• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, December 3, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Agriculture

Poor credit facilities stifle seed companies

Seed

The Matters Press by The Matters Press
October 12, 2023
Reading Time: 2 mins read
0
Vulnerable Nigerian farmers to get $1m grant

Abuja, Oct. 12, 2023: The Seed Entrepreneurs Association of Nigeria (SEEDAN), on Wednesday decried the exclusion of its members in government funding to reposition seed companies in the country.

RELATED POSTS

Sow SARR Calls for Urgent Reform of West Africa’s Educational model

Changes and crises in West Africa: what if culture was the solution?

New measures will improve Nigeria’s security situation – TMV

SEEDAN President, Mr Yusuf Ado-Kibiya, who made the allegation at his maiden news conference after his election in Abuja, said that no fewer than 420 seed companies were affected.

According to him, inconsistent government policies and lack of access to credit facilities are stifling the growth and productivity of seed companies in the country.

He alleged that many government agencies in charge of contracting seed procurement gave it to their cronies and contractors who mopped up the grains in place of seeds in local markets, thereby starving the seed companies of patronage.

Ado-Kibiya said agriculture remained the backbone of every economy, while seeds remained the foundation of crop farming.

He called on government to pay attention to seed production, saying the average Nigerian seed gave a yield of 10 tons per hectare.

“Agriculture has been the backbone of every economy worldwide and seed is the most important factor in agricultural development.

“When you talk about development or economic growth worldwide, agriculture has been the foundation, but regrettably in Nigeria, we have been having problems of inconsistencies in government policies over the years.

“Seed has not been given the attention it deserves. Without good seeds, you cannot succeed; all other inputs are partners in the process of developing the plant.”

While acknowledging seeds as a big business, Ado-Kibiya urged the government to support research institutes as they formed the basis for producing quality seed for agriculture.

“Seed is not a small business; it includes a lot of works along the chain of production, and there are a lot of activities, commitment and job opportunities.

“The research institutes in Nigeria are not supported, government should do something because research is the fundamental base where you produce success especially in agriculture, so government should support research and seed companies.

“We are over 420 seed companies in Nigeria and we are on our own, there were policies that really helped in the previous years and these policies are no longer possible because they were not sustained by successive governments.”

He, however, called for policy frameworks to support the seed companies, especially in the areas of funding and patronage especially from government agencies.

“Seed companies are not really supported in terms of policies to ease access to fund, funding is critical but financial institutions do not even understand what agriculture is.

“So, government should come up with policies that will ease access to funds for seed companies, extension services has collapsed, farmers are on their own with knowledge.

“Farmers are not being educated to buy seeds from competent companies, companies will produce seeds, there is no market to sell.

“They end up selling the seeds as grains because the government agencies don’t patronise seed companies”, the SEEDAN President added.

Tags: Seed
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Sow SARR Calls for Urgent Reform of West Africa’s Educational model
Economy/Technology

Sow SARR Calls for Urgent Reform of West Africa’s Educational model

December 3, 2025
Changes and crises in West Africa: what if culture was the solution?
Foreign

Changes and crises in West Africa: what if culture was the solution?

December 3, 2025
Reduction in security breaches by 65%, an unprecedented feat in 13 Years
Energy

New measures will improve Nigeria’s security situation – TMV

December 2, 2025
Culture is the Foundation of Our Unity and Sovereignty, Says Prime Minister Ousmane SONKO
Features

Culture is the Foundation of Our Unity and Sovereignty, Says Prime Minister Ousmane SONKO

December 1, 2025
ECOFEST: West African Culture, Driving Regional Dialogue
Economy/Technology

ECOFEST: West African Culture, Driving Regional Dialogue

December 1, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Tinubu’s emergency pronouncement, continuation of efforts to review security architecture – TMSG

November 29, 2025
Next Post
Nigeria, Equatorial Guinea in talks to boost gas production

Association calls for PIA review to address gas sector challenges

NLNG seeks partnership with NMDPRA to boost domestic gas market

NLNG seeks more investments on gas production – Mshelbila

Recommended Stories

Investment in refinery driven by innovation — Dangote

Dangote plans for Nigeria’s self-sufficiency in cement, petroleum

March 30, 2023
Nigeria gets AfDB’s $14m as member of ATI

AfDB’s infrastructure projects in West Africa cost $11.5bn

June 26, 2022
Berger Paints embarks on four-day work week

Berger Paints announces resignation of Company Secretary, Ayoko

January 9, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Sow SARR Calls for Urgent Reform of West Africa’s Educational model
  • Changes and crises in West Africa: what if culture was the solution?
  • New measures will improve Nigeria’s security situation – TMV

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

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
Call Us