Monday, June 2, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

BIPC Rolls-Out Modalities to Off-take Agro Commodities From Benue Farmers

EconomyFoot Print by EconomyFoot Print
November 12, 2024
in Finance | Insurance | Pension, Top News
Reading Time: 3 mins read
0
Share on FacebookShare on Twitter

..Plans dedicated grain hubs across the state

By Chris Agabi

Related posts

Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home

Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home

June 1, 2025
OPFY: Our Non-Kinetic Operations Secured Release Of Over 100 Kidnapped Victims – General Opurum

OPFY: Our Non-Kinetic Operations Secured Release Of Over 100 Kidnapped Victims – General Opurum

May 31, 2025

In a deft move to address post harvest loses, enhance food security and improve the economic conditions of farmers in Benue State, the Benue Investment and Property Company (BIPC) is set to off-take goods produced by Benue farmers across the state.


The Managing Director of BIPC, Dr. Raymond Asemakaha disclosed this in Makurdi during a meeting on Tuesday with key stakeholders in the agricultural sector, including the Benue Traders Association and the Benue Farmers and Traders Protection and Development Association.
Dr. Asemakaha emphasized the urgency of this initiative, noting that despite Benue being recognized as the “food basket of the nation,” food prices remain higher than in many neighbouring states.
He highlighted the concern of external buyers depleting local agro commodities, which not only affects cash retention within the state but also diminishes the value farmers receive for their produce.
“With the support of local traders, BIPC aims to position the state as a grain hub, facilitating the aggregation and sale of agricultural products to external buyers. We should be able to mop up this produce and sell it directly to traders from outside the state,” Asemakaha stated.


“The BIPC is to establish dedicated grain hubs where off-takers can purchase directly, ensuring farmers receive value for their money. This initiative will enforce standardized measurements and prompt payments upon delivery.” He added.
Dr. Asemakaha further stated that the introduced Warehouse Receipt System will ensure that these services are accessible throughout the state, guaranteeing that farmers receive fair value for their produce. “This will protect our farmers to have value for their money. We want farmers to know how much a unit costs for their produce.” He emphasized.


The initiative aims to mitigate the risks farmers face in not receiving adequate compensation for their goods. BIPC also plans to utilize Benue Sacs for agro commodities, allowing for the tracking and management of farm produce.
The President of the Benue Traders Association, Iormua Michael, praised Dr. Asemakaha’s leadership initiatives and expressed commitment to supporting BIPC in achieving its objectives.
Other speakers, including Manasseh Torsue, President of the Benue Farmers and Traders Protection and Development Association, raised critical issues affecting market operations in Benue State. They cited a lack of government involvement, inadequate market regulations, the absence of standard measurement scales, the promotion of customized sacks, high tax levies from unofficial sources, and numerous police checkpoints as significant barriers to market efficiency.
Builder Lucy Jato, General Manager of Real Estate and Infrastructure, expressed gratitude to the members of the Benue Traders Association for their support and encouraged them to embrace the project wholeheartedly.
She emphasized that this initiative aligns with the transformation agenda of His Excellency, Rev. Fr. Dr. Hyacinth Iormem Alia, the Executive Governor of Benue State, aimed at enhancing the livelihoods of ordinary farmers and boosting the state’s economy.
As this initiative takes shape, stakeholders remain optimistic that it will create a more favourable environment for agricultural trade, benefiting both farmers and the broader community in Benue State. According to a 2024 report by the Food and Agriculture Organization, 33.1 million people are projected to face food insecurity by 2025; hence, BIPC is set to be the hub of agro commodities in the state .

Previous Post

43 Illegal Bunkering Hubs Dismantled, As Troops Recover 260,000 Litres Of Stolen Crude In Niger Delta

Next Post

Troops Nab Suspected Kidnappers, Recover 14 Motorcycles, Others

Next Post

Troops Nab Suspected Kidnappers, Recover 14 Motorcycles, Others

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Revenue Loses in Aviation: FG Moves to End Illegal Private Charter Operations

11 months ago
Who Will Liberate Air Travelers From the Grip of Nigerian Airline Operators?

Who Will Liberate Air Travelers From the Grip of Nigerian Airline Operators?

2 years ago
CBN Posts ₦165bn Surplus in 2024 Financial Year

US Dollar Inflows to Nigeria’s FX Market Climbs by 53%

4 months ago

FOREX: CBN Implements Electronic Foreign Exchange Matching System

8 months ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home
  • Operation Whirlwind Strikes Smugglers, Auctions Seized PMS at Subsidised Rate
  • How Support From Military High Command Help Troops To Tackle Lakurawa, bandits – Col Umar

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home

Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home

June 1, 2025
Operation Whirlwind Strikes Smugglers, Auctions Seized PMS at Subsidised Rate

Operation Whirlwind Strikes Smugglers, Auctions Seized PMS at Subsidised Rate

June 1, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion