WACOT Limited, a member of Tropical General Investments (TGI) Group, has secured funding support of around \u20ac1,26 million (approximately NGN 2.25 billion) by DEG Impulse through the develoPPP funding programme of the German Federal Ministry for Economic Cooperation and Development (BMZ). WACOT will match this funding with a counterpart of about \u20ac1,26 million to support a three-year project aimed at empowering 3,500 smallholder sesame farmers to adopt organic and climate-resilient sesame farming in Jigawa and Kebbi States.<\/span>\u00a0<\/span><\/p>\n The initiative builds on the success of WACOT\u2019s 2020 organic sesame pilot, which more than doubled average national yields and achieved international ECOCERT certification. The new project will scale this proven model, providing farmers with training, organic inputs, agroforestry, weather alert systems, and financial inclusion support. A key component is WACOT\u2019s commitment to a 100% offtake agreement, ensuring farmers receive premium prices for their certified organic harvest.<\/span>\u00a0<\/span><\/p>\n Naveen Chaurasia, Managing Director of WACOT Limited, said, \u201cThis grant is a powerful validation of our commitment to sustainable agriculture and the smallholder farmers who are the backbone of Nigeria\u2019s agricultural sector. By scaling our successful organic sesame model, we are not only securing a high-quality, traceable supply chain for our processing operations but, more importantly, we are directly improving the livelihoods of thousands of farming families. This project will double farmer incomes, enhance climate resilience, and significantly contribute to Nigeria\u2019s non-oil export earnings. It is a true testament to TGI Group\u2019s core philosophy of \u2018earning the goodwill of the people\u2019.\u201d<\/span>\u00a0<\/span><\/p>\n Habiba Suleiman, Head of Strategic Partnerships, TGI Group, added, \u201cStrategic partnerships are crucial for driving meaningful and sustainable development.\u00a0 Our collaboration with DEG Impulse and BMZ exemplifies how aligning business interests with development goals creates powerful win-win outcomes. For TGI, this project reinforces our dedication to investing in rural communities and fostering economic development. We are proud to be at the forefront of promoting the adoption of organic farming and climate-smart practices in Nigeria which inadvertently contributes to a healthier environment and a more prosperous agricultural future.\u201d<\/span>\u00a0<\/span><\/p>\n Marco Christ, Managing Director, of DEG Impulse commented, \u201cThrough our joint develoPPP initiative, we empower smallholder farmers and contribute to poverty reduction in the region, while also supporting Nigeria\u2019s non-oil export growth and environmental restoration. We are pleased to support the scaling of this important project through develoPPP, accelerating the adoption of sustainable farming practices and strengthening the supply chain.\u201d<\/span>\u00a0<\/span><\/p>\n The project is expected to deliver substantial outcomes, including training for 3,500 farmers in organic sesame production with a focus on the inclusion of women and youth, leading to a significant increase in climate resilience, higher sesame yields, and a doubling of farmer incomes. The project will also create 46 direct jobs, strengthen cooperatives, and improve access to financial services for farmers. It contributes to several UN Sustainable Development Goals, including No Poverty, Gender Equality, Decent Work, Climate Action, and Life on Land.<\/span>\u00a0<\/span><\/p>\n This funding marks a significant step towards building a more sustainable and inclusive agricultural economy in Nigeria, creating lasting impact for smallholder farmers and strengthening the country\u2019s position in the global organic market.<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n =THE END=<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n About TGI Group\u00a0<\/strong><\/p>\n Tropical General Investments (TGI) Group is a global conglomerate with most of its investments in emerging markets. TGI\u2019s investments focus on driving inclusivity and value addition using locally sourced raw materials, state-of-the-art manufacturing facilities, and a highly skilled workforce to produce world-class products consumed locally and exported to global markets. TGI Group is the parent company of WACOT Rice, CORMART, and CHI Farms.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n About DEG Impulse<\/span><\/b>\u00a0<\/span><\/p>\n DEG Impulse is a 100 % non-profit subsidiary of the German Development Finance Institution DEG \u2013 Deutsche Investitions- undEntwicklungsgesellschaft mbH. DEG Impulse promotes the sustainable transition of the private sector in developing and emerging-market countries and supports development policy goals as defined by the Sustainable Development Goals. Via our advisory and promotional programmes we support the transformation process of companies and enable them to implement their projects efficiently and effectively, in order to generate both commercial success and development-policy benefits.<\/span>\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" WACOT Limited, a member of Tropical General Investments (TGI) Group, has secured funding support of around \u20ac1,26 million (approximately NGN 2.25 billion) by DEG Impulse through the develoPPP funding programme of the German Federal Ministry for Economic Cooperation and Development (BMZ). WACOT will match this funding with a counterpart of about \u20ac1,26 million to support […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-1408","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/posts\/1408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/comments?post=1408"}],"version-history":[{"count":2,"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/posts\/1408\/revisions"}],"predecessor-version":[{"id":1410,"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/posts\/1408\/revisions\/1410"}],"wp:attachment":[{"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/media?parent=1408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/categories?post=1408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olabodeojomo.com\/tgi\/wp-json\/wp\/v2\/tags?post=1408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}