Connect with us

News

UNIFEMGA identifies problems confronting Nigeria’s agricultural sector, proffers solutions

Published

on

UNIFEMGA identifies problems confronting Nigeria’s agricultural sector, proffers solutions

By: Michael Mike

For Nigeria to get on the right trajectory to agricultural development and food sustainability, she needs to overcome the challenges of limited finance, high cost of power generation, limited storage facilities, inadequate market information, among others.

These challenges were identified by Obafemi Awolowo University Muslim Graduates Association (UNIFEMGA) at a one-day third agricultural conference organised by the Ogun state Chapter of the association in Abeokuta.

it was resolved that to get it right as a country, all the factors listed must be adhered to.

At the Conference, whose theme is: Agricultural Entrepreneurship and Development: Access to finance and funding opportunities”, it was resolved that to get it right as a country, all the factors listed must be adhered to.

UNIFEMGA noted with concern that corruption has been the main factor affecting the Nigerian economy and until it is vigorously tackled, the country will not make any progress, while adding that interventions and aids which could have helped the sector only come as crash programme and never consistent.

According to the foremost Muslim Alumni, natural occurrences such as flood which could lead to famine must also be taken into consideration for Nigeria to move forward in the agricultural sector.

In the communique issued at the meeting, also identified national insecurity and mistrust, banditry, kidnapping for ransom, the Boko Haram insurgence were recognized as some of the factors responsible for the reluctance of financial institutions to provide credit for agriculture venture as it poses a great financial risk and therefore attracts high interest rate that is mostly unaffordable to agriculture entrepreneurs.

The communique read: “Corruption is the bane of our economy and until we drive it out from all the sectors of the economy, we are going nowhere as a nation. The challenges confronting Nigeria as a nation among others are lack of modernisation/mechanisation, market volatility, limited finance, tax and duties laced with inconsistencies by government, high cost of power generation.

“Project interventions and aids come as crash programme and is not consistent. Natural phenomena are very difficult to cope with and manage because of the negativities such as flood which wash away farm settlements and which may result in famine. So also is national insecurity and mistrust, banditry, kidnapping, Boko Haram insurgence, etc.

“The presence of these challenges are responsible for the reluctance of financial institutions to provide credit for agriculture venture as it poses a great financial risk and therefore attracts high interest rate that is mostly unaffordable to agriculture entrepreneurs. With less than 5% of banks’ credit granted to the sector, finance from traditional banks remains a major challenge to agriculture development in Nigeria.

“In order to bridge the gap within the agriculture credit market, financial institutions like Lotus Bank has a critical role to play by developing areas around the value chain through product financing, financing of farm inputs, financial advisory and financial literacy. Financial institutions must understand that whatever financing option to adopt must be mutually beneficial,” the Communique added.

The conference advised entrepreneurs to take advantage of Lotus Bank, where there are financing for the purchase of inputs for crop production such as seedlings/seeds, fertilisers, insecticides, manual sprayers, for the acquisition of farm machinery, of working capital needs through forward purchase of agriculture produce, for infrastructure development such as farm house and warehouse as well as equity partnership on agriculture venture.

While calling on those who want to embrace agriculture as business to have sound knowledge of the sector through mentorship and research, he urged government and policy makers to show sincerity of purpose in addressing the multiple challenges facing the Nigerian economy so that people are encouraged to put in their best.

“Government policy must not be anti- people and innovation as we have in most situation in Nigeria where upcoming local business are brutally killed by multiple unexplained heavy financial demands from government agencies.”

Participants at the conference include the former minister of Agriculture, Alhaji Najeemdeen Adewale, UNIFEMGA BOT Chairman, Alhaji Rafiu Ebiti, Prof. Sabur Adesanya, former Olabisi Onabanjo University Vice Chancellor and chairman of the occasion as well as National President of UNIFEMGA, Alhaji Abdulfattah Olanlege.

Others were the duo of the guest speakers ,Alhaja Kafilat Araoye , MD/CEO of Lotus Bank, Prof. Jimoh Farinde from OAU Ile-Ife, Mr Tairu Olarenwaju, the chairman of UNIFEMGA Ogun state,representatives of various chapters of UNIFEMGA, other stakeholders in agricultural business, among several others.

UNIFEMGA identifies problems confronting Nigeria’s agricultural sector, proffers solutions

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Plateau: five killed in Kwi community reprisal after attack on cattle by Berom Militias

Published

on

Plateau: five killed in Kwi community reprisal after attack on cattle by Berom Militias

By: Zagazola Makama

At least five persons have been confirmed killed following a reprisal attack in Kwi community, Riyom Local Government Area of Plateau State, after suspected Berom militias reportedly shot and slaughtered several cows belonging to Fulani herders.

Security sources told Zagazola Makama on Saturday that the initial attack on the cattle occurred around 4:45 p.m. on Thursday, Oct. 30, when armed youths invaded grazing areas in Kwi and opened fire on the herders’ livestock.

