NIGERIA: $20 m factory for soybeans production

  1. Posted on Wednesday 13 July 2011 - 13:29
    AfricaNews editor
    AfricaNews Business desk
    Nigeria-based Karma Foods Limited is establishing a $20 million factory that will take delivery of locally produced soybeans at the end of this year's harvest, and open up new marketing opportunities for Nigerian soybean farmers.
    soybean
    The 75,000 metric tons processing capacity factory, which is located near Abuja International Airport close to Gwagwalada—about 30 minutes drive from Nigeria’s capital city of Abuja—will create additional stable and sustainable demand for soybean in one of Africa’s major producers.

    Karma Foods plans to source 100% of its soybean demand locally, says Dipak Mirchandani, Chairman of the firm, ahead of a stakeholder conference on soybean in Makurdi on 12 July.

    “We hope that this investment will help reposition soybean production in Nigeria, and more importantly, it will profit the Nigerian soybean farmer because he now not only has options to sell his products, but also can plant with a sense of security and the assurance that his produce has a committed buyer,” he adds.

    To meet the company’s soybean demand, Karma Foods and researchers from the International Institute of Tropical Agriculture under the Tropical Legume ΙΙ project and the University of Agriculture Makurdi will be backstopping farmers in Benue state with best practices in soybean production.

    “We see Benue farmers as key stakeholders in this project because the state plays a leading role in soybean production,” says Mirchandani.

    The company, the biggest soybean factory in Sub Saharan Africa outside of South Africa, will be creating tens of thousands of jobs along the soybean value chain, which will help reduce the level of unemployment in Nigeria in line with President Goodluck Jonathan’s transformational agenda.

    Dr. Alpha Kamara, IITA Systems Agronomist, says the emergence of Karma Foods will go a long way in increasing soybean production in northern Nigeria with a resultant increase in farmers’ income.

    He explains that IITA and partners are already promoting soybean production through the provision of high yielding improved varieties, creating awareness, promoting sustainable seed production systems (community seed schemes) and strengthening the capacities of seed companies to package and sell improved seeds.

    Described as a ‘miracle bean’ or ‘golden bean’ because of its cheap protein-rich grain, soybean production in Nigeria has been stymied by unfavorable market which often times results to cyclical gluts.

    Dr. Lucky Omoigui, Molecular Geneticist/Plant Breeder at the University of Agriculture Makurdi, says the new partnership between research and industry will create sustainable demand and supply for the commodity, and make the farmers proud hence they now have a very large and committed buyer who is reaching out to them.

    Over the years, IITA has made substantial efforts to improve the productivity of the crop by developing high yielding, early maturing varieties capable of nodulating in association with local rhizobia, and possessing other good agronomic traits. The institute has also developed and released rust resistant soybean.
Pages:
1, 2, Last -

Reactions

  1. Posted on Friday 16 March 2012 18:26
    jonie Addo-Fening
    Image of jonie Addo-Fening

    Jonie Addo-Fening
    1 berichten
    Lid sinds March 2012
    Accra

    This is exactly what Africa needs. Building local factories that can buy directly from our farmers. It enables the continent to add value to our own produce and increase the earning power of our farmers. No need to rely on foreign products. I am very excited by this. Besides we don't have ot go and put our money in foreign banks that allows these already developed countries to develop their economies whilst turning round to lend us money. These are the sort of projects our political leaders need to support to help improve our economies. Way to go Nigeria!
  2. Posted on Wednesday 16 May 2012 03:26
    JasonSteels
    Image of JasonSteels


    1 berichten
    Lid sinds May 2012

    The fact that they are looking into soybeans is amazing! One day we may use soybeans in office furniture, you never know! I will share this with my buddies over at Office Furniture Warehouse
  3. Posted on Wednesday 31 October 2012 17:01
    randyjames
    Image of randyjames


    260 berichten
    Lid sinds October 2012

    I am glad to be a visitant of this arrant site, appreciate it for this rare information! vimax I'd constantly want to be update on new articles on this web site, saved to favorites!
  4. Posted on Friday 02 November 2012 08:42
    GarrettHughen51
    Image of GarrettHughen51


