The Managing Director/Chief Executive Officer of Benue Investment and Property Company (BIPC), Raymond Asemakaha, has unveiled an initiative aimed at boosting the state’s GDP through direct off-take of commodities from farmers.
Speaking during a TV business programme, Asemakaha highlighted the off-take programme as part of BIPC’s efforts to combat food insecurity and uplift the economic conditions of local farmers.
The programme ensures a stable market and fair prices for farmers’ produce, thereby increasing their income and enhancing livelihoods.
Read also:
- Nigeria takes bold step to protect domestic workers as bill advances
- FG, Benue partner to transform livestock sector, unlock $74bn growth potential
- NDDC empowers 300 Niger Delta rice farmers with N200,000 starter packs
- UKEF is Empowering Women-Led SMEs to Thrive in Global Trade
- SMEDAN hosts town hall to guide SMEs on tax reforms
Asemakaha also announced plans to establish a warehouse receipt system, allowing farmers to store their produce and access payment based on its value. “This system will empower farmers with greater control and better bargaining power,” he stated.
Additionally, the company’s ventures in brewery, fruit juice, bread, polythene, water, and nails are designed for backward integration, stimulating local farming activities, creating jobs, and driving economic growth in alignment with Governor Hyacinth Alia’s vision.
This initiative underscores BIPC’s commitment to fostering sustainable development and supporting small businesses in Benue State.
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.
