Presentation on Phygital Smallholder Value Chain Group Picture at the Minister of Agriculture Conference Room |
Corrigendum
We reference to our story on “ ICRISAT to implement $ 50 EU
new E- wallet for farmers” we hereby want to make
the following correction against the $50 million targeted at farmers in Africa for the purpose of putting record straight as
rightly observed by Pierre C. Sibiry Traore.
Mr. Pierre. Traore called our attention to the following as “We
are grateful to the FoodFarmNews
network for reporting on the recent “Phygital smallholder value chains
organized by MANOBI Incl. Digital Solution LTD in partnership with FMARD,
ICRISAT and CCAFS.
We wish to bring a small corrigendum to this blog entry,
during the event we communicated instead that (1) the agCelerant value chain
orchestration platform aims to connect 50 million smallholders to markets in
sub-Saharan Africa (of which 15 million in Nigeria) within 5 years, in
collaboration with FMARD, ICRISAT, and other partners, (ii) that this effort
corresponds to a total value in annual agricultural credit lines of about USD
23bn, and that MANOBI was working with various financial institutions to
promote such investments through agCelerant.
We also introduced the EU-funded
NADIRA innovation action (Nurturing Africa’s Digital Revolution for
Agriculture, for which Nigeria is a launch country, as a mechanism to
accelerate the agricultural transformation brought by agCelerant through Earth
Observation and IoT. More details can be shared on request. Best regards”
We sincerely apologize for the error , it was unintended.
To this effect,
the Federal Ministry of Agriculture and Rural Development (FMARD) has given its
nod to start the phygital platform experimentation with Agricultural
Transformation Agenda Support Program-1 (ATASP-1) and Fadama III Additional
Financing (AF).
Dr Buka Hassan Permanent Secretary Federal Ministry of Agriculture and Rural Development during his address. |
Unveiling this technology
at the FMARD, the Director General, Manobi Digital Agricultural Company, Mr.
Daniel Annerose said that the phygital system was a platform created to provide
farmers with market information, access to certified credit, inputs, services
and protection against risks and exploitation, adding it would lead to more
money for trading in agricultural produce as effort was on going to source 50
million dollar from the EU towards the financing of 50 million farmers between
now and 2020.
Dr. Hakeem Ayinde Ajeigbe,(ICRISAT) - Kano Station and Country Representative - Nigeria West & Central Africa Program during his presentating |
Dr. Annerose
said that the first beneficiary of the platform would be small farmer holders
saying ‘‘ we want to embark quickly on 100,000 farmers in the next month and
50million before the end of 2020 we will have 50million farmers in Nigeria,
connect them direct to the industry, as we will also release the financial
investment of the banks to small scale farmers, as the banks will be presented
with the data of the farmers, to understand the farmers achievements and what
the farmer is doing and to know if the risk is worth taking for the farmers”
He added that
the company has been working with FMARD and other relevant agencies to support
the finances of the farmers saying that the project had already started in
Bauchi state with progress to commence in Ibadan very would soon.
Cross section at the Presentation on Phygital Smallholder Value Chain held at Minister of Agriculture Conference Room |
ICRISAT
Country Representative, Dr. Hakeem Ajeigbe told Food farm news that the project was
going to be sustainable unlike the other electronic wallet system used in the
past saying “unlike the GES that is not sustainable, where government needs to
be pumping money every year, this one, government doesn’t need to, this one is
going to create permanent job for the facilitators unlike the GES that did not
create permanent job”
Cross section at the Presentation on Phygital Smallholder Value Chain held at Minister of Agriculture Conference Room |
He added that the system was going to link
farmers directly with input providers and market off takers stressing that
under the last Growth Enhancement Scheme Support (GESS) “the seed companies
just went and deposit the seeds in a certain center that farmers would have to
go there and pick, but with this new model, farmers will have the choice to go
to seed company of their choice to collect, so if company “ A” is not providing
good seeds, the farmer has a choice to change to another provider”
Cross section at the Presentation on Phygital Smallholder Value Chain held at Minister of Agriculture Conference Room |
Continuing,
he said: ‘‘We are going to launch the project with the ATASP-1 and FADAMA III
AF farmers, but working with as many more farmers is our target without any
discrimination. Already ATASP-1 and the FADAMA want all their farmers to be
there because at the end of the day we are looking at the market, the combined
market of Flour Mills of Nigeria, Honeywell, Derivatives, Guinness, and other
small mill for sorghum, their combined market demand is in the tune of
500,000MT, so the ATASP-1 and the FADAMA farmers cannot meet 20 per cent of
that so we need all sorghum farmers”
Cross section at the Presentation on Phygital Smallholder Value Chain held at Minister of Agriculture Conference Room |
Also
speaking on the occasion, the Permanent Secretary (PS), FMARD, Dr. Bukar Hassan
pointed that the integration of the small farmers’ holder into an efficient
data collection system like this new phygital would transform the ecosystem of
agricultural transformation of this present administration to a greater height
saying “ we have to provide small farmers access to affordable capital support,
extension services that will give him knowledge to evolve his farming skills
from subsistence to commercial farming”
Tunde Temowo Derivatives Industry Ltd Boss in blue, Adekunle Alege, the National Agricbusiness Specialist ATA Support Program Phase 1 (ATASP-1) FMARD |
Dr.
Bukar stressed that the FG was determined to restructured the Bank of
Agriculture (BOA) so as to be able to meet up with its mandates pointed that
his ministry through the GES has greatly
impacted on farmers with agricultural inputs subsidy.
Cross section at the Presentation on Phygital Smallholder Value Chain held at Minister of Agriculture Conference Room |
He
added that “what Nigerian farmers need most is access to finance. The main
reason we have low return of loan repayment of agricultural loan in the country
is that 90 percent of those who took the loans are not real farmers. We have to
make sure that the people who are enjoying these credits from the financial
institutions are real productive farmers”.
We are grateful to the FoodFarmNews network for reporting on the recent 'Phygital Smallholder Value Chains Convening' organized by MANOBI Incl. Digital Solutions Ltd. in partnership with FMARD, ICRISAT and CCAFS. We wish to bring a small corrigendum to this blog entry. During the event, we communicated instead that (i) the agCelerant value chain orchestration platform aims to connect 50 million smallholders to markets in sub-Saharan Africa (of which 15 million in Nigeria) within 5 years, in collaboration with FMARD, ICRISAT, and other partners; (ii) that this effort corresponds to a total value in annual agricultural credit lines of about USD 23bn, and that MANOBI was working with various financial institutions to promote such investments through agCelerant. We also introduced the EU-funded NADiRA innovation action (Nurturing Africa's Digital Revolution for Agriculture), for which Nigeria is a launch country, as a mechanism to accelerate the agricultural transformation brought by agCelerant through Earth Observation and IoT. More details can be shared on request. Best regards!
ReplyDeleteContact: pierre.sibiry.traore@manobi.com
That is to say is not $50 million as quoted
ReplyDelete