Ag Tech Investments News

Investments by CONTEC GLOBAL AGRO (CGAL) into agriculture bio-technology

Investments by an Agro-based company, CONTEC GLOBAL AGRO (CGAL) into agriculture bio-technology is capable of boosting Nigeria’s bio-economy and positioning to take her share in the global bio-technology market estimated to worth $78.4 billion.

The experts are convinced that, through innovations derived from scientific research activities focused on biotechnology, as promoted by CGAL, Nigeria could lift its economic status by significant measure.

Benjamin Ewa Ubi,a Professor and the President of Biotechnology Society of Nigeria (BSN), while inspecting the company’s tissue culture and microbiological facilities in Abuja , expressed strong sentiments that the innovative technology championed by the company will boost Nigeria’s bio-based economy.

Global farm income gains from crop biotechnology increased $78.4 billion from 1996-2010, and this trend will continue, a comprehensive study by Okanaga Specialty Fruits Inc has stated.

“We very much thank you for your innovative technologies for a bio-based economy in Nigeria and the high level of commitment. We look forward to building partnerships to upscale science and technology innovation in Nigeria”, Ewa Ubi stated.

The executive members of the Biotechnology Society of Nigeria are highly impressed with the performance of CONTEC GLOBAL AGRO and will collaborate with the company to further actualise the beautiful dreams of the company for Nigeria and indeed the whole of humanity, Prof. Vincent Ado Tenebe, Vice Chancellor, Taraba State University, said.

Source: https://www.businessdayonline.com/