According to the sources, more than a dozen cows were killed, while several others sustained gunshot and machete injuries. The incident triggered a swift reprisal later that night, resulting in the deaths of five people within the same vicinity.

“The attackers shot over ten cows and butchered some. In the night, there was a counter-attack that led to the death of five people,” sources said.

Zagazola gathered that the situation has heightened tension in the area, with residents fleeing their homes in fear of further violence.

Troops of Operation Safe Haven and other security forces have since been deployed to the area to restore calm and prevent escalation.

Zagazola recalls that Riyom and neighboring Barkin Ladi local government areas have remained flashpoints of recurrent ethno-communal violence between Berom farmers and Fulani herders, as government of the state failed to contain the crises.

Plateau: five killed in Kwi community reprisal after attack on cattle by Berom Militias

Continue Reading

News

FCT police rescue 23 foreign nationals, bust kidnapping syndicate

Published

on

FCT police rescue 23 foreign nationals, bust kidnapping syndicate

By: Zagazola Makama

Operatives of the Federal Capital Territory (FCT) Police Command have smashed a major kidnapping syndicate and rescued 23 foreign nationals who were being held hostage in Nasarawa State.

Zagazola Makama gathered from security sources that the operation, carried out by the elite Scorpion Squad led by ACP Victor Godfrey, followed a credible digital intelligence report and marked another major breakthrough in the ongoing effort to rid the FCT and its environs of criminal elements.

The sources said the suspects were arrested on Oct. 22, 2025, around 8 p.m., when the Scorpion Squad stormed Agwan Adamu Ruga Fulani, Zone B, River Side, Ado area of Mararaba, Nasarawa State.

According to the sources, 14 suspected kidnappers were apprehended during the raid, while 23 victims comprising 14 men, eight women, and a child were rescued.

Investigations revealed that the victims were foreign nationals mainly Malians who had been lured into Nigeria under the guise of securing employment but were subsequently abducted and held captive in two fortified two-bedroom apartments.

The police added that the breakthrough came after a formal complaint was lodged on Oct. 21, 2025, by Mr. Dembele Talibe, a 55-year-old Malian national and President of the Diaspora Malians Citizens Organization in Nigeria.

Talibe had reported the disappearance of several Malian citizens who, according to him, had been tricked with false job offers before being held for ransom.

“The kidnappers were demanding ransom payments from relatives of the victims using WhatsApp as their primary communication channel,” the police source said.

Upon receiving the report, the Scorpion Squad swiftly deployed digital tracking systems that led to the identification of the suspects’ hideout. The subsequent raid resulted in the rescue of the victims and the arrest of key members of the criminal network.

Among the rescued were one Cameroonian, one Nigerien, and one Burkinabé national. Items recovered from the scene included mobile phones, cooking utensils, mattresses, and other household items believed to have been used by the suspects.

Highest Police authorities confirmed that investigation was ongoing to apprehend the landlord of the property and other fleeing accomplices.

The operation illustrates the FCT Command’s renewed focus on intelligence-led policing, the use of technology in crime detection, and collaboration with local and international stakeholders to combat cross-border criminal networks.

The successful rescue has also drawn commendation from diplomatic circles and human rights advocates, who hailed the effort as a step toward dismantling transnational criminal enterprises operating within Nigeria’s borders.

FCT police rescue 23 foreign nationals, bust kidnapping syndicate

Continue Reading

News

Troops eliminate Boko Haram, repel terrorists’ ambush along Bama–Konduga road in Borno

Published

on

Troops eliminate Boko Haram, repel terrorists’ ambush along Bama–Konduga road in Borno

By: Zagazola Makama

Troops of the Joint Task Force (JTF), North East Operation Hadin Kai, have repelled an ambush by Boko Haram/ISWAP terrorists along the Main Supply Route (MSR) between Bama and Konduga in Borno State.

Zagazola Makama gathered that the troops, along with members of the Civilian Joint Task Force, were on ambush operations under Operation Desert Sanity IV when they came under enemy contact.

The incident occurred on Oct. 30 at about 7:38 p.m. around the Charlie 5 axis, along the Bama–Konduga road, during a coordinated ambush mission.

It stated that the troops engaged the terrorists believed to have infiltrated from the Geizuwa–Sambisa forest axis and forced them to flee in disarray after a fierce exchange of fire.

“Subsequent exploitation conducted by the troops on Oct. 31 led to the discovery of one terrorist’s corpse within a 3-kilometre radius toward the Sambisa forest axis,” the sources said.

During the mop-up operation, the troops recovered one AK-47 rifle, a magazine containing eight rounds of 7.62mm special ammunition, 90 rounds of 7.62mm x 54mm ball linked ammunition, and four bicycles believed to have been used by the fleeing insurgents.

Sources confirmed that no soldier was injured during the encounter.

Troops eliminate Boko Haram, repel terrorists’ ambush along Bama–Konduga road in Borno

Continue Reading

Trending

Verified by MonsterInsights