Licking soup series 2

Durante Fish Industries Limited was founded in 2000 by the late Ade Alakija.

They are based in the city of Ibadan in Oyo State in south – west Nigeria and are considered to be one of the leading aquaculture companies in West Africa.

They are Nigeria’s largest producer of Market Ready Catfish and Tilapia a leading service provider to the rapidly expanding Aquaculture Sector in the region.

As a Service Provider they support other aquaculture operations with:

• Technical Research & Support

• Bespoke Training Programs

• Equipment Procurement, Supply & Maintenance

• Fingerling Supply

• Juvenile Supply

They also operate a commercial Feed Mill and are the Sole Distributor in Nigeria for SKRETTING Fish Feed.

So, I was discussing with their Managing Director (Carl Alakija) also from a Lebanese origin given birth here in Nigeria on why he was increasingly expanding his cold storage facilities and he said Nigeria will fall into food scarcity very soon. I laughed over it, saying to myself “with all the produce that farmers have and people cannot afford to buy it…With all the Post-harvest losses, this will never happen. Yo! Carl is in his mid-twenties, what does he know about this industry sef?”

Later that evening, as I was discussing with my Wife, coincidentally she’s also in the Agribusiness industry. She confirmed the same, that we are already experiencing a scarcity of eggs and chicken.

What! I exclaimed; She further explained that some hatcheries have day-old chicks booked till November 2020 and this was in June; 5 months ahead with payment already made. See healthy cashflow …

How did Carl (Lebanese) know, see and project this and I couldn’t see it early. Carl is licking soup…Chai!

This was long before the government policy classifying importation of maize under non-valid for FX.

Open my eyes oh Lord! Let me lick some Soup too

This pandemic also brought some soup (Opportunities), we just need to open our eyes to see! Get your Bread ready…