News

Amo Byng Nig Ltd. Partners with Kwara State Government to Support Soybean Farmers

Amo Byng Nig Limited, a leading producer of poultry feed and concentrates, has commenced a strategic partnership with the Kwara State Government to bolster local soybean production, addressing the current shortage that is impacting poultry feed production across Nigeria. This collaboration was formally launched on July 16, 2024, and marks a significant step towards revitalizing the soybean industry.

The soybean shortage has led to increased feed production costs for poultry farming, as much of Nigeria’s soybeans are being exported. In response, Amo Byng Nig Ltd. is stepping in to support local farmers by providing essential farming inputs and committing to purchase the soybean at harvest. This initiative aims to stimulate local production, improve raw material availability, and reduce production costs.

As part of this pilot program, Amo Byng Nig Ltd. has equipped 300 farmers with inputs to cultivate soybean across 1,500 hectares in the Kaiama Local Government Area of Kwara State. The program encompasses four communities within the local government area. In support of this initiative, the Kwara State Government has allocated tractors to assist farmers with land preparation, enhancing the efficiency and effectiveness of the farming process.

Dr. Ayoola Oduntan, Group Managing Director of Amo Byng Nig Ltd., emphasized the importance of the partnership: “Addressing the soybean shortage is crucial for the poultry industry, as it directly impacts feed production. This partnership is vital for providing farmers with the necessary inputs and ensuring the purchase of their harvest. Our goal is to stimulate local production and alleviate the raw material shortage.”

Dr. Ayoola Belgore, Managing Director of Amo Byng Nig Ltd., highlighted the broader vision of the initiative: “While this pilot program marks a significant step forward, our vision extends beyond this initial phase. We are committed to expanding its reach and bringing its benefits to other states in the near future.”

Mr. Adedamola Adeyeye, Head of Business at Amo Byng Nig Ltd., underscored the comprehensive support provided to farmers: “Alongside providing essential inputs, we are dedicated to offering technical support and training throughout the production period to ensure farmers are well-equipped for success.”

Mrs. Oloruntoyosi Thomas, Kwara State Commissioner for Agriculture and Rural Development, showed appreciation to the company and reaffirmed the state government’s commitment to supporting the project and local farmers.

The event also saw the presence of key stakeholders including Mrs. Funke Sokoya, Permanent Secretary, Kwara State Ministry of Agriculture, Mr. Shuib Alawaye, Coordinator of Farmers Group, and Mr. Solomon Olawoyin, Kwara State Chairman of the Soybean Growers Association.

This partnership represents a significant advancement in agricultural collaboration and holds promise for revitalizing soybean production in Nigeria, paving the way for a more sustainable and cost-effective poultry feed industry.

 

TruetellsNigeria

Recent Posts

BO Foundation (BOFIM) Supports Girls with Disabilities with Sanitary Pads

  BO Foundation for Inclusive Media (BOFIM), the Non-governmental Organisation (NGO) arm of BONews Service…

43 mins ago

Polaris Bank Champions Financial Literacy for Students in Commemoration of World Savings Day 2024

Polaris Bank concluded its nationwide financial literacy initiative with an impactful session at the MD/CEO’s…

4 hours ago

Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024

Polaris Bank's commitment to digital innovation and excellence has once again been recognized, as the…

4 hours ago

Primetime Reporters Celebrates 10th Anniversary In Lagos December 4

  …Set to honour some deserving Nigerians Nigeria's leading online news platform, Primetime Reporters, will…

4 hours ago

FirstBank Hosts Inaugural China-Africa Interbank Association Forum

FirstBank, the premier West African financial institution and financial inclusion service provider has announced its…

7 hours ago

ZENITH BANK HOLDS FOURTH EDITION OF ANNUAL TECH FAIR IN LAGOS

The Fourth Edition of the Zenith Bank Tech Fair, tagged “Future Forward 4.0: Embedded Finance,…

7 hours ago