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Private Sector A Crucial Foundation Of Nigerian Government – VP Shettima

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Private Sector A Crucial Foundation Of Nigerian Government – VP Shettima

  • Says Tinubu poised for entrepreneurship, innovation-driven environment

By: Our Reporter

Vice President Kashim Shettima has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government.

He noted that President Bola Ahmed Tinubu is committed to creating an environment that fosters entrepreneurship and innovation.

This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital.

The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the SEOF Touch-a-Life Housing Project and the AEMSL Meter Factory, in Anambra State.

He stated: “This gathering is a reminder that the private sector forms the other half of the government’s crucial foundation. Whatever innovation we design, whatever ideas we explore, whatever interests we pursue, we cannot achieve our objectives if those for whom they are targeted are not carried along or in tune with our agenda.

“I am utterly proud to be here today, honoured and excited to witness the commissioning of these landmark projects. I am convinced that each of us understands the urgency of our collective actions”.

Sen. Shettima commended Anambra State for its private sector-driven development, even as he pledged the federal government’s support in addressing the state’s ecological challenges.

Noting that Anambra State has emerged as a critical pillar in Nigeria’s economic future, VP Shettima also praised Governor Chukwuma Charles Soludo for his understanding of the importance of a thriving private sector.

He added that Soludo has demonstrated “vast understanding of our economic dynamics, not just refined in academic chambers but forged in the crucible of real-world challenges.”

Shettima also commended the Chairman of Chrome Group and Founder of Sir Emeka Offor Foundation (SEOF), Dr. Emeka Offor, for his contributions to the development of Anambra State.

Acknowledging Offor’s “innovation, determination, and audacious vision,” the VP said Offor’s investments in Anambra State have helped to create jobs, improve infrastructure and provide essential services to the people of the state.

“Dr. Emeka Offor is a shining example of what can be achieved when the private sector and the government work together. He is a true patriot who is committed to making Nigeria a better place,” he noted.

Shedding more light on the crucial role the private sector plays in nation building, the Vice President said the hope the Tinubu administration has promised to renew can only be realised in an environment that makes it easier to translate the ideas of pace-setting individuals like Dr. Emeka Offor into action.

Shettima continued: “The profound partnership between the federal government and each state remains an indispensable cornerstone.

“I assure you that commitment knows no bounds when fostering an environment ripe for entrepreneurial growth and innovation. For it is in the nurturing embrace of this collaborative effort that the delicate balance between public and private sectors resonates, defining the trajectory of successful nations.”

The Vice President also had an aerial view of some gully erosion sites in the state and was briefed on the state government’s efforts to address the problem which has caused widespread damage to infrastructure and farmlands in Anambra State.

Shettima pledged the federal government’s support to the state government’s efforts to address the problem of erosion. He said that the federal government will provide financial and technical assistance to the state to implement solutions to this problem.

The VP restated federal government’s continued support for Anambra State’s economic development, saying the government will work with the state to address challenges such as gully erosion and improve road infrastructure.

His words: “Anambra State is crucial to the economy of this country, and we are going to ensure interventions in this state, from economic support to infrastructure development, are geared towards sustaining its place as an industrial and economic powerhouse.

“We are aware of the daunting challenge of gully erosion with which the state grapples, a consequence of its loose ferallitic soil. We are aware of the communities that this menacing force has encroached upon. We are aware of the lives and livelihoods it has devastated and threatened.

“We are also going to make our interventions in boosting our road infrastructure projects stand as tangible testaments to our commitment to connect the South-East with other sub-regions of our beloved country.

“These initiatives aim not only to bridge geographical distances but also to knit together the diversity of our nation, fostering prosperity the people deserve”.

The Vice President was received on arrival in the state by Governor Soludo; the Deputy Speaker of the House of Representatives, Benjamin Kalu; the Senator representing Anambra Central, Victor Umeh; Senator Osita Izunaso and Dr. Emeka Offor, among others.

Private Sector A Crucial Foundation Of Nigerian Government – VP Shettima

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Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship

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Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship

By: Michael Mike

ActionAid Nigeria has called on the Federal Government to urgently roll out emergency economic relief measures as the ongoing conflict involving Iran, Israel and the United States continues to disrupt global oil markets and worsen the economic hardship faced by Nigerians.

The organisation raised the alarm in a statement issued in Abuja on Sunday, warning that the crisis, which has persisted for more than a month, is already pushing millions of Nigerians deeper into poverty through rising fuel prices, transport fares and food costs.

