SEEDAN Lauds Tinubu Over Approval of N50 Billion Seed Industry Catalytic Fund

SEEDAN Lauds Tinubu Over Approval of N50 Billion Seed Industry Catalytic Fund
SEEDAN urged seed companies nationwide to take full advantage of the facility
The association disclosed the establishment of a Biotechnology Committee

The Seed Entrepreneurs Association of Nigeria (SEEDAN) has commended President Bola Ahmed Tinubu for approving the disbursement of the N50 billion Seed Industry Catalytic Fund, describing the intervention as a major boost to national food security and agribusiness development.

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Eko Hot Blog reports that SEEDAN said the fund, which is domiciled with the Bank of Industry (BoI) and implemented in line with the Renewed Hope Agenda, underscores the Federal Government’s commitment to strengthening Nigeria’s seed sector and stimulating private sector investment.

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In a statement signed by its President, Alhaji Yusuf Ado Kibiya, the association also praised Vice President Kashim Shettima for launching the distribution of Renewed Hope Seeds to smallholder farmers at the recent SeedConnect Africa Conference.

The association acknowledged the role of the Director General and management of the National Agricultural Seeds Council (NASC), noting that their sustained advocacy played a critical role in the realisation of the catalytic fund. It also commended the Federal Ministry of Agriculture and Food Security for prioritising the development of Nigeria’s seed ecosystem.

SEEDAN urged seed companies nationwide to take full advantage of the facility by investing in seed infrastructure, production, processing, packaging and marketing, with the aim of ensuring the widespread availability of high quality improved seeds to farmers.

SEEDAN Lauds Tinubu Over Approval of N50 Billion Seed Industry Catalytic Fund

According to the association, effective utilisation of the fund will accelerate industry growth, enhance competitiveness and support the transformation of Nigeria’s agricultural landscape.

SEEDAN also highlighted key milestones recorded in the past year, including the successful completion of an institutional merger that has harmonised operations within the private seed sector and strengthened the association’s governance and advocacy capacity.

It further announced its attainment of Ordinary Status Membership of the International Seed Federation (ISF), a development it said would deepen Nigeria’s integration into the global seed community and expand opportunities for international collaboration and knowledge exchange.

The association disclosed the establishment of a Biotechnology Committee, with support from the African Seed Trade Association (AFSTA), aimed at strengthening advocacy and promoting the responsible use of modern biotechnology to improve crop resilience and productivity.

SEEDAN added that, with support from the Alliance for a Green Revolution in Africa (AGRA) and Sahel Consulting Limited, it has developed a comprehensive five year strategic plan to drive innovation, expand private sector participation and strengthen the seed value chain.

“As the umbrella body for responsible seed businesses in Nigeria, SEEDAN remains committed to promoting the production, distribution and adoption of quality improved seed varieties that support farmers and advance Nigeria’s food and nutrition security goals,” the association said.