Nov. 26, 2018
Federal Government through the National Agricultural Biotechnology Development Agency (NABDA) has signed a Memorandum of Understanding (MoU) with Biocrops Biotechnology Company for the production of biofertilizers, biopesticides and Nigerian developed cum manufactured biotechnology.
The collaboration said to be an Economic Recovery and Growth Plan ( ERGP) empowered Public Private Partnership (BPP), has already attracted an initial N3.2 billion funding.
Signing the partnership documents in Abuja, the Permanent Secretary, Federal Ministry of Science and Technology, Mr. Bitrus Nabasu, stated that full implementation of the project will create up to 10,000 jobs, while ending the capital flight on importation of agro-chemicals.
He noted that the company was sought out to help in developing a home-made agriculture and biotechnology products, that will further the development of agricultural value chain in the country.
He said, “Biotechnology is a valuable tool for addressing the several challenges of Nigeria in terms of food production, genetic improvement of living systems as well as improved health management, environmental sustainability and industrial growth”.
“This MoU will ultimately lead to immediate production of Nigerian developed and manufactured biotechnology products, such as biofertilizers, biopesticides, technology seeds and elite seedlings, including elite yam varieties promoted by IITA and YIISWA programme which are grown in the air”, he said.
Also speaking, NABDA Acting Director General, Alex Akpa said that the partnership with Biocrops was based on the need to improve production of high quality seedlings, scaled production of bio pesticides and bio fertilizers.
Akpa further said that Biocrops having proven its capability in the field of agriculture biotechnology, would bring its wealth of experience to bear on the development of home-made biotechnology.