    134 berichten
    Lid sinds November 2012

    Really instructive and great bodily structure of articles, now that's user genial (:. vigrx plus I do not even know how I ended up right here, but I believed this put up was once great. I do not recognise who you might be but certainly you're going to a well-known blogger when you aren't already ;) Cheers!
  5. Posted on Thursday 08 November 2012 03:24
    PatRatermann37
    Image of PatRatermann37


    138 berichten
    Lid sinds November 2012

    Some times its a pain in the ass to read what website owners wrote but this internet site is rattling user genial! male enhancement pills It's actually a cool and useful piece of info. I am happy that you simply shared this useful information with us. Please keep us up to date like this. Thanks for sharing.
  6. Posted on Wednesday 05 December 2012 04:29
    RessieSouter75
    Image of RessieSouter75


    155 berichten
    Lid sinds November 2012

    It is in reality a great and useful piece of info. I am glad that you simply shared this useful information with us. Please keep us up to date like this. Thank you for sharing. male enhancement pills I rattling glad to find this internet site on bing, just what I was searching for :D too saved to my bookmarks.
  7. Posted on Wednesday 12 December 2012 15:23
    cyx831101
    Image of cyx831101

    asdf asdf
    38 berichten
    Lid sinds December 2012

  8. Posted on Monday 17 December 2012 11:38
    tonysatrio
    Image of tonysatrio


    217 berichten
    Lid sinds December 2012

    “We see Benue farmers as key stakeholders in this project because the state plays a leading role in soybean production,” says Mirchandani.
    Vimax Brunei
    Vimax
  9. Posted on Thursday 17 January 2013 03:12
    KatherynChanady61
    Image of KatherynChanady61


    135 berichten
    Lid sinds November 2012

    Absolutely indited written content, Really enjoyed reading through. vimax scam I am no longer certain the place you're getting your information, but great topic. I must spend some time learning much more or figuring out more. Thanks for fantastic info I was searching for this info for my mission.
  10. Posted on Monday 04 February 2013 04:43
    ChristopherEzell23
    Image of ChristopherEzell23


    131 berichten
    Lid sinds November 2012

    I really glad to find this web site on bing, just what I was searching for :D besides saved to favorites. Check This Out We wish to thank you once more for the stunning ideas you offered Jeremy when preparing her own post-graduate research as well as, most importantly, pertaining to providing the many ideas in one blog post. In case we had been aware of your blog a year ago, we might have been rescued from the pointless measures we were having to take. Thanks to you.
  11. Posted on Thursday 07 February 2013 08:34
    YaekoEisenstadt23
    Image of YaekoEisenstadt23


    140 berichten
    Lid sinds February 2013

    Thanks for the sensible critique. Me & my neighbor were just preparing to do a little research on this. We got a grab a book from our area library but I think I learned more clear from this post. I'm very glad to see such magnificent info being shared freely out there. male enhancement supplements I am glad that I discovered this site, exactly the right info that I was searching for!
  12. Posted on Thursday 28 February 2013 06:28
    MicheleCuppernell64
    Image of MicheleCuppernell64


    145 berichten
    Lid sinds February 2013

    Perfect piece of work you have done, this internet site is really cool with fantastic information. vigrx plus I am glad to be one of several visitants on this outstanding web site (:, regards for putting up.
  13. Posted on Thursday 07 March 2013 09:24
    DeangeloWieman17
    Image of DeangeloWieman17


    138 berichten
    Lid sinds February 2013

    You have brought up a very great details, appreciate it for the post. size genetics I like this internet site because so much utile material on here :D.
  14. Posted on Friday 08 March 2013 14:59
    AnishaMichelet89
    Image of AnishaMichelet89


    139 berichten
    Lid sinds February 2013

    Some truly marvelous work on behalf of the owner of this site, dead outstanding content material. male enhancement I'll immediately clutch your rss feed as I can't find your e-mail subscription hyperlink or e-newsletter service. Do you've any? Kindly permit me recognize in order that I may subscribe. Thanks.
  15. Posted on Saturday 30 March 2013 12:08
    FranklynSirbaugh19
    Image of FranklynSirbaugh19


