Features/Analysis
Socio-Economic Implications of Downfall of Naira
Socio-Economic Implications of Downfall of Naira
The Socio-Economic Implications of The Downfall of The Naira: A News Analysis by Solomon Asowata, Lydia Ngwakwe and Rukayat Moisemhe
Financial experts say the continuous downfall of the Naira has worsened the living standards of Nigerians and made inflation to rise.
The experts told the News Agency of Nigeria (NAN) in separate interviews that if the local currency continued to fall against the dollar, it could pose great consequences for the economy.
A professor of Finance and Capital Market, Uche Uwaleke, said that the free fall of the Naira was not in the interest of the economy.
“The consequences are grave for the economy. The rising inflationary pressure is not unconnected with imported inflation.
“The official exchange rate which is now higher than the 2022 budgeted figure will end up widening the government’s budget deficit.
“It will equally increase oil subsidy, which may push the economy into deeper debt.
“Again, in terms of the naira equivalent of servicing government foreign loans, the burden will also increase,’’ he said.
According to Uwaleke, the only benefit of naira depreciation is to the Federal Government and the Sub Nationals which naira equivalent of the Federal Accounts Allocation Committee (FAAC) distribution might increase.
“But of what use is an increase in the quantity of money which value is eroded by inflation?
“Naira depreciation ordinarily should help the country’s Balance of Payments position through discouraging imports and making exports cheaper.
“Unfortunately, this does not happen given Nigeria’s weak export base and Nigerians penchant for foreign goods.’’
He said that Nigeria needed a strong currency to be able to provide the required leadership in Africa, especially in the context of African Continental Free Trade Agreement.
Sheriffdeen Tella, a Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun, said the downfall of the naira was what caused the rising inflation.
“Its what is causing inflation and difficulty in production presently.
“Prolonged situation can affect employment and general welfare of citizens, just as it can cause expected global recession arising from the Russian war with Ukraine which will affect Nigeria in no small measure,’’ he said.
Ndubisi Nwokoma, the Director of the Centre for Economic Policy Analysis and Research of the University of Lagos, Akoka, urged the Central Bank of Nigeria (CBN) to increase the supply of foreign exchange and manage demand.
“The fall of the Naira has had serious socio-economic implications for the average Nigerian. Inflation has been skyrocketing and living standards getting worse. Challenges of insecurity also add to all these,’’ he said.
The downfall of the naira has had a huge impact on the oil and gas industry as well, which is critical to the socio-economic development of Nigeria.
The situation is further worsened by the ongoing conflict between Russia and Ukraine with the price of crude oil averaging about 120 dollars per barrel in recent weeks.
This has led to a rise in the prices of petroleum products such as Jet A1 (aviation fuel) diesel, kerosene, Premium Motor Spirit (petrol) as well as Liquefied Petroleum Gas (cooking gas).
Presently, the cost of diesel ranges from N650 to N800 per litre across the country, while aviation fuel according to domestic airline operators is selling for between N600 and N700 per litre depending on the location.
Similarly, kerosene is retailing at N650 per litre in some filling stations while a 12.5kg cooking gas cylinder is being sold at between N9,000 to N10,000 to end users.
According to the Major Oil Marketers Association of Nigeria (MOMAN), the landing cost of PMS is currently above N400 per litre, compelling the Federal Government to spend huge amounts in subsidising the product to retail for N165 per litre.
Mr Clement Isong, the Executive Secretary, MOMAN, empathised with Nigerians and the government over the challenges being faced as a result of the rising cost of crude and its derivatives at the international market.
He said lack of access to foreign exchange was one of the reasons for the increment in the retail prices of aviation fuel and diesel.
Isong also decried the subsidising of petrol by the government with huge funds that could be deployed to other critical areas of the economy such as education, health care and infrastructure development.
“A return to cost recovery and free market and competitive economics (including access to foreign exchange at competitive rates) is inevitable for the sustainability of the production and distribution framework in the petroleum downstream industry,’’ he said.
Mrs Nkechi Obi, the Managing Director, of Techno Gas Ltd. also called on the Federal Government to intervene in halting the rising price of cooking gas in the country.
Obi, who made the appeal while speaking during a panel session at the recently concluded Nigerian Content Midstream and Downstream Oil and Gas Conference in Lagos, said the product was becoming unaffordable to Nigerians.
Obi said since marketers were importing over 60 per cent of the LPG consumed in Nigeria, it was imperative that the government should make forex available to them at competitive rates.
Obi said this would reduce the cost of the product and make it affordable for Nigerians who were already returning to using kerosene stoves and firewood for cooking.
