Agric potential not sufficient with out working establishments — DAPCO CEO

…Signs MoU integrainium

The Chairman and Chief Executive Officer of DAPCO, Mr Aliyu Abbati Abdulhameed, has mentioned that Nigeria’s agricultural transformation requires establishments able to translating potential into safe, disciplined and commercially viable exercise.

This was disclosed in an announcement issued by DAPCO Wednesday, following the current signing of a Master Memorandum of Understanding (MMOU) between DAPCO and Integrainium Holdings Limited, the holding and funding car of the Ministry of Finance Incorporated (MOFI) for the Integrainium Agricultural Initiative.

The MMOU, signed at Defence Holdings’ headquarters in Abuja, establishes a framework for collaboration on commercially viable agricultural and agribusiness initiatives in Nigeria.

According to the assertion, the collaboration is meant to advance the Defence Rapid Agricultural Programme for Sustainable Food Security, Social Security, and National Security (DRAP-SEC). It brings collectively DAPCO’s agricultural venture growth, operational and safety capabilities with Integrainium’s funding oversight, business coordination, and entry to its agricultural value-chain platform.

The framework locations productive agriculture on the intersection of meals safety, financial inclusion, and nationwide stability. It seeks to create sustainable livelihoods, strengthen rural economies, and assist communities susceptible to insecurity whereas increasing productive alternatives for serving navy personnel and veterans.

Speaking on the ceremony, Abdulhameed mentioned the collaboration was designed to ascertain the institutional framework wanted to unlock Nigeria’s agricultural potential at scale.

“What this collaboration is specifically designed to address is the institutional architecture to unlock that agricultural potential at scale, with security, with discipline, and with commercial viability at the centre of every decision,” he mentioned.

At the signing ceremony, the MMOU identifies an preliminary pipeline of six proposed initiatives for additional evaluation, structuring, and doable implementation:

The initiatives are Nano-fertiliser distribution, which centre on exploring potential distributorship rights for Integrainium’s nano-fertiliser merchandise for DAPCO, alongside warehousing, gross sales, distribution logistics, farmer coaching and extension assist.

There are additionally BARC Farms in Jos, Giri Agro-Processing, and Supply Chain Security Project, the place exploring an agro-processing and aggregation facility supported by warehousing, logistics coordination and supply-chain safety.

Others are ASTC-DAPCO Greenhouse, Namtari Integrated Crop, DAPCO Integrated Agricultural Risk Management System (DRMS)

Under the framework, DAPCO is anticipated to contribute agricultural venture growth and supply assist, operational constructions, safety structure, web site safety, and entry facilitation, as relevant to every permitted venture.

On the opposite hand, MOFI’s Integrainium Holdings will present strategic coordination, funding oversight, and group-level facilitation, together with the participation of related Integrainium subsidiaries consistent with their respective mandates.

The collaboration goals to strengthen home worth addition, enhance market connections, and broaden income-generating alternatives inside agricultural communities.

In his remarks, Abdulhameed emphasised that neighborhood participation can be commercially structured slightly than charity-based.

“Our ecosystem is designed to bring these individuals into structured, income-generating economic activity,” he added.

He additionally acknowledged the Office of the Chief of Defence Staff, Defence Holdings Company Limited, and MOFI for his or her institutional assist for DAPCO and the collaboration, in line with the assertion.

The MMOU offers for a Joint Steering Committee comprising representatives of DAPCO, Integrainium Holdings, and related specialists to coordinate implementation, overview milestones, and tackle operational bottleneck It establishes an preliminary 10-year framework for cooperation.

Each proposed venture stays topic to feasibility and business evaluations, safety assessments, relevant environmental and social assessments, due diligence, approvals, and the execution of a separate project-specific settlement.