According to the group, the absence of a clear and coordinated response from the Federal Government to cushion the effects of the global energy shock is deeply troubling.

While noting that global crude oil prices have surged from an average of about seventy-five to eighty dollars per barrel before the escalation of the conflict to roughly one hundred dollars per barrel due to supply disruptions in the Middle East, the organisation said Nigeria should be benefiting from the price increase.

It explained that with Nigeria’s daily crude oil production currently averaging between 1.3 million and 1.5 million barrels per day, the country is earning significantly more revenue from oil exports, yet these gains have not translated into relief for citizens struggling with soaring fuel costs.

The organisation said petrol prices are currently selling between N1,200 and N1,400 per litre across many parts of the country, while diesel prices remain persistently high.

It noted that the impact is being felt across all sectors of the economy, with transport fares surging, food prices rising and the cost of essential goods and services climbing beyond the reach of many households.

Speaking on the situation, the Country Director of ActionAid Nigeria, Andrew Mamedu, said the hardship faced by Nigerians reflects both the global crisis and long-standing domestic policy failures.

“It is unacceptable that Nigerians continue to suffer the consequences of global oil price increases while the country fails to translate its oil wealth into protection for its people,” he said.

Mamedu added that other countries facing similar shocks have implemented proactive measures to shield their citizens.

He cited examples of governments in Asia introducing price stabilisation policies, public transport support schemes and financial assistance to households in order to mitigate the effects of rising energy costs.

He noted that countries such as Thailand have deployed mechanisms such as the Oil Fuel Fund to cap fuel prices, while Indonesia has used subsidy compensation and public funds to reduce the impact of global price increases on citizens.

According to him, Nigeria must demonstrate similar urgency by implementing strong social protection measures.

The organisation said rapid community engagements conducted across several states indicate that many households are already adopting distress coping strategies, including skipping meals, withdrawing children from school due to transportation costs and borrowing money to survive.

It also warned that small and medium-sized enterprises are scaling down operations or shutting down completely due to rising diesel and logistics costs, while informal workers are experiencing declining incomes.

To address the situation, ActionAid Nigeria urged the Federal Government, in collaboration with state and local authorities, to deploy a coordinated emergency response that includes targeted cash transfers to vulnerable households and informal businesses.

The organisation also called for the temporary reintroduction of fuel subsidies for petrol and diesel, financial support for public transport systems to curb fare increases and the suspension or reduction of taxes and port charges contributing to high fuel prices.

Other recommendations include expanding the crude-for-naira framework to stabilise domestic fuel supply, protecting food distribution and health logistics from rising transportation costs and enforcing fuel consumption reduction measures across public institutions.

In addition, the group urged private sector employers to provide welfare support for workers, including transport assistance, flexible work arrangements and cost-of-living adjustments.

It also called on state and local governments to strengthen community-level safety nets, monitor market practices to prevent exploitation and ensure that relief measures reach vulnerable populations quickly.

“The global crisis may be beyond Nigeria’s control, but the government’s response is not,” the organisation said.

“One month into this crisis, continued inaction is unacceptable. Immediate and decisive steps must be taken to protect Nigerians from further hardship.”

Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship

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Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme

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Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme

By: Michael Mike

As Christians prepare for the Easter season, the City of Truth and Grace Assembly has positioned its 2026 celebration as more than a routine observance, unveiling a spiritually driven programme aimed at fostering personal transformation and strengthening community bonds.

Themed “The Power of Resurrection,” the church said the initiative is designed to rekindle faith, inspire hope, and provide a platform for collective spiritual engagement at a time when many people are seeking renewal amid prevailing social and economic pressures.

The programme, to be hosted by Dipo Fisho, will begin on Good Friday with a family-focused prayer session which organisers describe as a strategic gathering to address both personal and societal challenges through intercession.

According to the church, the prayer session will emphasise unity, healing, and divine direction for families and the wider community.

The Easter activities will culminate on Easter Sunday with a special worship service centred on the message of resurrection, renewal, and spiritual rebirth.

Organisers explained that the programme goes beyond worship services, incorporating moments of fellowship such as a love feast aimed at strengthening relationships among church members and welcoming first-time attendees while reinforcing the central Easter message of love, sacrifice, and redemption.

“This is not just a celebration; it is a call to experience transformation and new beginnings,” the church said, adding that the programme has been carefully curated to deliver both spiritual inspiration and emotional impact.

