The highly anticipated Dangote tomato paste factory, located in Kano, northern Nigeria, has commenced operations in an attempt to curb the import of tomato pastes into the Nigerian market.
The $20 million facility, which is the size of 10 football pitches set within 17,000 hectares of irrigated fields, will directly employ 120 people. It is also expected to produce about 430,000 tons of tomato pastes annually, which is a significant ingredient in most local Nigerian dishes such as Jollof rice, stew and many soups.
This plant will help save tons of tomatoes from rotting away in the Nigerian market. According to the country’s Ministry of Agriculture, Nigeria produces about 1.5 million tons of tomatoes a year, but over 900,000 tons is lost to rot. This is obviously a huge sigh of relief for farmers in Northern Nigeria where this crop is grown the most. However, the Dangote Group, owned by Africa’s richest man, has said that the company will buy tomatoes from farmers who grow this crop in large quantities. This is because the factory requires a huge supply of tomatoes to be functional.
Still, the start of Dangote’s tomato paste factory raises several questions like whether commencing operations will beat imported pastes out of the market or if Dangote will be able to slash the cost of his tomatoes looking at how he slashed the price of cement across Nigeria?
Quick facts about the tomatoes industry in Nigeria
Nigeria is the 14th largest producer of tomatoes in the world.It is the largest producer of tomatoes in sub-Saharan AfricaIt is the eighth largest importer of tomato paste in the world after Iraq and Japan.The country has a significant demand for processed tomatoes but almost half of the tomato pastes found in its markets have been imported from China and Italy.Last year, the Director General and CEO of the Raw Material and Research and Development Council (RMRDC), Dr. Hussaini Ibrahim, revealed that Nigeria spends about $1.5 billion annually on tomato product-importation from China and other parts of the world.Erisco tomato paste known as Nagiko is the first tomato paste to be made in Nigeria.
Updated news on 25/05/2016 : 'Tomato' is wanted !!
In Nigeria, officials declare a state of emergency to indicate they are taking drastic action to deal with a problem, the BBC's Muhammad Kabir Muhammad says.
In this case the state sent government agricultural officials to Kenya to meet experts on the Tomato Leaf Miner to learn how to deal with the pest.
Kaduna is in the north of the country, where according to the UN most tomato production takes place,
A tomato paste manufacturing business in northern Kano state owned by Africa's richest man, Aliko Dangote, suspended production earlier in the month due to the lack of tomatoes, reports Forbes.
Culled from BBC
Updated news on 25/05/2016 : 'Tomato' is wanted !!
In Nigeria, officials declare a state of emergency to indicate they are taking drastic action to deal with a problem, the BBC's Muhammad Kabir Muhammad says.
In this case the state sent government agricultural officials to Kenya to meet experts on the Tomato Leaf Miner to learn how to deal with the pest.
Kaduna is in the north of the country, where according to the UN most tomato production takes place,
A tomato paste manufacturing business in northern Kano state owned by Africa's richest man, Aliko Dangote, suspended production earlier in the month due to the lack of tomatoes, reports Forbes.
Culled from BBC
ReplyDeleteHello,
If you want to start making money on tomato farming business, you can use this website company to generate steady money incomes of over $500 daily to backup your tomato farming business online.
You can start making incomes profits of $100, $500, $1000 from virta stock trading http://www.virtatrade.com/index.php. to backup your tomato farming business without you risking your money online and it is 100% profits making guarantee.
BELOW IS HOW THE MONEY MAKING FROM VIRTA STOCK TRADING WORK:
You buy your virta stock from this modern company platform at virta stock current market price and You will receive the next sales price you will use to sell your virta stock when the virta stock market price have risen up to meetup with your selling price in your trading account.
Once the virta stock market price have rise up to meetup with your selling sales price in your trading account, you will sell your virta stock at the market price and make your instant profit.
No RISK TRADING.
You can withdraw your profit daily from a minimum of $1 and above.
THE BUYING AND THE SELLING OF A VIRTA STOCK IS 100% PROFIT MAKING GUARANTEE
NO RISK
Virta stock trading does not involve risk trading where traders need to trade with either to loss or gain.
All you do is to sell your virta stock and make your instant profits.
I make my every day profits incomes of $100 from the buying and the selling of virta stock as my extra source of incomes to my bitcoin wallet every day.
I recommend this trading platform for you as your alternative source of incomes making.
Visit and register with the company website here http://www.virtatrade.com/index.php and test their platform with just $1 and see how it work great for profits incomes making online.