Bayelsa Agricultural Development Company (BADEVCO)

Corporate Profile

INTRODUCTION/BACKGROUND

Bayelsa Agriculture Development Company Ltd is a private company with a holding status for the interest of Bayelsa Government in specialised subsidiary agro-business companies. The company and its subsidiaries are promoted by the government of Bayelsa State of Nigeria with mandate to drive agricultural development and agro-business ventures that employ and optimise the agricultural potentials of the state.

 The principal corporate objective is to guarantee food security in Bayelsa State by involving Bayelsan farmers to engage in a productive partnership in agriculture as a means of sustaining profitable business in order to create jobs and generate wealth for citizens of Bayelsa.

Government desire is to run the company and its subsidiaries principally as private companies in partnership with global brand agro-business companies or credible foreign technical partners and Investors with the active participation of local investors, to achieve professionally managed, competitive and profitably run sustainable companies and by so doing, transfer technology and build the knowledge, skill and management competence required for the transformation of agriculture in Bayelsa State.

LEGAL STATUS

Bayelsa Agriculture Development Company (BADC) is registered as a privately subscribed, limited liability company under Nigeria’s corporate affairs laws. It’s RC No is 1038879, with Registered office at…………… Yenagoa, Bayelsa State of Nigeria.  

BADC Ltd is also a Holding Company for the interest of Government of Bayelsa in government promoted privately subscribed limited liability subsidiary companies of Bayelsa Palm Limited,  Bayelsa Farms Limited ,  Niger Delta Seafood Company Limited, and Creek Foods Supply Company Limited.

CORPORATE PHILOSOPHY

Restoring a due sense of enterprise and self-worth in agricultural production in partnership with investors as technical partners and out-grower contract collaborators in Bayelsa State.

VISION STATEMENT

Within 5 years we will have a Bayelsa State where there is will be a net outflow of fishery products to other parts of the national food economy and a vibrant livestock production industry.

MISSION STATEMENT

Our corporate mission is to actualise the agricultural-potential of Bayelsa State through the active collaboration with out-growers in enterprises where we have a comparative ecological advantage in the production process.

STRATEGIC CORPORATE GOALS

The overarching corporate business and social goals that defines BADC Ltd are;

Business Goal: Operate globally competitive and profitable agro-business ventures by employing associated best management practices and appropriate technology that are ecologically sustainable.

Social Goal:  Contribute to guarantees for food security, wealth and job creation within our partner-communities by ensuring strong development of the skill base for effective technical empowerment of our out-grower farmers.

STRATEGIC CORPORATE OBJECTIVES

Specific Business Objectives

a.     To carry out the business of farming in all its branches and all ramifications, such as livestock husbandry (including poultry), fishery, arable farming, and generally to cultivate agricultural crops including fruits and vegetables of all kinds.

b.     To carry on the business of processing, preserving, importing, exporting, buying, selling, marketing and distribution of all types of agricultural produce and products.

c.      To carry on business as general contractors, commission agents, manufacturer’s representatives, importers, exporters, supply of farm produce and general merchandise and distribution of general goods and commodities.

d.     To carry on business as transporters, importers, and exporters of agricultural produce within and outside Nigeria whether by land or sea and as well as importers, exporters, sellers and marketers of mechanised farming implements, chemicals, fertilisers pesticides, insecticides and allied products.

e.     To carry on business as manufacturers, buyers, sellers, importers, exporters and dealers of agricultural implements including ploughs, harrows, cultivators, spades, shovels, knives and fabricated products, metal stamping electroplating trolleys, wheel barrows metallic grills, wrought iron gates etc.

f.       To do all things as may be deemed incidental or conducive to the attainment of all or any of the above objects. 

CORE CORPORATE VALUES

·        Excellence

·        Sustainability

·        Professionalism

·        An Open and Learning Organization and;

·        Striving for Employee, Client  and Investor satisfaction

STRATEGIC AREAS OF BUSINESS OPTIONS

Our company and its subsidiaries focus on business interest within the strategic areas of;

·        Marketing of agricultural produce in primary and processed forms

·        Primary production of seafood, food-crops, livestock and cash-crops

·        Undertake the business of value addition through processing and packaging of agricultural commodities

·        Providing capacity building though a vigorous extension service to out-growers and best management practices in agriculture business.

STRATEGIC PRIORITIES

Short Term Strategic Priorities

In the short term, our business is creating value by optimising supply chain inefficiencies that short change our out-growers partner-communities in the agriculture produce market by;

·        Investment in marketing and market development targeted at off-taking produce of our Partner- community out-growers through the provision of a guaranteed market for their produce at competitive prices as well as stimulating increased production capacity for them by supporting modernization and standardization of their production technique and expanding their production capacity

·        Investment in primary production of crops with comparative ecological advantage, seafood and livestock farms as nucleus farms which shall be primary production centres that will set quality standards for out-growers who shall be key allies in the production plan.

·        Investment in value addition through processing and packaging enterprises for  e.g. cassava, fisheries and rice, plantain, banana, vegetables etc. to capture emerging markets  arising from national agricultural policies