ruE GUARJjIAN, Mond~yJune 6.,Iol1
. BUS!NESS 117
stakeholders seek trust fund for agric research From Joke Akanmu, Ab uja
TN line with global best prac!tices, stakeh o lders in the agricultural sector have called on the government to establish a trust fu nd fo r the sustai nable fu nding of agricultural research, developme nt and extensio n activities. They m entioned that li ke what is obtai ned in other
countries, users of resea rch find ing should be made to fund research in agricu lture, add ing that research fund allocation shoul d be differentiated from the capital a nd recurrent expenditures in all agricultura l resea rch institutes.
This was contained in a communique prese nted at the end of a Sym posium tagged: "Making Agricultura l research work for the users, the stakeholders also dema nded that budgeting by the d ifferent levels of government in the agricultu ral sector should reflect cost effectiveness and poverty reduction potentials oT d ifferent agricultural commodities. The communique a lso observed that capacity building in agricul tural research and com m unication sho ul d be h inged o n three elem en ts of Imowledge, resources and people a nd that evidence -based policy and d issemination woul d be ach ieved
through sustainable fu nd i)1g, . avaiiabilitYof the right people and knowledge. President of the Nigerian Agri cultural Policy Resea rch Netwo rk (NAPRNet), Prof. Eri c Eboh, in his keynote add ress, canvassed for tra nsformation of agricultural research outputs into useful fo rm, addi ng that this wou ld help li nk agricu ltura l resea rch to policy makers. Stressing the need for more proactive research resu lts ven¡ dor, Eboh stated that the proposed natio nal agricultu ra l research results vendor would con nect systematically with prod ucers and users of research.
Government to checkmate unbriddled fish importation By Helen Oji
'T1iE Federal Ministry of water 1 Resources has approved fish craft model initiated to curb excessive importation of fish in the coThunlI)< . I . .h e Innovative F oanng FIS Cage system introduced by Vitapur Nigeria Li m ited for fish farming also called Fish Craft has the capacity to produce 16 tonnes of catfish per ann um at a feed conversion of 60 percent. Speaking at the inaugu ral Fish Harvest Ceremony in Lagos recently, the Nigerian Ambassador to Sweden, God lmows Igali said the technology has the potential to cha nge the fortun es of the country from fish importi ng nation to an exporter of fish. He noted that since tile country has abundant water resources, with fish craft tech-
nology that has a capacity to prod uce 16 tonnes of catfish per an nu m at a feed conversion of 60 per cent, that the coun try coul d satisfy its domestic fish demand "if only all em braces the technology". He noted that the cost ofnsh im portation is on the hiJ:lh side, add ing that it has continued to aggravate the , prevailing unem ployment crisis in the country. He lauded the Federal Ministry of Agric ultu re, Depa rtm ent of Fisheries fo r bri nging the technologys prototype to reali ty, w hUe urging commercial fish fa rmers to leverage 0 11 t he product and aVai lability water resources in Nigeria to boost fish prod uction in the nation, The Managi ng Director and Chief Executive, Talon Nigeria Limited, Mr. Lanre Talabi, said
the country spends about US $i billio n yearly on importation of fis h which translates to about N157 billion, He explai ned that the country can earn fo reig n exchange fro m fis h exportation if tile populace would em brace the
busmess.
.
He said that the country has sufficient water resources well enough for the project, adding that the technology has been tested at vario us water locatio ns in the coun try by m e Federal Ministry of Water
Resources. The Managi ngDirector ofVita Pur Nigeria Limited, Mr, Oluwo le Adisa, said that with the technology there would be no need to im port fish in the next three years if everybody em braces it a nd util ise the water resources across the country.
Gross Premium Net Premium Ea rned Investment and other Income Profit before taxation
(50.3)
Information Technology Development Levy
(~J..3)
Taxation
(5~_3)
Profit after taxation
(5~.3)
I
The Board of Directors is confident that barring unforeseen circumstances, the trend of profitability of the Company would be improved during the remaining quarters of the financial year.
BY ORDER OF THE BOARD LEN NAP SERVICES LIMITED (Company Secretaries) LAGOS - NIGERIA.
,; 0
Dated this 19th day of May, 2011
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