Nosak Group Participates at the Edo Food and Agric Fair


Nosak Group, makers of Nosak Famili Vegetable Oil and Nosak Famili Pure Palm Oil has continued to show commitments in promoting homemade food products at the on-going maiden edition of Edo Food and Agric Trade Fair, which started on Monday, December 10, 2018.

In his remarks on the theme during the opening ceremony, ‘Inclusive Agric Value Chain Development and Funding: Workable Models and Institutional Bottleneck’, the Executive Governor of Edo State, His Excellency, Godwin Obaseki said Nigeria spends over N20 Billion on food importation annually on products that can be grown locally in Nigeria. “We need to have financial inclusion so that our method of farming will change from producing small units to producing in large scale to cater for the growing population, which is a huge market for us”.

On the agricultural value chain, the Governor disclosed that local farmers should be well educated on the various stages of the chain and the opportunities that abound to improve and grow agricultural practice in the state.  “They need to understand and know how to access funds for agriculture in order to go into full scale mechanised system to increase yield of food crops”, he said.

Governor Obaseki added that it is the responsibility of government at all levels to make the people rich. “Our emphasis in Edo State is to talk less and look for honest and direct means to empower the people and make them rich”.

In his paper presentation on the topic, ‘Growing Edo State Economy and Agric Value Chain Using the Bottom-Up Model of Development’, the Chief Operating Officer, Nosak Group, Thomas Oloriegbe said that in reflecting the Agric value chain, there should be optimum closure of the infrastructural gap such as access roads, electricity, water supply, amongst others.

Oloriegbe added that, “Farmers should be educated on the ways they can grow their businesses by embracing the financial opportunities through the various Agric intervention funds provided by the Central Bank of Nigerian (CBN) and the Bank of Industry (BOI) as well as organised Cooperative Societies”.  Accessing these funds will further improve the value chain and encourage more participation of the local farmers (youths and women) into agricultural practice in large scale, he explained.

Using the Nosak Group Example, he said through Saturn Farms Limited; a plantation of 1,053 hectares with 3 tons milling capacity of palm oil and Nosak Farm Produce Limited; a refining/processing plant with 200 tons refining capacity, the Group is improving the value chain by putting to use the bottom-up model to enhance productivity and inclusiveness in agricultural practice. He added, “Nosak Group has also negotiated with three communities for land leases and crop compensation at mutually agreed terms. They are: Obagie Community – 10,000 hectares, Igieduma Community – 7,000 hectares and Evbueghae in Orhionmwon local government – 5,000 hectares. This is further evidence that Nosak Group will continue to invest in the Agric sector for the benefit of the Nigerian people.”

The fair is to showcase foods produced in the Edo State and also sell same to Edo people at lower prices to enable them shop effectively for the yuletide season. It is also a convergence for farmers and agro-allied industries to meet and exchange ideas on the best practices to grow the agricultural sector of the state.