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By Promise Emmanuel (Kogi Rebel)
The Multidimensional poverty index statistics MPIs, released by the United Nations (Un) at the pelvis of 2017 outlines the growth of Kogi’s economy as a whole in relation to poverty reduction. MPIs are gauged under three major grounds: infrastructure, education, Healthcare Facilities and overall standard of living of the people.
According to Wikipedia, “The Global Multidimensional Poverty Index (MPI) was developed in 2010 by the Oxford Poverty & Human Development Initiative (OPHI) and the United Nations Development Programme and uses different factors to determine poverty beyond income-based lists. It replaced the previous Human Poverty Index.”
In 2015, the poverty index figure stood at 26.4%. However, between the period of the change in governance between Governor Wada and Yahaya Bello, the economy expanded with a shrink in the poverty figure down by 3%. These growth was spurred by structural changes in governance that allowed other sectors to thrive.
Within two years, the brown collar economic sector grew tremendously due to adequate creation of awareness amongst the people through the diversification goal of the New Direction Blue print of the current administration, under the Job Creation thematic goal that anchors on Agriculture and Private Sector participation via the PPP arrangement.
Kogi State ranks as the highest producers of Cashew products and Cassava in the stretch of Nigeria, also having fertile lands to grow rice in commercial quantities. The State Government brought in Cassava offtakers like Crest Agro, which takes Cassava directly from the farmers on harvesting. The Cashew products in nuts and juice are also directly taken off the farmers on harvest. This has created the necessary stimulation of the indigenes to sink commercial scale efforts into farming these two products with assurance of the buying market at nose region.
What are the opportunities for medium scale agro-inclined investors?
Cassava: Kogi State has a projection of 20m tons of Cassava production by the year 2020, while sitting as the highest producers of the commodity in Nigeria at the moment. Kogi has been contributing the largest to the national scale for exports as well. The pinnacle effect of this trend is the viable opportunity in the sector. Cassava farming gaining momentum as the State Government has placed Agriculture to provide 15% for her budget in the year 2018. Massive incentives via Cassava sticks, clearing of lands for free, provision of offtakers to buy directly from the farmers are some of the stimulators to attract the youths and investors into Cassava farming. The massive lands and flexible rent systems can also allow non-indigenes to rent lands to grow Cassava with a readily available market for purchase.
Cashew: According to Stephen Ahiaba, Kogi State chairman of the National Cashew Association Nigeria (NCAN), the state has a current production capacity of 55,000 metric tons of cashew nuts, which confluence state has taken the lead as the largest cashew-producing state in the country. He revealed that the Cashew industry is about a 20BN industry annually for the state alone. The chain effect of more investors and farmers into the sector can only be imagined. The opportunity lying in this sector has a buffer from the favorable land systems, available markets and low maintenance for growing Cashew.
Fish: According to statistics from BudgetIT and World Bank, Fish pond in Kogi State is an untapped goldmine. Annually, there’s 42million tons tapable from that sector if investors can harness the opportunities. Earth ponds can be water-piped from the River Niger than runs across vital regions of the state with an market inter land of sales to the about 10 states that borders Kogi state, including the Federal Capital Territory, Abuja. It is also estimated that the homegrown quantity is not sufficient for the local market as the hotel and restaurants life of the state depends on Cat fish. More riverine farmers and fish pond investors can take advantage of this sector. The State Government is also making about 1 thousand millionaires from Fish farmer to encourage others, with the provision of earth ponds, fingerlings and their feed for 6 months to Kogites spread across the three Senatorial districts of the state in her pilot Agro-project into the sector. Massive opportunities abound in this industry.
Conclusively, the forth coming Kogi State Economic and Investment Summit holds from 13th-14th of February, 2018. The Vice President of Nigeria, Prof. Yemi Osinbajo is to open the event. The Obajana Cement owner in Kogi State and Africa’s Richest man, Aliko Dangote is to also grace the event. The Minister for Trade and Investment would also be in troupe with investors who would enjoy the exposition of various natural and Human Resources available for exploration in the state. It is instructive to note that the recent growth in MPIs is a reassuring assessment that investments yields positive returns in the state if people throw in their monies and time.