The event will take place at The Grounds Sport Arena, with activities scheduled for 5:00 p.m. on Good Friday and 8:00 a.m. on Easter Sunday.

With expectations of a large turnout, the church said the programme—also tagged “The Power of Resurrection”—is open to people of all backgrounds and is intended to inspire faith, unity, and a renewed sense of purpose.

Residents across the city have been encouraged to participate, as organisers project the gathering as a significant Easter convergence focused on renewal, hope, and shared spiritual experience.

Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme

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Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector

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Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector

By: Michael Mike

Stakeholders from government, industry and the diplomatic community have intensified efforts to mobilise investment and modern technology to strengthen Nigeria’s food processing and packaging sector, as the 11th edition of Agrofood Nigeria concluded in Lagos.

The push was highlighted during a networking event hosted by the German Consulate General Lagos, where Nigerian agribusiness stakeholders, German exhibitors and members of the German diplomatic and business community discussed opportunities to deepen collaboration across Nigeria’s agri-food value chain.

Speaking at a press briefing, the German Consul General in Lagos, Daniel Krull, said strengthening agriculture and food processing is central to Nigeria’s long-term economic growth and food security.

Krull noted that improving the country’s food processing capacity would not only reduce post-harvest losses but also stimulate industrial growth, create jobs and enhance Nigeria’s ability to meet domestic food demand.

He pointed to Germany’s global strength in food processing technology as evidence of how innovation can transform agricultural output into competitive products.

According to him, Germany remains Europe’s largest exporter of coffee despite not cultivating the crop domestically, a feat made possible through advanced processing technology and value-addition capabilities that tailor products to consumer needs.

“Agriculture and food processing are key to addressing food insecurity and unlocking economic potential. Technology and innovation will play a decisive role in enabling Nigeria to fully harness these opportunities,” Krull said.

The annual exhibition, organised by German trade fair company fairtrade Messe GmbH, brings together players across the entire food value chain—from food production and ingredient manufacturing to processing equipment, packaging technologies and finished product distribution.

Managing Director of fairtrade Messe, Paul März, described the event as a vital marketplace where businesses across Nigeria and West Africa connect with global technology providers.

“It is a meeting point and market place where industry meets once a year for Nigeria and West African countries to come to Lagos to discuss products with exhibitors,” he said.

Now in its 11th year in Nigeria, the exhibition featured 137 companies from 17 countries presenting equipment and technological solutions aimed at strengthening food production, processing and packaging.

Since 2017, the fair has also hosted an official German Pavilion supported by the German Government, providing a platform for German manufacturers to showcase advanced machinery designed to improve Nigeria’s food processing capacity.

Organisers said the initiative is aimed at boosting Nigeria’s food self-sufficiency by introducing technologies that reduce dependence on imported food products while encouraging domestic production and industrialisation.

März said the exhibition has already contributed to noticeable improvements in Nigeria’s food processing ecosystem, particularly in the area of packaging and the development of new supply chains.

However, he stressed that significant gaps remain, especially in packaging technology needed to extend shelf life and meet international export standards.

According to him, several companies participating in the fair have already sold machines for sachet packaging, milk powder processing, PET bottling and recycling to Nigerian businesses.

“With its long-term approach, Agrofood will continue to hold yearly in Nigeria to provide even more solutions to existing problems such as food safety, recycling and processing,” he said.

Krull also highlighted Germany’s broader economic engagement with Nigeria, revealing that Germany currently maintains a development portfolio of about €570 million in the country.

He explained that beyond trade exhibitions, the German government supports Nigerian businesses through technical advisory services, vocational education and training programmes as well as financing opportunities for small and medium-scale enterprises.

These include credit facilities and financial support windows facilitated through the German Desk at Access Bank, which provides funding options for businesses seeking to invest in food processing technology.

German companies already operating in Nigeria are also investing heavily in workforce training to ensure local staff can operate and maintain advanced industrial equipment, thereby strengthening technology transfer.

While acknowledging challenges confronting Nigeria’s agri-food sector—including insecurity, financing constraints, regulatory issues and energy shortages—Krull stressed that such obstacles should not deter stakeholders from taking decisive action.

He said Nigeria possesses the natural resources, entrepreneurial capacity and market potential needed to achieve significant growth in the food processing sector if investment, technology and policy support are effectively aligned.

By connecting entrepreneurs, investors and technology providers, he added, initiatives like Agrofood Nigeria could play a pivotal role in accelerating the transformation of Nigeria’s agricultural economy.

Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector

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