Mr Michael Umudu, the National Chairman, the Liquefied Petroleum Gas Retailers (LPGAR) branch of National Union of Petroleum and Natural Gas Workers (NUPENG), described the situation as worrisome for both retailers and consumers.
“The worrisome aspect of this development is that it has continued to rise on daily basis for weeks now but began to escalate in the last few weeks leading to significant increases in both depots and retail outlets.
“For us as retailers, it is a big problem because we can’t even afford to stock up our shops and even when we do, it will take time before we can make enough sales to get back our investments.
“What we find now is that people even bring in 12.5kg cylinders but opt to fill them with less than 6kg of gas just to manage at home.’’
Umudu, therefore, appealed to the government to create a dedicated forex window for LPG importers to help bring down the cost of cooking gas.
Dr Muda Yusuf, an economist attributed the downfall of the naira to consequences of the CBN fixed exchange rate regime and administrative allocation of foreign exchange.
Yusuf, also founder, Centre for the Promotion of Private Enterprises (CPPEs), said the policies had created a huge enterprise around foreign exchange, round tripping, speculation, over invoicing, capital flight among others.
He said that the action of the apex bank amounted to tackling the symptoms rather than dealing with the causative factors, which was not a sustainable solution.
“It is regrettable that the CBN does not believe in the market mechanism, yet market systems are time tested as instruments of efficient resource allocation in leading economies around the world.
“Of course, market failures are recognised in economics, and these cases are exceptions that can be identified and dealt with.
“A market based management framework will restore calmness and stability to the foreign exchange market.
“Although, there may be a momentary spike in the exchange rate, but stability and gradual appreciation of the rate would follow soon after.
“Suppressing the market is like swimming against the tide, it is a difficult battle to win,” he said.
Yusuf likened moving retail forex transactions from Bureau De Change (BDC) to the banks to “kicking the can down the road’’, stating that the same issues would manifest even with the banks.
He noted that the BDCs were generally more accessible, required minimum documentation, had short response time and better interface with the Small and Medium Enterprises and the informal sector, the dominant players in the Nigerian economy.
He said that the way out of this free fall of the Naira was for the CBN to allow the market to function.
Yusuf said it was also imperative for the apex bank to de-emphasise demand management and focus on strategies to stimulate foreign exchange inflows.
According to him, a fixed exchange rate regime is a major disincentive to inflows as it creates enormous pressure of demand for foreign exchange.
Dr Chinyere Almona, the Director-General, Lagos Chamber of Commerce and Industry (LCCI), noted that the Naira had recorded unprecedented volatility already in the first quarter of 2022.
This, she said was due to the widening premium between the official (NAFEX) rate at N415 per dollar and the BDC/Parallel market rate of N580.
She said that the position of industrialists was for the monetary authorities to liberalise the foreign exchange market by unifying the multiple rates and ensuring that the rates were market-driven.
This, Almona posited was critical to the process of enhancing stability, liquidity, and transparency in the foreign exchange market.
She said the unification would improve the country’s currency management framework given that the multiple exchange rate systems had been creating uncertainty issues and sources of arbitrage.
“The CBN needs to initiate a gradual transition to a unified exchange rate system and allow for a market reflective exchange rate.
“The currency market is still beset with persisting liquidity challenges evidenced in the wide premium between the NAFEX and parallel market rates.
“To consolidate on the interventions earlier initiated, the CBN needs to roll out more friendly supply-side policies to boost liquidity in the market.
“This would help bolster investor confidence and attract foreign investment inflows into the economy.
Almona also stressed the need for more deliberate efforts toward making the business environment more conducive for Micro, Small and Medium Enterprises (MSMEs) and large corporates at the national, subnational, and local government levels are imperative.
Features/Analysis
Caught Between Terrorists and the State: How Insider Mediators Face the Greatest Risks in the Sahel and Lake Chad Basin
Caught Between Terrorists and the State: How Insider Mediators Face the Greatest Risks in the Sahel and Lake Chad Basin
By: Hon Aliyu Gebi
In every conflict, there are soldiers who fight, governments that formulate policy, and humanitarian agencies that provide relief. Yet hidden between these visible actors exists another category of individuals whose contribution is rarely acknowledged but whose absence could make many humanitarian breakthroughs impossible. They are the insider mediators.
Across the Sahel and the Lake Chad Basin, where insurgencies by Jama’at Nusrat al-Islam wal-Muslimin (JNIM), Boko Haram, and the Islamic State West Africa Province (ISWAP) continue to challenge state authority, these mediators quietly occupy one of the most dangerous positions in modern conflict.
Unlike diplomats protected by embassies or international organisations operating under diplomatic privileges, insider mediators are ordinary members of the communities engulfed by violence. They include respected Islamic scholars, traditional rulers, village elders, women leaders, businessmen and community influencers whose greatest qualification is not political office but trust.
