Blumberg Grain was featured this month in a Leadership Newspaper article titled Food Security Receives A Boost, As FG Launches Silo Complex, which examines cases of food insecurity due largely to storage inadequacies, in quality or quantity, leading to a substantial post-harvest wastage. During the signing of a memorandum of cooperation (MoC) between the ministry and the Infrastructure Concession Regulatory Commission (ICRC) on the concession of the silos, Dr. Adesina hinted that the Nigerian ministry was going to embark on concessioning and leasing of silos in conjunction with ICRC, World Bank and private stakeholders so as to effectively involve the private sector in the utilization of the excess storage space. An excerpt of the article follows:
The MoC, according to the minister, was the continuation of the process of synergy with the private sector to manage and operate silo complexes across the country. The signing of the MoC would bring the capacity utilization of the silos, which is currently less than 10 per cent, to about 100 per cent after the concession. Between the ministry and the ICRC, the roles and responsibilities of each party to the MoC towards the actualization of the proposed concession exercise would be spelt out.
The department is also collaborating with African Exchange Holdings (AFEX) Ltd. for the commencement of the pilot electronic Warehouse Receipt system in seven locations in Nigeria. The Blumberg Food safety and Security Vaults (Warehouses) are also being introduced in nine states of the federation to address post-harvest losses of fruits/vegetables, roots and tubers.
To read the full article, click here. For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment