Agric-tech platform, Agropartnerships, a subsidiary of a value chain development firm Farmforte, has restated its commitment to the sustainable development of the Agri-business value chain in Nigeria.
The company made this known, recently, while assuring investors of the total safety of their investments in the business, amidst new payout cycle timelines.
In recent weeks, many partners have had to deal with delayed cycle payouts, caused by global supply chain disruptions, resulting in huge losses worth millions of dollars, which also impacted the company’s ability to acquire and replace critical machinery at processing facilities, as well as the unforeseen impact of the COVID-19 pandemic on business operations.
However, assuring investors, in a recent video statement, Co-founder and Co-CEO, Agropartnerships, Uyi Osayimwense assured that the company will not waiver from its vision to foster collaborative development in the agri-business ecosystem, leveraging innovation to enable progress for everyone across the value chain.
“We take full responsibility for the unexpected, delayed cycle payouts, experienced by many of our partners in recent weeks and we have taken all the necessary measures to ensure that we do not see a repeat of this incident, while ensuring everyone gets their payout eventually,” said Uyi.
Commenting on the impact of the challenge and the commitment to satisfying all partners, CEO, Agropartnerships, Osazuwa Osayico, described the period as a challenging phase that would enhance the fortunes of the company.
“The team of experts that we have brought on board, our critical analysis of major gaps, and the unflinching loyalty that you have shown through this period, have strongly helped us navigate this season,” he added.
As part of efforts to adequately inform investors about its new phase of growth, the company also held a townhall meeting over the weekend, to expand on outstanding concerns and the overall business outlook for the year.
sourcetribuneonlineng.
com
Agropartnerships restates Commitment To Developing Agric-Business Value Chain In Nigeria
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn
Read Related News On TDPel Media
Advertisement
Nigeria signs Document on Plastic Value Chain: The Nigerian government has signed the document for the implementation of Promoting Sustainable Plastic Value Chain through Circular Economy Practices in the Federal Capital Territory...
Counter Insurgency: China restates commitment to partner with Nigeria: The Chinese government has reiterated its commitment to collaborate with Nigeria in the fight against insurgency in the country. The Ambassador of the People’s Republic...
ASATU National President Akpudo Restates Commitment Of Association To Entrenching Peaceful Co-existence In Communities: The National President of Anambra State Association of Town Unions (ASATU) Barrister Titus Akpudo says the association is committed to entrenching harmonious co-existence, peace and...
Federal Lawmaker Obidigwe Restates Commitment To Empowering Constituents: The member representing Anambra East and West in the Federal House of Representatives, Honourable Chinedu Obidigwe says he looks forward to producing 250 millionaires in...
SSG Restates Commitment To Anambra Project: The Chairman of All Soludo Support Group and Convener Soludo Support Group, Mr Chinedu Nwoye has called on their members to be more committed to...
Bayelsa State Government Restates Commitment to Agricultural Development: The Bayelsa State Governor, Duoye Diri, has said despite Bayelsa being an oil-producing state, the focus of his administration is to re-orientate the youths to...
AfCTA: FG restates commitment to implementation through use of data: By Okeoghene Akubuike The Statistician-General of the Federation, Prince Adeyemi Adeniran, says the Federal Government is committed to implementation of the African Continental Free Trade...
Climate Change: FG restates commitment to great green wall initiative: By Abigael Joshua The Federal Government has assured support to the ideals of the Great Green Wall Initiative (GGWI) to address climate change challenges. Dr...
Institute Proffer Solution to Stem Rejection of Nigeria’s Agric Produce Abroad: To end the rejection of food exports from Nigeria to Europe and America, the Federal College of Agriculture (FCA), Moor Plantation, Ibadan, has stressed the...
Nigeria sets 60-day Target to Export Perishable Agric: The Federal Government has again set another 60-day export action plan to ensure that perishable agricultural produce set for export are allowed to move freely...