Business A.M
No Result
View All Result
Sunday, February 22, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Agriculture

Dangote in partnership with CBN to boost local tomato production

by Admin
January 21, 2026
in Agriculture, Commodities

Onome Amuge

Dangote Tomato Processing Company is in collaboration with the Central Bank of Nigeria (CBN) to provide tomato farmers with high yield seeds that are hoped to produce at least 40 tonnes per hectare.

Abdulkarim Kaita, the managing director of Nigeria’s biggest indigenous tomato plant, made the disclosure during the commencement of tomato seedlings distribution to 5,000 farmers under the Central Bank of Nigeria (CBN) backed Anchor Borrowers Programme at Kadawa, Kura Local Government Area of Kano State.

Kaita appealed to the Nigerian government to place a ban on importation of tomato paste into the country the same way it was applied to rice.

He expressed optimism that the ban will encourage development of more tomato processing plants which will pave the way for more job creation and economic sustenance.

Kaita bemoaned the thriving importation of tomato pastes from Cameroun and Benin Republic and disclosed that despite holding talks with the controller-general of the Nigeria Customs Service over the issue, nothing has been done to curb the illicit practice.

According to him, it is only by placing a total ban on tomato importation that the government can encourage farmers to grow the commodity for the country to be self-sufficient. He added that there are 12 major tomato producing states in the country which if fully cultivated, in the next one year will enable the export of the commodity.

A report by the United Nations Environmental Programme states that Nigeria spends around $1 billion annually importing tomato paste while 75 per cent of locally produced tomatoes are wasted due to storage constraints.

Admin
Admin
Previous Post

IMF says sub-Saharan Africa’s policymakers face difficult road to economic recovery

Next Post

Africa’s WTO Moment

Next Post

Africa’s WTO Moment

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Unilever Nigeria expands social investment with Ogun school upgrade

Unilever Nigeria expands social investment with Ogun school upgrade

February 22, 2026
Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Unilever Nigeria expands social investment with Ogun school upgrade

Unilever Nigeria expands social investment with Ogun school upgrade

February 22, 2026
Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M