Connect with us

National News

More Incentives For Farmers As FG Unveils New Agric Investment Incentives

Published

on

More Incentives For Farmers As FG Unveils New Agric Investment Incentives

  • VP Shettima pledges enhanced credit access, irrigation expansion, full-time rural jobs

By: Our Reporter

The Federal Government has announced fresh incentives to boost agricultural investment under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

This is part of ongoing reforms to unlock Nigeria’s vast food production potential through new policies that serve as a game-changer for agriculture and infrastructure investments in the country.

The Vice President, Senator Kashim Shettima, disclosed this in Abuja on Tuesday during the Food and Agriculture Organisation of the United Nations (FAO) National and Subregional Hand-in-Hand Investment Forum.

According to him, while hunger poses a global security issue, Nigeria must mobilise its strengths to secure a future of abundance.

“Nothing unifies humanity as much as hunger. It is the great equaliser that reveals our vulnerabilities and the shared fragility of our existence. Food is not merely a matter of survival, it is a matter of global security,” he said.

The Vice President noted that the administration is introducing single-window platforms for land registration, strengthening agricultural credit systems, expanding irrigation infrastructure, and scaling mechanisation.

“We must facilitate access to land and resources for serious investors. We must drive mechanisation to reduce drudgery and enhance productivity. We must strengthen the agricultural credit system to ensure capital flows to where it is needed most,” he said.

Senator Shettima specifically observed that irrigation is a game-changer, noting that Nigeria has river basins and aquifers capable of irrigating over three million hectares but currently uses less than ten per cent.

“Strategic investment in irrigation alone could triple yields, free us from seasonal dependency, and fortify our resilience against climate shocks,” he added.

The Vice President also assured investors that Nigeria’s policies are being re-engineered to attract capital through regulatory reforms, public-private partnerships, and agri-tech innovation.

“Nigeria is open for business, and we are ready to partner with you. Let us work hand-in-hand to build a Nigeria and a subregion where no one goes to bed hungry, where rural communities are hubs of wealth creation, and where agriculture is the true foundation of our prosperity,” VP Shettima said.

The Vice President further assured that Nigeria is open for business and ready to partner with relevant stakeholders and investors in implementing its national blueprint targeted at creating 21 million full-time jobs in rural and agrarian communities, while securing national food and nutrition sufficiency.

“The vehicle to this future is the quality of policies we have chosen to prioritise. At the top of these interventions stands our National Development Plan (2021–2025), which has set forth ambitious but achievable targets.

“This blueprint seeks to lift 35 million Nigerians out of poverty, create 21 million full-time jobs in rural and agrarian communities, and secure national food and nutrition sufficiency through deliberate and strategic investments in agriculture,” he added.

Earlier, Minister of Agriculture and Food Security, Senator Abubakar Kyari, made a presentation on Nigeria’s investment atmosphere and country profile, highlighting key challenges and potentials for investment across the agribusiness value chain.

He said a combination of Nigeria’s domestic market, large arable land, clement weather and fast growing digital economy, present unique opportunities for investment across the agribusiness ecosystem.

For his part, the Minister of Budget and Economic Planning, Senator Atiku Abubakar Bagudu, said the economic potential of Nigeria remains largely untapped especially in agriculture and irrigation which hold significant promise for economic diversification and transformation.

He noted that agriculture, particularly agribusiness, remains a pivotal component of Nigeria’s national development plan in the medium and long term, as well as the Renewed Hope Agenda of President Tinubu.

For his part, the Minister of Agriculture, Livestock and Food Security of The Gambia, Dr Demba Sabally, commended the FAO for hosting the event and Nigeria’s leadership in agriculture, highlighting the country’s success stories in the rice and cassava value chains as worthy of emulation by countries in the sub-region and beyond.

He emphasized the need for peer review among countries in the West African sub-region because of their common challenges and opportunities for growth and transformation.

In the same vein, representative of the Food and Agricultural Organisation (FAO) in Nigeria and ECOWAS, Dr Hussein Gadain, said the Hand-in-Hand Initiative is FAO’s “evidence-based, country-led, and country-owned flagship programme, designed to accelerate agricultural transformation and sustainable rural development.”

He said the programme is squarely aimed at eradicating poverty, ending hunger and all forms of malnutrition, and reducing inequalities. It is our vehicle for achieving the SDGs.

Commending Nigeria’s clear agricultural development priorities and describing them as catalysts for transformative and sustainable growth within Africa’s agri-food systems, Dr Gadain hailed Vice President Shettima’s genuine commitment and visionary leadership in transforming Nigeria’s agri-food systems.

