Business

FG Commissions N10bn Prism Foods Onion Storage Facility in Kano

This initiative aligns with President Tinubu’s agenda to curb post-harvest losses, potentially increasing farmers’ income and creating more job opportunities for youths,” the minister said.

Published

2 years ago

April 15, 2025

OCHEFA

820 Views

The Federal Government has launched Prism Foods Limited N10 billion state-of-the-art onion storage facility in Kano State.

The Minister of State for Industry and Investment, Sen. John Owan Enoh, commissioned the 10,000-tonne storage capacity, on Monday at Gadar Tamburawa in Dawakin Kudu Local Government Area of the state.

He said that the federal government would provide all the needed support for initiating modern innovation to address post-harvest losses among farmers across the country, especially in the northern part.

“By providing a reliable storage solution for onions and other perishable commodities, the facility will play a vital role in effective service delivery, supporting the nation’s agricultural development.

“This initiative aligns with President Tinubu’s agenda to curb post-harvest losses, potentially increasing farmers’ income and creating more job opportunities for youths,” the minister said.

He commended Prism Foods Limited for investing heavily in a solution to post-harvest losses, saying it would enhance food security and encourage entrepreneurship, ultimately boosting the nation’s economy.

The Kano State Governor, Abba Yusuf, represented by the State Commissioner for Commerce, Alhaji Shehu Wada Sagagi, commended Prism Foods Limited for establishing such a huge investment in Kano.

Yusuf noted that the state government is committed to providing all the needed support to ensure that agricultural produce is enhanced.

The Chief Executive Officer (CEO) of Prism Foods Ltd., Mr. Aman Gupta, said the massive post-harvest losses faced by onion farmers prompted the establishment of the facility.Alhaji Aliyu Maitasamu, Chairman of the National Onion Producers, Processors, and Marketers Association of Nigeria, said the facility would significantly reduce post-harvest losses of onions and other perishable commodities.

Related Topics:Featured Onion storage Prism Foods Onion Storage facility

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Naira Exchange Rates Thursday, 5 Nov 2026

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6 hours ago

November 5, 2026

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Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

1 day ago

November 4, 2026

OCHEFA

108 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.