• About
  • Contact Us
Friday, July 1, 2022
The Gist Day
No Result
View All Result
  • Login
  • News
    • All
    • National
    Peter Nwaoboshi EFCC

    Court Of Appeal Panel Convicts Senator Nwaoboshi Of Money Laundering

    Sharia Hisbah Gay

    Sharia Court Sentences Three Nigerian Gays To Death By Stoning

    Nigeria Census

    FG To Cover Daura, Five Other Local Government Areas In Trial Census

    Buhari Nigeria UK

    Buhari Signs Deal To Allow UK Deport Hardened Foreign Criminals To Nigeria

    Buhari Nigeria Portugal

    Buhari To Sign 10 Agreements, MoUs With Portuguese Government

    Tinubu Wike APC

    Wike Visited Tinubu In France – Joe Igbokwe

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • News
    • All
    • National
    Peter Nwaoboshi EFCC

    Court Of Appeal Panel Convicts Senator Nwaoboshi Of Money Laundering

    Sharia Hisbah Gay

    Sharia Court Sentences Three Nigerian Gays To Death By Stoning

    Nigeria Census

    FG To Cover Daura, Five Other Local Government Areas In Trial Census

    Buhari Nigeria UK

    Buhari Signs Deal To Allow UK Deport Hardened Foreign Criminals To Nigeria

    Buhari Nigeria Portugal

    Buhari To Sign 10 Agreements, MoUs With Portuguese Government

    Tinubu Wike APC

    Wike Visited Tinubu In France – Joe Igbokwe

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home Business

VP, Osinbajo Commissions 200,000 Capacity Yam Storage Facility

Emmanuel Onminyi by Emmanuel Onminyi
June 10, 2020
in Business, Economy, National, News
0
0
SHARES
44
VIEWS
Share on FacebookShare on Twitter

The inauguration of the nation’s yam storage facility has taken off at the Zaki Biam International Yam Market in Benue State.

Reports suggest that Vice President, Yemi Osinbajo, inaugurated the 200,000 capacity facility on Tuesday from the Presidential Villa, Abuja.

READ ALSO

Court Of Appeal Panel Convicts Senator Nwaoboshi Of Money Laundering

Sharia Court Sentences Three Nigerian Gays To Death By Stoning

READ ALSO: Attack In Northeastern Nigeria Claims Dozens Of Lives

app

At the virtual event, Professor Osinbajo said that improving the working and trading for medium-sized businesses through shared facilities, MSMEs Clinics and other government interventions were critical parts of the Nigerian government’s drive towards supporting Micro, Small and Medium Enterprises.

According to Vice President, despite the volume of trade in yam in Zaki Biam, the market had had very little storage capacity and its infrastructure facilities were way behind its capacity and the size of commerce that goes on there daily.

Eco Bank

He said:

app

Besides, post harvest losses have been the bane of agriculture production, Nigeria produces 17 million tons of yam annually, but loses up to 40% on account of inadequate storage and processing facilities.”

Following discussions between the Nigerian Government’s MSME Clinics project, the Benue State government and market stakeholders, it was unanimously agreed that this 200,000 capacity Yam Storage Facility should be located right here in Zaki Biam, Benue State,” he explained.

That we are able to commission this project in the midst of the pandemic is especially heart-warming for him.

In 2016, Mr. President asked me to chair an initiative called the MSME Clinics. The idea was to provide a meeting point in every state between regulatory or approving authorities (such as NAFDAC, SON, CAC, BOI, FIRS, etc, and small and medium scale businesses in every State.

So, at such an event the MSMEs bring their problems and challenges to the regulatory authorities, and the authorities can offer on the spot services and advice to MSMEs. This includes advice on how to access credit facilities through the Bank of Industry (BOI).

One of the initiatives of the clinics was the idea of building Shared Facilities for the benefit of small businesses operating within clusters. This is because most individual businesses cannot on their own afford equipment necessary for their businesses.

The VP also noted:

There is the re-construction of 660 units of stalls/sheds, construction of a Police/market administrative building, construction of 8 units of public toilets, provision of solar-powered borehole with an overhead tank, construction of internal roads with drainage and installation of solar street lights.”

Professor Osinbajo commended the Benue State Governor, Samuel Ortom, “for his leadership and the solid support he has given to this project and to congratulate him on this commissioning of this game-changing project.”

app

The Zaki Biam Yam market is said to account for about 70% of yams cultivated in the country, with over 200 trucks loading 2 million tubers of yams weekly from the state known as the food basket of the nation.