According to the FAO rep, the VP’s “passion for agriculture, food security, and nutrition is unmatched. He has been a driving force in attracting crucial investments and fostering innovation, and his continued engagement deserves our highest commendation.”

Also, the Head of the EU Delegation in Nigeria, Mr Gautier Mignot, said the Hand-in-Hand Initiative reflects Nigeria’s strong commitment to strengthen food security and deepen investment across the agribusiness value chain.

He declared that the EU remains Nigeria’s long term partner in Nigeria’s agricultural journey and is committed to investing in value chain development in the country, starting with the recent investment of over 80 million euros to unlock opportunities in key value chains across 7 states.

He said the EU stands ready to deepen collaboration with Nigeria as a partner to ensure irrigation becomes a pathway for economic growth and agricultural transformation.

More Incentives For Farmers As FG Unveils New Agric Investment Incentives

Continue Reading
Click to comment

Leave a Reply

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

National News

China Hands Over Landmark ECOWAS Headquarters in Abuja, as Leaders Call for Stronger West African Unity

Published

on

China Hands Over Landmark ECOWAS Headquarters in Abuja, as Leaders Call for Stronger West African Unity

By: Michael Mike

The Government of China on Tuesday officially handed over the newly constructed headquarters complex of the Economic Community of West African States in Abuja, in a ceremony marked by strong appeals for unity, deeper integration, and renewed commitment to regional cooperation across West Africa.

The event brought together senior government officials, diplomats, and regional leaders, with speakers consistently framing the project as more than infrastructure—describing it as a strategic symbol of partnership, vision, and collective ambition for the sub-region.

President of the ECOWAS Commission, Omar Alieu Touray, described the occasion as a historic milestone, noting that it coincides with the bloc’s 50th anniversary.

“Today marks an important day for ECOWAS and we should all be glad to be witnesses to this momentous occasion marking the official handover of the New ECOWAS Headquarters Complex to the Commission,” he said, adding that the development comes at an opportune time in the organisation’s integration journey.

Touray clarified that the ceremony represents the completion and handover of the building, while the formal inauguration will take place later in the year. The commissioning is expected to be led by Sierra Leone’s President, Julius Maada Bio, in his capacity as Chairman of the ECOWAS Authority, alongside Nigeria’s President, Bola Ahmed Tinubu, and other heads of state.

Reflecting on the project’s origins, he recalled that the groundbreaking took place in October 2023 with funding support from China amounting to approximately $56.57 million.

“As you may recall, back in October 2023, we convened here for the groundbreaking ceremony of this complex… Today, two years after that initiation, we are gathered for the handover ceremony of this remarkable building,” he said.

Touray commended the speed and quality of delivery, noting: “Considering the time usually taken to complete infrastructure projects of this magnitude and complexity, the completion of this ECOWAS Headquarters Complex within two years is highly commendable and we should all applaud our Chinese brothers and sisters.”

He also extended appreciation to Chinese President Xi Jinping, represented by Ambassador Yu Dunhai, for what he described as a generous contribution to regional development, while acknowledging China’s broader support for ECOWAS peace and security operations, including assistance to the ECOWAS Standby Force.

Touray further thanked Nigerian authorities, including the FCT Minister Nyesom Wike, for their support in facilitating the successful execution of the project.

Chinese Ambassador Yu Dunhai, in his remarks, described the headquarters as a flagship project and a symbol of enduring China-Africa cooperation.

“This headquarter building stands as a milestone—it is China’s flagship aid project for ECOWAS and another headquarters for an international organization,” he said, comparing it to other major Chinese-supported institutional projects on the continent.

Affectionately called the “Eye of West Africa,” the ambassador said the structure was completed after “more than 1,200 days and nights of meticulous craftsmanship,” blending Chinese engineering expertise with West African cultural identity.

“The building harmonizes the excellence of Chinese architectural technique with the unique culture of West Africa,” he said, adding that it will strengthen ECOWAS’ operational capacity and serve as a platform for regional development.

Yu also situated the project within broader diplomatic context, noting that this year marks 70 years of China-Africa relations. He said China continues to support African modernization through initiatives such as the “Ten Partnership Actions,” expanded South-South cooperation frameworks, and zero-tariff access for African exports.

“We remain committed to a demand-driven approach that respects African autonomy and sovereignty, translating our support into tangible actions for Africa’s revitalization,” he said.

He reaffirmed China’s support for ECOWAS and praised its role in regional peace and integration, while also acknowledging Nigeria’s leadership in the partnership.

For Nigeria, the host nation, the project carries deep symbolic weight.

Minister of the Federal Capital Territory, Nyesom Wike, said the occasion represented far more than a physical handover.

