QUICK LINKS

×
  • Business - Companies
  • Updated: September 22, 2022

Bee Keepers Call For Investment In Honey Production

Latest News

Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

More From this Author

As part of its effort to boost foreign earnings for the country, the Edo Bee Keepers Cooperative has called for massive investment in honey production 

Some members of the cooperative made the call in an interview with the News Agency of Nigeria (NAN) on Thursday in Benin.

Speaking during the interview, Secretary of the cooperative, Eugene Odoh, disclosed that beekeeping was a lucrative business which can  generate billions of dollars for the country if fully harnessed

“The business has not been harnessed, the demand for honey still exceeds supply, meaning that a lot of investment needs to be made in the sub-sector to meet demand.

“For now, we are limited in our ability to produce for export because we are still producing at micro and small scale levels.

“My company has been in existence since 2009 and we have been doing Bee Keeping, but we have not gone into export because we are still trying to meet local demands,’’ he said.

On his part, Emmanuel Ehimika, the managing director, of Agronadol Enterprise, urged the government to support beekeepers with soft loans, in a bid to expand their current level of production.

“A litre of honey sells for between N3,000 to N4,000, which is more expensive than a litre of petrol.

“A person with 10 beehives cannot produce more than 100 litres of honey per production season.

"But if you have 5,000 hives, you will be producing about 50, 000 litres per season.

“So, we want expansion of our businesses through soft loans, as well as protection of the forest where we do our businesses.

“There is already a global demand for honey and we can key into that.

"The non-oil sector has been neglected for too long.

"Honey has been neglected, but it is a sector which can engage many value chain players.

“There is also the problem of low foreign reserves in the country.

"The banks can no longer give businesses foreign exchange for importation.

"We have to look inward as a country and generate foreign earnings from honey.’’ stated. 

Tags

Join our Telegram platform to get news update Join Now
Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

More From this Author

COMPANIES PROFILE

dn tyre & rubber plc Consumer Goods

DN Tyre & Rubber was founded on the 21st of October 1961 and listed on the s...

LEARN MORE
mcnichols plc Consumer Goods

Mcnichols Plc was incorporated on August 26, 2004, McNichols Plc is a relatively...

LEARN MORE
nestle nigeria plc Consumer Goods

The history of Nestle Nigeria Plc began in 1866, with the foundation of the Angl...

LEARN MORE
nigerian breweries plc Consumer Goods

Nigerian Breweries Plc, is the pioneer and largest Brewing Company in Nigeria an...

LEARN MORE

0 Comment(s)

SPONSORED

See this post in...