- Investment: Oyo State secures $170 million for agribusiness.
- Hub: Fashola Agribusiness Hub is at the center of this development.
- Farmers: Over 8,000 smallholder farmers integrated into agribusiness operations.
- Produce: Focus on cassava, cashew, and dairy production.
- Support: Government providing seedlings, inputs, and microloans to farmers.
Oyo’s Agribusiness Boom: What’s the Buzz?
Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, revealed the exciting news at a recent press briefing. He emphasized the impact of the government’s strategic investments in farm estates, particularly the Fashola Agribusiness Hub. This hub is now a hotspot for major processing companies and agricultural innovation.
Fashola Agribusiness Hub: A Game-Changer
Think of the Fashola Agribusiness Hub as a one-stop shop for all things agriculture. It’s not just about growing crops; it’s about processing them right there on-site! Here’s a quick look at what’s happening:
- Cassava Processing: A company is now processing tons of cassava into cassava sugar.
- Cashew Processing: The hub can process massive quantities of cashews.
- Dairy Farming: Cattle are being reared specifically for milk production.
Empowering Smallholder Farmers
The Oyo State Government isn’t just attracting big companies; they’re also focusing on empowering the local farmers. Over 8,000 smallholder farmers have been integrated into these agribusiness operations, ensuring that they benefit directly from these investments. This is a huge step towards creating sustainable agricultural practices and boosting the local economy.
Government Support: More Than Just Money
The government’s support extends beyond attracting investments. They’re actively providing resources to farmers, including:
- Seedlings: Supported over 10,210 farmers with seedlings and inputs.
- Cassava Stems: Distributed high-yield cassava stems to 1,269 farmers.
- Equipment: Provided knapsack sprayers, herbicides, and pesticides.
- Livestock Support: Supported livestock and aquaculture farmers with feed and inputs.
- Microloans: Provided microloans ranging from N50,000 to N800,000 to 3,501 smallholder farmers.
Infrastructure Boost
To further support agricultural activities, the government has constructed 87.53 kilometers of rural roads across multiple local governments. This ensures that agricultural communities are well-connected, making it easier to transport goods and access markets.
Historical Significance
It’s worth noting that the Fashola Agribusiness Hub was initially established by Chief Obafemi Awolowo, a former Premier of the Western Region. Governor Seyi Makinde’s administration has taken it upon themselves to upgrade this hub, ensuring food security in Oyo State.
What’s Next?
With these significant investments and ongoing support, Oyo State is poised to become a leading agricultural hub in Nigeria. The focus on processing, farmer empowerment, and infrastructure development sets a strong foundation for sustainable growth and food security.