“Today is not just about the handover of a building. Today marks the handover of a vision. A vision of partnership. A vision of regional solidarity. A vision of a West Africa that is prepared to build the institutions that will carry its future,” he said.

Wike described the headquarters as “more than concrete, steel, and glass,” calling it “a statement that cooperation still matters” and proof that diplomacy can still deliver tangible results.

He emphasized Abuja’s status as a diplomatic hub, noting: “Abuja is not only the seat of government; Abuja is the diplomatic capital of this nation, a meeting point of nations.”

He added: “Great institutions deserve worthy homes,” describing ECOWAS as a key expression of regional identity and hope.

Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, also framed the handover as a historic and symbolic moment.

“It is with profound honour and a deep sense of history that I stand before you today,” she said, describing the event as more than the commissioning of a building, but “the consolidation of a vision, a reaffirmation of unity, and a renewed commitment to peace and sustainable development.”

She highlighted ECOWAS’ role since 1975 in conflict prevention, peacekeeping, economic integration, and governance, stressing that the new headquarters would enhance institutional efficiency and coordination.

“This new Headquarters therefore symbolizes more than administrative convenience. It is a strategic asset that will enhance institutional effectiveness… and reinforce the capacity of the Commission to respond to emerging regional and global challenges,” she said.

Odumegwu-Ojukwu praised President Tinubu’s leadership in advancing regional integration and commended China for what she called a “remarkable gesture of goodwill,” adding that the project reflects “mutual respect, shared prosperity, and South-South cooperation.”

She also issued a strong call to member states:

“At a time when our region is confronted with complex challenges… our unity is not optional, it is imperative. We must continue to act in concert, speak with one voice.”

Across all speeches, a consistent message emerged: while the new headquarters represents a major infrastructural achievement, its true value will depend on the political unity and collective resolve of West African states.

As the ceremony concluded, leaders underscored that the building is not an end in itself, but a platform for the next phase of regional integration—one defined not by construction, but by cooperation.

China Hands Over Landmark ECOWAS Headquarters in Abuja, as Leaders Call for Stronger West African Unity

Continue Reading

National News

NDLEA, Customs Forge Alliance to Tackle Drug Trafficking

Published

on

NDLEA, Customs Forge Alliance to Tackle Drug Trafficking

By: Michael Mike

The National Drug Law Enforcement Agency (NDLEA) and the Nigeria Customs Service (NCS) have formalized a strategic partnership aimed at strengthening border security and combating drug trafficking across Nigeria.

The agreement was reached during a high-level meeting at the NDLEA headquarters in Abuja on Monday, where a joint communiqué was signed by NDLEA Chairman, Buba Marwa, and the Comptroller-General of Customs, Bashir Adewale Adeniyi.

Both agencies acknowledged the growing sophistication of transnational organized crime, stressing that a coordinated institutional response is essential to effectively disrupt illicit drug networks.

Under the new framework, NDLEA and Customs will enhance intelligence sharing through a secure and structured platform designed to enable early detection and prevention of criminal activities. The collaboration will also see the deployment of joint task forces at key operational points, including seaports, airports, and land borders.

The agreement further seeks to eliminate operational overlaps and reduce inter-agency friction by clearly defining roles and respecting each agency’s legal mandate. A Standing Inter-Agency Committee will also be established to promptly address disputes and ensure smooth coordination.

Speaking on the development, both Marwa and Adeniyi emphasized that the partnership represents a critical step toward strengthening Nigeria’s security architecture while maintaining the efficiency of legitimate trade operations.

They reiterated their commitment to professionalism, mutual respect, and national interest, noting that aligning the capabilities of both agencies would create a more effective barrier against the trafficking of illicit substances.

The collaboration is expected to significantly boost enforcement efficiency at Nigeria’s entry and exit points, reinforcing ongoing efforts to curb drug-related crimes and safeguard public safety.

NDLEA, Customs Forge Alliance to Tackle Drug Trafficking

Continue Reading

National News

From Ports to Food: How Partnership with China is Driving Nigeria’s Economic Transformation

Published

on

From Ports to Food: How Partnership with China is Driving Nigeria’s Economic Transformation

By: Adeola Adelabu

For years, Nigeria’s conversations around economic transformation have been long on ambition but short on execution. Increasingly, however, a more pragmatic pattern is emerging, one defined by structured partnerships, targeted investments, and a growing emphasis on delivery. Nowhere is this shift more visible than in the evolving relationship between Nigeria and China.

As bilateral cooperation deepens, a broad portfolio of projects spanning infrastructure, manufacturing, and agriculture is beginning to reshape Nigeria’s economic trajectory. The emerging signal is clear: development is no longer being framed solely around policy intent, but around measurable outcomes.

