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ASTC&M Ltd. Delves into Diary, Rice Farming, Trains Over 4000 Farmers

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The Agric. Services Training Centre and Marketing (ASTC&M Ltd) Limited has in recent times made giant strides having trained over 4000 Plateau farmers in modern and better farming methods that have paid off in many ways.

 

Disclosing this to the press in Jos, Managing Director of ASTC&M, Dr. Susan Bentu said, “Currently, the Plateau State Government, being the major shareholder, through the effort of the Governor, Barr. Simon Lalong ensured the injection of funds for the repair of some of our tractors and harvesters including the upgrading of the Milky Way Diary Farm in Bokkos. The Dairy Farm is now expanded. New Breed of Frezian Cows have been stocked to increase the number of cows, a new processing line has been installed and the general environment of the farm and factory is upgraded. The production of Yoghurt and other dairy products leaves the factory for the market daily.”

 

She said the funding also enabled commercial rice farming during the last farming season. “For a start, we covered 1500 hectares of rice farm located in Shimankar, Boa and Gonvel. The harvest from these farms was a huge success and we plan to continue during the next farming season. Arrangements are now at an advanced stage to transform the greenhouses in Vom from demonstration farms to fully commercial farms.”

 

The Managing Director explained that “ASTC&M Ltd introduced Plateau farmers to modern and better farming methods, through improved seeds and seedlings, and best farm practices. We offer training and have already trained over 4,000 farmers. We offer services in all aspects of agriculture both to small and large scale farmers. Our impact includes the number of Green Houses evident on the Plateau. Some of our trainees have gone beyond the state, building Green Houses for interested farmers.”

 

Calling on farmers to feel free to access the services of ASTC&M Ltd, the Managing Director said, “We also want to inform farmers that our doors are always open; interested persons can always approach us to find out what we are doing.”

 

Dr. Bentu said that the company, which came into being in 2009, was an initiative of the Plateau state government and an Israeli company, formed purely to provide Agricultural services.

 

The Agreement, according to Bentu stipulated that ASTC&M Limited was to provide subsidized Agric services, inputs and training to farmers on the Plateau for five years, adding that “the intention was to build the capacity of the Plateau farmer and also, introduce him to modern and profitable farming methods.

 

“After the five years capacity-building period, the company was to transform to a commercial venture, whereby funding from the state government was to be withdrawn and the company becomes a purely commercial venture, whereby its services are to change to a profit-making mode, and farmers made to bear the full cost of their services.

 

“The first five years were to be known as a period of technology transfer. The foreign experts are to train farmers and staff who should take over from them at the end of their five year contract.”

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Dr. Lucas Durojaiye Leads Nigerian Delegation in 3-Day Working Visit to ECOWAS Insurance Secretariat

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The Chairman of the Nigerian National Bureau and Managing Director/CEO of Sovereign Trust Insurance PLC, Dr. Lucas Durojaiye, has led a high-powered Nigerian delegation on a three-day working visit to the Permanent Secretariat of the ECOWAS Brown Card Insurance Scheme.

The visit provided a platform for high-level discussions aimed at strengthening the regional motor insurance framework, accelerating digital transformation, and optimizing claims management to facilitate the seamless movement of people, goods, and services across West Africa.

During the engagement, delegates focused on key strategic priorities to enhance the Scheme’s overall efficiency:

 Digital Transformation & Operations: Modernizing the claims management system and leveraging technology to boost operational speed and transparency.

 Institutional Cooperation: Deepening relations between individual Member Bureaux and the Permanent Secretariat to ensure unified execution across member states.

 Regional Integration: Aligning insurance frameworks to directly support the free movement of citizens and cross-border trade throughout the ECOWAS community.

The Permanent Secretariat commended Dr. Durojaiye and the Nigerian delegation for their proactive leadership and unwavering commitment to the Scheme’s institutional goals. Both parties reaffirmed the necessity of regular consultation among Member Bureaux as the framework undergoes its ongoing modernizing push.

About the ECOWAS Brown Card Insurance Scheme

The ECOWAS Brown Card Insurance Scheme serves as the official regional motor vehicle insurance coverage framework across West Africa, facilitating safe, legal, and seamlessly insured cross-border travel for motorists within member states.

The post Dr. Lucas Durojaiye Leads Nigerian Delegation in 3-Day Working Visit to ECOWAS Insurance Secretariat appeared first on Business Today NG.

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Shareholders Fault MediPlan Over REPRU’s Recapitalization Failure

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BY NKECHI NAECHE-ESEZOBOR—Shareholders of Royal Exchange Plc have frowned at the inability of MediPlan Healthcare Limited to recapitalised Royal Exchange Prudential Life Assurance Company Limited (REPRU, during the capital injection requirements mandated by the National Insurance Commission (NAICOM).

The shareholders in an exclusive chat with BusinessTodayNG noted that MediPlan intentionally defaulted.

NAICOM revoked REPRU’s operational license on August 4, 2026, directly resulting from the missed deadline. The regulatory body subsequently appointed Receiver and Temporary Liquidator to oversee the entity’s winding-down process.

​Detailing the background of the transaction, the shareholders noted that Royal Exchange Plc had divested REPRU to MediPlan in 2022. However, in addition to defaulting on its recapitalisation obligations, MediPlan failed to fulfill all other terms of the Share Sale Agreement and subsequently refused to return the business to Royal Exchange Plc as contractually required upon default.

​In a bid to rescue the firm prior to the regulatory action, Royal Exchange Plc obtained approval from its shareholders in July 2026 to reacquire and recapitalise REPRU.

The initiative was aimed at ensuring full regulatory compliance, safeguarding policyholders’ interests, and preserving shareholder value.

​The shareholders reaffirmed that Royal Exchange Plc remains firmly committed to maintaining high standards of corporate governance and regulatory compliance.

The post Shareholders Fault MediPlan Over REPRU’s Recapitalization Failure appeared first on Business Today NG.

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