The International Institute of Tropical Agriculture Business Incubation Platform, on Wednesday, presented certificates to 21 first cohort of its Insects4feed programme.
The programme, organised in partnership with New Generation Nutrition, University of Ibadan, was held in Ibadan.
In his keynote address, the Deputy Director-General, Partnership for Development of the institute, Kenton Dashiell, urged all the participants to always communicate and cooperate with each other in the business, warning that any participants shun sharp practices by mixing other products with it in order to make a bigger profit may damage the whole business.
Dashiell said, “The program is about developing high protein feeds out of two things, food waste and insects. We combine the insects and the waste products to get high-quality protein feed to sell. The name of the insect is the black soldier fly.
“The major advantage of the program is that it helps in producing high protein feeds that are in high demand and short supply right now. This business will employ people to produce this high protein feeds, reduce unemployment and also reduce importation and be substituted by local production.”
He said apart from providing the technical knowledge or the actual process of raising the insects and producing high-quality protein feeds, the institute will assist in linking up entrepreneurs with partnerships such as banks and investors so that those who need additional financial resources could access that.
In his address, the Director/Chief Executive Officer of IITA BIP, Debo Akande, encouraged graduates to focus on what they had learnt during the programme and ensure they put it to practice on time.
He urged them to adopt a private sector driven approach in running the businesses and ensure its profitability, adding that the BIP was prepared to give them the needed support.
Representative of the University of Ibadan, Prof. Adebayo Omololoye of
Department of Crop Protection and Environmental Biology, described the programme as a successful test case that aligned with the objectives of the Insects4feed cluster of the department.