    140 berichten
    Lid sinds February 2013

    I am not rattling excellent with English but I line up this real easygoing to understand. vimax Heya i am for the first time here. I found this board and I to find It really helpful & it helped me out much. I hope to offer one thing again and aid others such as you aided me.
  16. Posted on Monday 01 April 2013 09:07
    YaekoEisenstadt23
    Image of YaekoEisenstadt23


    140 berichten
    Lid sinds February 2013

    Some genuinely nice and utilitarian information on this internet site, likewise I conceive the style and design holds great features. vimax pills ingredients It's actually a cool and useful piece of info. I am happy that you simply shared this useful information with us. Please keep us up to date like this. Thanks for sharing.
  17. Posted on Friday 05 April 2013 11:47
    AhmedLanz94
    Image of AhmedLanz94


    153 berichten
    Lid sinds February 2013

    I enjoy looking at and I believe this website got some truly utilitarian stuff on it! vigrx plus I'll immediately clutch your rss feed as I can't find your e-mail subscription hyperlink or e-newsletter service. Do you've any? Kindly let me recognise in order that I may subscribe. Thanks.
  18. Posted on Monday 13 May 2013 05:52
    JacelynVielmas12
    Image of JacelynVielmas12


    143 berichten
    Lid sinds February 2013

    Great post. I was checking constantly this weblog and I'm impressed! Extremely helpful info particularly the ultimate part :) I deal with such information much. I was looking for this certain information for a very long|lengthy time. Thanks and best of luck. vigrx plus I had been honored to get a call from my friend as he identified the important ideas shared on the site. Looking at your blog publication is a real wonderful experience. Many thanks for thinking about readers much like me, and I desire for you the best of success like a professional in this area|arena|discipline|domain|realm|surface area|topic|in this field.
  19. Posted on Thursday 23 May 2013 15:24
    JewellCutwright96
    Image of JewellCutwright96


    138 berichten
    Lid sinds February 2013

    Appreciate it for this post, I am a big big fan of this internet site would like to continue updated. best male enhancement reviews Keep up the excellent piece of work, I read few content on this internet site and I believe that your web blog is rattling interesting and has got sets of excellent information.
  20. Posted on Saturday 25 May 2013 15:38
    FranklynSirbaugh19
    Image of FranklynSirbaugh19


    140 berichten
    Lid sinds February 2013

    You have brought up a very great details, appreciate it for the post. male enhancement I like this web blog so much, saved to favorites.
  21. Posted on Monday 27 May 2013 15:44
    DelilaSzalankiewicz21
    Image of DelilaSzalankiewicz21


    141 berichten
    Lid sinds February 2013

    Heya i am for the first time here. I found this board and I to find It really helpful & it helped me out much. I'm hoping to provide one thing again and aid others such as you aided me. male enhancement products Simply a smiling visitant here to share the love (:, btw outstanding design and style.
  22. Posted on Wednesday 29 May 2013 15:27
    CharlotteAlfisi23
    Image of CharlotteAlfisi23


    134 berichten
    Lid sinds February 2013

    Thanks a lot for sharing this with all people you actually understand what you're speaking about! Bookmarked. Kindly additionally visit my web site =). We may have a hyperlink trade arrangement between us! top male enhancement reviews I am glad to be one of several visitants on this outstanding web site (:, regards for putting up.
  23. Posted on Thursday 30 May 2013 16:20
    AliceMorro46
    Image of AliceMorro46


    147 berichten
    Lid sinds February 2013

    Great post.Ne'er knew this, thank you for letting me know. male enhancement Hello There. I discovered your weblog using msn. That is a really well written article. I'll make sure to bookmark it and return to learn extra of your helpful info. Thanks for the post. I'll certainly return.
  24. Posted on Friday 31 May 2013 15:39
    ShaundaKryston55
    Image of ShaundaKryston55


    149 berichten
    Lid sinds February 2013

    Hello my friend! I wish to say that this post is amazing, nice written and include approximately all significant infos. I would like to see extra posts like this. top male enhancement products Glad to be one of several visitants on this awful internet site :D.