A clear demonstration of this shift is the operational success of the Lekki Deep Sea Port. Developed in partnership with China Harbour Engineering Company (CHEC), the port stands as one of the most significant private-sector-led infrastructure investments in Nigeria in recent years. With over $1 billion in equity contribution by CHEC, the facility is now fully operational, easing port congestion, improving cargo handling efficiency, and strengthening Nigeria’s position as a maritime gateway for West Africa.

Beyond its infrastructure value, Lekki Deep Sea Port is increasingly seen as a case study in what structured international partnerships can deliver when aligned with domestic priorities. It highlights a key lesson: investment alone is not sufficient; execution, governance, and operational sustainability are what convert capital into national value.
However, infrastructure is only the starting point of industrial transformation. The next frontier lies in rebuilding Nigeria’s productive base, particularly in steel. No modern economy achieves industrial depth without a functioning steel industry, and this reality places renewed attention on the revival of the Ajaokuta Steel Company.

For decades, Ajaokuta has remained an unfulfilled potential. Yet, renewed collaboration involving Chinese technical and investment partners has reopened the possibility of repositioning it as a core pillar of Nigeria’s industrial ecosystem. A functional steel plant would reduce import dependency, lower production costs across sectors, and stimulate downstream industries such as construction, fabrication, and manufacturing.

The strategic logic is further reinforced by Nigeria’s resource endowment, particularly iron ore deposits in Itakpe, Lokoja and Ogun state. Combined with improving logistics infrastructure, including rail and inland transport corridors, the fundamentals for a viable steel value chain are present. What remains critical is execution discipline and sustained policy continuity over time.

If infrastructure and steel represent the backbone of industrialisation, agriculture represents its most immediate and socially visible impact. In a context where food inflation continues to pressure household incomes, interventions that directly affect food supply and pricing carry both economic and political significance. This is where the National Integrated Poultry Project becomes particularly consequential.

According to Joseph Tegbe, the project is designed to address structural constraints in Nigeria’s poultry value chain, particularly high feed costs and supply inefficiencies. By integrating large-scale poultry production with domestic cultivation of key feed inputs such as maize and soybean, the initiative directly targets the most significant cost drivers in the sector.

The economic rationale is straightforward: reducing feed costs lowers production costs, and lower production costs improve affordability for consumers. In practical terms, this is expected to translate into more accessible prices for eggs and poultry products, which remain critical sources of affordable protein for millions of Nigerian households.

The implications extend beyond consumers to producers. Poultry farmers, many of whom operate under volatile input pricing and thin margins, stand to benefit from more stable feed supply chains and reduced production costs. This could enhance profitability, encourage sector expansion, and strengthen resilience across the agricultural value chain.

The scale of ambition is significant. Pilot phases are scheduled for Kaduna and Oyo States, with plans for national expansion thereafter. Each integrated facility is expected to operate at industrial scale, housing up over one million layer birds alongside substantial broiler capacity, and collectively producing millions of eggs daily.

The programme is projected to generate tens of thousands of direct jobs and hundreds of thousands of indirect opportunities across farming, logistics, processing, and distribution.

Yet, Nigeria’s development history underscores an important caution: ambition does not automatically translate into impact. The country has seen several large-scale agricultural and industrial programmes falter due to weak coordination, inconsistent policy implementation, and limited accountability mechanisms.

This makes execution the defining variable. Clear timelines, institutional coordination, and measurable performance indicators will determine whether these initiatives become transformational or remain under-realised potential.

Encouragingly, recent engagements under the Nigeria–China Strategic Partnership indicate that over $20 billion in investment commitments have been mobilised across agriculture, mining, automotive manufacturing, and energy.

While this signals strong investor confidence, commitments must ultimately be judged by outcomes, jobs created, food prices reduced, industries strengthened, and productivity improved.

Taken together, the trajectory from Lekki Deep Sea Port to Ajaokuta Steel and the National Integrated Poultry Project reflects a more integrated approach to economic development, one that connects infrastructure, industry, and food systems within a single framework of cooperation. The Nigeria–China partnership is therefore evolving beyond diplomacy into an economic delivery platform. The real question is no longer about the scale of ambition, but the consistency of execution.

If Nigeria succeeds, the impact will be tangible: lower food costs, stronger industrial capacity, and expanded employment opportunities. If it fails, these initiatives risk joining a long list of unrealised development plans. Ultimately, the difference will be defined not by vision, but by execution.

Adeola Adelabu is the Lead, Media and Public Relations at the Nigeria–China Strategic Partnership (NCSP).

From Ports to Food: How Partnership with China is Driving Nigeria’s Economic Transformation

Continue Reading

Trending

Verified by MonsterInsights