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BATN Foundation Awards N6 Million Grants to Youth Agripreneurs

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The BATN Foundation has awarded grants of N1.5 million each to four Graduate Agripreneurs from the Federal University of Agriculture, Abeokuta (FUNAAB), totaling N6 million. The awards were presented during the culmination of Phase III of the FUNAAB-BATN Foundation Graduate Agripreneurs Programme, held on May 23, 2024, at the College of Agricultural Management and Rural Development (COLAMRUD).

 

Program Overview

The Graduate Agripreneur Program aims to empower young minds by engaging post-graduate and undergraduate students in agriculture. This initiative provides access to grants, skills development, and mentorship, equipping participants with the knowledge and drive to succeed. The program seeks to drive innovation, sustainability, and food security in Nigeria by fostering a new generation of skilled and passionate agricultural leaders.

Selection Process and Winners

After a rigorous selection process, nine applicants with the most compelling documentation and business plans were shortlisted. Four outstanding Agripreneurs were ultimately awarded the grants:

– Miss Oluwafunmilayo Adegboyega – Broiler Production

– Mr. Oluwaseun Akosile – Broiler Production

– Mr. Johnson Fashina – Catfish Farming

– Mr. Oluwayomi Olajide – Catfish Farming

Other notable participants included Akeem Adeyemi, Moses Abayomi, Akinola Usman, and Bolaji Ololade.

Event Highlights

At the event, Deputy Vice-Chancellor (Development) Prof. Kola Adebayo, representing Vice-Chancellor Prof. Babatunde Kehinde, praised the competitive nature of the selection process and highlighted BATN Foundation’s unwavering support. Prof. Kehinde emphasized the meticulous evaluation based on entrepreneurial skills, innovation, business relevance, financial projections, and presentation skills.

Oludare Odusanya, General Manager of BATN Foundation, outlined the criteria for evaluation, which included the Agripreneurs’ capacity, evidence of entrepreneurial skills, and the uniqueness and logic of their business plans. He expressed pride in supporting these promising Agripreneurs and highlighted their potential contribution to the agricultural sector and the broader economy.

Miss Aderanti Oni, a recipient of the Phase II grant for Broiler Production, shared her inspiring success story, attributing her passion for a healthy nation to her dedication to agriculture. She has completed three production cycles since receiving the grant.

 

Distinguished Panel of Judges

The panel of judges included distinguished university and BATN Foundation officials:

– Mr. Adewusi Agbotoba, representative of the Acting Registrar and the Council Affairs Officer

– Mrs. Comfort Dasaolu, representative of the Acting Bursar

– Prof. Emmanuel Fakoya, Dean, COLAMRUD

– Prof. Jonathan Atungwu, Dean, College of Plant Science and Crop Production (COLPLANT)

– Dr. Akeem Makinde, Deputy Dean, College of Environmental Resources Management (COLERM)

– Prof. Petra Abdulsalam-Saghir, Head of Department, Agricultural Extension and Rural Development (AERD)

– Dr. Azeez Yusuf, Coordinator of the FUNAAB-BATN Foundation project

– Mrs. Folasade Giwa, Principal Assistant Registrar, DVCD’s Office

Future Outlook

Looking ahead, the BATN Foundation remains committed to expanding its reach and impact through strategic partnerships and collaborations with educational institutions, industry stakeholders, and the government. By scaling up its initiatives, the Foundation aims to create more opportunities for young agripreneurs across Nigeria, fostering a culture of entrepreneurship and sustainable development.

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3 days after resumption, Port-Harcourt refinery ‘suspends’ operations

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3 days after resumption, Port-Harcourt refinery ‘suspends’ operations
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3 days after resumption, Port-Harcourt refinery ‘suspends’ operations

Barely three days after the much-publicized reopening of the Port Harcourt Refinery, operations appear to have been suspended.

According to Ekwutosblog, workers and residents near the refinery revealed that there was no activity, neither was loading taking place at the facility’s bays.

Although the Nigeria National Petroleum Company Limited (NNPCL) launched the new plant earlier this week, claiming that hundreds of trucks were loading daily, sources revealed that the trucks carried leftover products from storage, not newly refined fuel.

Investigations also revealed that the refinery is undergoing calibration, which will delay operations until the process is complete.

Workers on-site disclosed that the existing products—referred to as “dead stock”—require separation and cleaning before new supplies can be processed.

During a visit, the facility appeared deserted, with idle trucks and inactive machinery.

Sources also disclosed that calibration will continue into next week before major operations, including kerosene and diesel loading, can resume.

When asked about the lack of loading activity, a worker in overalls said, “They are de-watering, removing the water under the PMS. Maybe there will be loading after that, but we don’t know what time today.”

Another one said: “They are calibrating the meters,”

A major source spoke, “Before the refinery was shut down between 2015/2016, we had dead stock left in the tank, including some Premium Motor Spirit (petrol) DPK (kerosene), and Automated Gas Oil (diesel).

