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From Scholastica Hir, Makurdi
The Managing Director/CEO of Benue Investment and Property Company (BIPC), Dr. Raymond Asemakaha, has said that the off-take of commodities from Benue farmers will significantly boost the state’s GDP.
Speaking during a TV business programme, the MD explained that the initiative is part of BIPC’s efforts to address food insecurity and improve the economic conditions of farmers in the state.
He stated that the off-take programme involves purchasing farm produce directly from farmers, thereby providing them with a stable market and fair prices for their goods.
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He added that the approach is expected to increase farmers’ income, enhance their livelihoods, and contribute to the state’s economic growth.
According to him, BIPC plans to establish a warehouse receipt system, which will enable farmers to store their produce and receive payment based on the value of their stored commodities.
“This system will provide farmers with greater control over their produce and improve their bargaining power,” he said.
Dr Asemakaha also highlighted that the company’s brewery, fruit juice, bread, polythene, water, and nail manufacturing ventures are designed to promote backward integration for local farmers. These initiatives aim to stimulate the economy and create jobs in line with the vision of Governor Hyacinth Alia.