Tags: Benue StateOsinbajoZaki Biam

Related Posts

Peter Nwaoboshi EFCC
News

Court Of Appeal Panel Convicts Senator Nwaoboshi Of Money Laundering

July 1, 2022
Sharia Hisbah Gay
Metro Gist

Sharia Court Sentences Three Nigerian Gays To Death By Stoning

July 1, 2022
Women Centre To Get A Facelift.
Economy

Women Centre To Get A Facelift.

July 1, 2022
Nigeria Census
National

FG To Cover Daura, Five Other Local Government Areas In Trial Census

July 1, 2022
Buhari Nigeria UK
News

Buhari Signs Deal To Allow UK Deport Hardened Foreign Criminals To Nigeria

July 1, 2022
Buhari Nigeria Portugal
News

Buhari To Sign 10 Agreements, MoUs With Portuguese Government

July 1, 2022
Next Post
Sahara Energy COO Reviews Impact of IMO:2020, Affirms Group’s Commitment to Cleaner Fuels

Sahara Energy COO Reviews Impact of IMO:2020, Affirms Group’s Commitment to Cleaner Fuels

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

app

app
GTBank ADs GTBank ADs GTBank ADs

LATEST NEWS

Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

June 28, 2022
25 Of The Latest Ankara Short Gown Styles For 2022

25 Of The Latest Ankara Short Gown Styles For 2022

March 10, 2022
Amen Estate ‘developer,’ Babatunde Gbadamosi throws shade after JJC Skillz announced his seperation from Funke Akindele

Amen Estate ‘developer,’ Babatunde Gbadamosi throws shade after JJC Skillz announced his seperation from Funke Akindele

June 30, 2022
Kolawole Ajeyemi shares a video of them dancing to debunk claim of being enmeshed in a marital crisis (video)

Kolawole Ajeyemi shares a video of them dancing to debunk claim of being enmeshed in a marital crisis (video)

July 1, 2022
Dollar To Naira Black Market Exchange Rate Today 1st July 2022

Dollar To Naira Black Market Exchange Rate Today 1st July 2022

July 1, 2022

EDITOR'S PICK

Buhari

President Buhari Approves Cut In Petrol Price

March 18, 2020
Buhari Mbaka Nigeria

Presidency Lands Mbaka A Killer Punch, Reveals Why He Called For Buhari’s Impeachment

May 1, 2021
BBNaija’s Thelma shades Tacha on Twitter as she shows off N2.7M cheque

BBNaija’s Thelma shades Tacha on Twitter as she shows off N2.7M cheque

June 17, 2020
Stanbic IBTC

CEO Stanbic IBTC Reveals How Young Nigerians Can Become Business Leaders

April 9, 2021

About

We bring you the stories that perfect for news, finance, politics etc. Check our landing page for details.

Follow us

Categories

  • A Call to Prayer
  • Appointments
  • Business
  • Celebrities
  • Coronavirus
  • Corporate Amazon
  • Economy
  • Education
  • Entertainment
  • Environment
  • Fashion
  • Financial Literacy
  • From the Kaaba
  • From the Pulpit
  • Gist & Jabs
  • Health
  • Jobmart
  • Lifestyle
  • Living
  • Metro Gist
  • National
  • News
  • Op-Ed
  • Opinion
  • Politics
  • Press Release
  • Religion
  • Sport
  • State News
  • Tech
  • Tourism
  • Travel
  • Uncategorized
  • World News

Recent Posts

  • Court Of Appeal Panel Convicts Senator Nwaoboshi Of Money Laundering
  • Sharia Court Sentences Three Nigerian Gays To Death By Stoning
  • Eniola Badmus Reacts To Funke Akindele’s Marriage Crisis
  • Yul Edochie Slams Trolls For Dragging Him And Tiwa Savage
  • Disclaimer
  • Home 2
  • Ikoyi building collapse: Corper who redeployed from Borno to Lagos, confirmed dead
  • Privacy Policy
  • Sample Page
  • TheGistDay
  • Whitemoney And New Lady Spotted Stepping Out Of Hotel Together (Video)

© 2022 TheGistDay.

No Result
View All Result
  • News
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel

© 2022 TheGistDay.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Posting....