“So, these products were in large quantities in stores in those tanks. During the rehabilitation of the Port Harcourt Refinery, Old Area 5, those products were evacuated from the tanks for storage.

“But for DPK, it is in large quantity but they have not pushed it from the tank where it was kept after refined ready for commercial purposes.

“So, the product that was loaded was dead stock, that is the old product that was in the system. So, after these dead stocks, they will have to clean the tank, remove all the debris before pumping the new project into that tank, and redye it.

“But what they are trying to do at the Port Harcourt Refinery is manual, which cannot match the new digital pumps. Most of the pumps used for the event were refurbished.”

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Tinubu, Macron Witness UBA’s Expansion to Paris and Zenith Bank’s Inauguration in France

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Tinubu, Macron Witness UBA’s Expansion to Paris and Zenith Bank’s Inauguration in France
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President Bola Tinubu and French President Emmanuel Macron signed two agreements on Thursday in Paris, France, that will ensure a partnership on the development of critical infrastructure and the long-term sustenance of agriculture and food security.

Earlier, President Tinubu and President Macron witnessed the signing of the agreement by the United Bank for Africa (UBA) Group Chairman Tony Elumelu and Mr. Antoine Armand, the French Minister of Economy, Finance and Industry for the bank to commence operations in Paris.

Zenith Bank also inaugurated its services in the country during the visit.

The partnership agreements were signed at an economic forum attended by businessmen, captains of industry, governors, and some top government officials of both countries at the Palais des Elysée in Paris, France, during President Tinubu’s state visit.

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and Mr. Armand signed the Letter of Intent.

The Minister of Finance, Edun, and Chief Executive Officer of the French Development Agency (AFD), Mr. Remi Rioux, signed another Letter of Intent to support the Renewed Hope Agenda reforms designed to stimulate and strengthen the economy.

The Declaration”, the document states, “ set out the enduring relationship between the AFD and the FRN, and the AFD’s continuing commitment to support the socio-economic growth of Nigeria through financing sustainable projects in urban infrastructure development, transportation network, housing infrastructure, human capital development through improved education specifically in STEM, agriculture, food security and healthcare.

The AFD however reaffirmed its commitment to long-term support of the Renewed Hope Agenda of Mr President on energy access and transition, sustainable agriculture and food security by financing the improvement of agro-logistic hubs. Importantly, the the AFD committed to supporting the real sector by providing capital from MSME in high-impact sectors.

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Oil Business Not Like Selling Cement, Sugar – Fani-Kayode Tackles Dangote

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Oil Business Not Like Selling Cement, Sugar – Fani-Kayode Tackles Dangote
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The former Nigerian Minister of Tourism, Femi Fani-Kayode, has tackled critics of the Nigerian National Petroleum Company Limited upon the recent revival of Port Harcourt Refinery.

This comes as he alleged that some elements within the private sector in the oil and gas industry want to undermine and understate the revitalisation of the Port Harcourt Refinery.

Fani-Kayode made this known in a statement on his official X handle on Thursday, noting that the oil business is not the same thing as selling sugar, spaghetti, and cement, tackling Aliko Dangote, president of Dangote Refinery.

His comments come amid claims against the viability of Port Harcourt Refinery after NNPCL announced that the plant has begun trucking out petroleum products on Tuesday.

Recall that Timothy Mgbere, Secretary of the Alesa community stakeholders, in an interview on Arise Television on Thursday alleged that Port Harcourt Refinery trucked sold out old stock, not freshly refined petroleum products.

However, Fani-Kayode fingered some elements in the private sector of the industry as responsible for the campaign of calumny to discredit the Group Managing Director of NNPCL, Mele Kyari, and President Bola Ahmed Tinubu over the commencement of Port Harcourt Refinery after years of being in comatose.

He stressed that the Port Harcourt Refinery is a great victory for Nigeria.

According to him, what Nigerians need is for NNPCL refineries to flourish, and the same for Dangote Refinery and others.

He said, “The resurrection of the PH refinery is one of the most encouraging things that has happened in the petroleum sector for many years, and the credit for this must go to the President and the GMD of NNPC.

“It is a pity that some elements in the private sector who are new in the field are doing all they can to undermine and understate this great victory for Nigeria.

“The oil business is not the same as selling sugar, spaghetti, cement, or rice, and no matter how hard you try, you cannot muscle your way and create a monopoly on the sale of refined products as you did for other commodities over the years.”.

He added: “NNPC will go from strength to strength, and once its other refineries are working as well, Nigerians will have cause to smile again. Let the new kid on the block flourish, but let the NNPC refineries flourish too. That should be our goal and not a squalid attempt to discredit NNPC and its leadership.

“Every optimistic and true lover of Nigeria’s progress and President Tinubu’s renewed hope agenda must be proud of the GMD Mele Kyari. His tenacity, bravery, ingenuity, and forthrightness have been rewarded with this great feat. Surely this is hope renewed for Nigerians.”.

Ekwutosblog recalls that on Tuesday the NNPCL announced the commencement of petroleum product production at the Port Harcourt Refinery.

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