…Kogi State Economic Summit: Explore, Invest and Grow
The Multidimensional poverty index statistics MPIs, released by the United Nations (Un) at the pelvis of 2017 outlines the growth of Kogi’s economy as a whole in relation to poverty reduction. MPIs are gauged under three major grounds: infrastructure, education, Healthcare Facilities and overall standard of living of the people.
According to Wikipedia, “The Global Multidimensional Poverty Index (MPI) was developed in 2010 by the Oxford Poverty & Human Development Initiative (OPHI) and the United Nations Development Programme and uses different factors to determine poverty beyond income-based lists. It replaced the previous Human Poverty Index.”
In 2015, the poverty index figure stood at 26.4%. However, between the period of the change in governance between Governor Wada and Yahaya Bello, the economy expanded with a shrink in the poverty figure down by 3%. These growth was spurred by structural changes in governance that allowed other sectors to thrive.
Within two years, the brown collar economic sector grew tremendously due to adequate creation of awareness amongst the people through the diversification goal of the New Direction Blue print of the current administration, under the Job Creation thematic goal that anchors on Agriculture and Private Sector participation via the PPP arrangement.
Kogi State ranks as the highest producers of Cashew products and Cassava in the stretch of Nigeria, also having fertile lands to grow rice in commercial quantities. The State Government brought in Cassava offtakers like Crest Agro, which takes Cassava directly from the farmers on harvesting. The Cashew products in nuts and juice are also directly taken off the farmers on harvest. This has created the necessary stimulation of the indigenes to sink commercial scale efforts into farming these two products with assurance of the buying market at nose region.
What are the opportunities for medium scale agro-inclined investors?
Cassava: Kogi State has a projection of 20m tons of Cassava production by the year 2020, while sitting as the highest producers of the commodity in Nigeria at the moment. Kogi has been contributing the largest to the national scale for exports as well. The pinnacle effect of this trend is the viable opportunity in the sector. Cassava farming gaining momentum as the State Government has placed Agriculture to provide 15% for her budget in the year 2018. Massive incentives via Cassava sticks, clearing of lands for free, provision of offtakers to buy directly from the farmers are some of the stimulators to attract the youths and investors into Cassava farming. The massive lands and flexible rent systems can also allow non-indigenes to rent lands to grow Cassava with a readily available market for purchase.
Cashew: According to Stephen Ahiaba, Kogi State chairman of the National Cashew Association Nigeria (NCAN), the state has a current production capacity of 55,000 metric tons of cashew nuts, which confluence state has taken the lead as the largest cashew-producing state in the country. He revealed that the Cashew industry is about a 20BN industry annually for the state alone. The chain effect of more investors and farmers into the sector can only be imagined. The opportunity lying in this sector has a buffer from the favorable land systems, available markets and low maintenance for growing Cashew.
Fish: According to statistics from BudgetIT and World Bank, Fish pond in Kogi State is an untapped goldmine. Annually, there’s 42million tons tapable from that sector if investors can harness the opportunities. Earth ponds can be water-piped from the River Niger than runs across vital regions of the state with an market inter land of sales to the about 10 states that borders Kogi state, including the Federal Capital Territory, Abuja. It is also estimated that the homegrown quantity is not sufficient for the local market as the hotel and restaurants life of the state depends on Cat fish. More riverine farmers and fish pond investors can take advantage of this sector. The State Government is also making about 1 thousand millionaires from Fish farmer to encourage others, with the provision of earth ponds, fingerlings and their feed for 6 months to Kogites spread across the three Senatorial districts of the state in her pilot Agro-project into the sector. Massive opportunities abound in this industry.
Conclusively, the forth coming Kogi State Economic and Investment Summit holds from 13th-14th of February, 2018. The Vice President of Nigeria, Prof. Yemi Osinbajo is to open the event. The Obajana Cement owner in Kogi State and Africa’s Richest man, Aliko Dangote is to also grace the event. The Minister for Trade and Investment would also be in troupe with investors who would enjoy the exposition of various natural and Human Resources available for exploration in the state. It is instructive to note that the recent growth in MPIs is a reassuring assessment that investments yields positive returns in the state if people throw in their monies and time.
…Kogi State Economic Summit: Explore, Invest and Grow
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