FG Signs MoU with Biocrops Designed To Create 10,000 Jobs



Federal Government has a signed a Memorandum of Understanding[MoU] with Biocrops Biotechnology Limited designed to create 10,000 jobs in the country.

Speaking at the signing ceremony in Abuja, Mr. Bitrus Bako Nabasu, Permanent Secretary in the Federal Ministry of Science and Technology, explained that the signing of the MoU would ultimately lead to immediate production of Nigerian developed and manufactured biotechnology products such as bio-fertilizers, bio-pesticides, technology seeds and elite seedlings, including elite yam varieties promoted by International Institute of Tropical Agriculture

Nabasu said the partnership of the Federal Government with Biocrops had already attracted N3.2billion in its phased implementation and would produce about 10,000 jobs that were non-existence in the country earlier before now.

He noted that the ministry through its agencies has been forging and supporting collaborations among public and private institutions to facilitate development, equity investment in projects and access to new revenue and capacity to service delivery for the fulfillment of the visions and aspirations of the national science and innovation.

He pointed out that Biocrops has brought synergies between farmers, top notch research institutions within the country, digital financial experts, novel market ready products and indeed game changers in the agricultural sector.

He expressed Federal Government’s determination to make science and technology the hub on which the wheel of development revolves.

Also speaking, Managing Director of Biocrops, Dr. Joseph Odusanya, expressed joy in the signing of the MoU, adding that it would bring a turnaround in the agricultural development of the country.

Odusanya said the company had developed bio-insecticides, bio-fertilizers and bio-pesticides.

He said the company would introduce technology seeds that enable farmers to plant without the use of fertilizers.

It would be recalled that the signing of the MoU was between the National Biotechnology Development Agency [NABDA], an agency under the Federal Ministry of Science and Technology and Biocrops Biotechnology Limited.

Biocrops, an indigenous and private biotechnology company is an Economic Recovery and Growth Plan[ERGP] Laboratory incubate of the Federal Ministry of Budget and National Planning with a focus on peri-urban agriculture and novel products.

Biocrops whose founding predates the establishment of NABDA, adopts a social business model to strengthening its relationship with its clients by focusing on value creation that is delivered in scaled production of assorted high-quality seeds and seedlings, scaled production of bio-fertilizers and pesticides.


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