It is that trust that allows them to speak to men carrying assault rifles in the forests while retaining enough credibility for governments and security agencies to listen. Yet it is the same trust that places them permanently between fire and ice.
Officially, most governments in the Sahel reject negotiations with designated terrorist organisations. Nigeria, Mali, Burkina Faso and Niger have all adopted counter-terrorism policies centred on military pressure, intelligence operations and criminal prosecution.
Publicly, there is little room for political dialogue with organisations responsible for mass killings, kidnappings and attacks on civilians. Yet conflict realities are rarely as absolute as official policy suggests. When humanitarian workers require safe passage into besieged communities. When hundreds of women and children are trapped in insurgent-controlled territory. When local ceasefires become necessary to allow farmers cultivate their land.
When abducted civilians require negotiation before release. Formal diplomacy often gives way to quiet engagement. That engagement is rarely conducted by ambassadors. Instead, governments frequently rely directly or indirectly on trusted intermediaries capable of reaching actors that official representatives cannot approach. These mediators become the invisible bridge connecting two parties who publicly deny any relationship.
Why outsiders often fail
It was argued that foreign diplomats and international organisations rarely possess the cultural legitimacy required to engage violent extremist groups operating in deeply localised environments. For groups such as JNIM or Boko Haram, international actors are frequently viewed through ideological lenses.
Western governments may be seen as enemies.
United Nations personnel may be viewed as extensions of foreign influence. International NGOs may become intelligence suspects or lucrative kidnapping targets. Local mediators enter the same environment with entirely different credentials. Many speak the same dialect. Some belong to the same ethnic group.
Others share religious traditions or ancestral relationships with insurgent commanders.
In central Mali, traditional Fulani values such as Pulaaku often provide a social framework through which dialogue becomes possible. In the Lake Chad Basin, respected Islamic scholars frequently possess a deeper understanding of the ideological and theological arguments influencing Boko Haram factions than external negotiators. More importantly, insider mediators understand local grievances. They know which disputes are ideological. Which is economic.
Which stem from historical land conflicts. Which fighters joined voluntarily. Which joined because of poverty, coercion or revenge. Such nuanced understanding is often beyond the reach of external actors.
Unlike foreign mediators who return to secure compounds after negotiations, insider mediators remain inside the conflict. Their homes remain exposed. Their families remain exposed.
Every of their secrete remain exposed. Every negotiation they undertake carries consequences that follow them back into their villages. One Negotiator who undertook series of engagement with some Nigerian non state actors to secure the release of captured victims, said they came under ambush more than five times in separate encounter. In one instance, a gun was pointed at his head.
If negotiations collapse. It is not an embassy that is attacked. It is often the negotiators, their own home. If insurgents suspect betrayal. Their wives and children or any of their relatives may become legitimate targets. If security agencies question their motives. They themselves risk detention or prolonged investigation. Few occupations carry such immediate personal consequences.
Perhaps the greatest burden insider mediators carry is that neither side fully trusts them. Security agencies frequently question why a civilian should maintain contact with terrorists.
Some mediators have reportedly faced accusations of collaboration simply because they delivered humanitarian messages or attempted to negotiate community access. From the insurgents’ perspective, however, the suspicion is equally intense. A mediator carrying government proposals may easily be branded an intelligence asset or a mile. If military operations occur shortly after meetings, insurgents may assume information was leaked. The consequences can be fatal.
This creates “double suspicion” a condition in which mediators are simultaneously viewed as potential traitors by both the state and the armed groups they seek to engage.
The legal grey zone
Another challenge identified by the report lies in counter-terrorism legislation. International sanctions and domestic anti-terrorism laws understandably prohibit providing material support to designated terrorist organisations.
However, conflict mediation often operates in ambiguous spaces. Suppose a mediator delivers medicine to secure the release of kidnapped civilians. Or transports communication equipment required to arrange humanitarian access. Or facilitates financial arrangements connected to hostage negotiations. Do such actions constitute humanitarian engagement? Or do they amount to material support under anti-terrorism laws? The report argues that many insider mediators now operate without clear legal protections despite performing functions that governments quietly acknowledge are sometimes necessary. The absence of legal clarity increases both operational and personal risk.
Lessons from JNIM
The report draws heavily from developments in Mali and Burkina Faso. In several communities, local mediators successfully negotiated temporary arrangements allowing farmers to cultivate their fields under agreed conditions.
Some agreements reduced attacks. Others facilitated humanitarian access. Yet these agreements often proved fragile. Military offensives sometimes resumed without warning.
Insurgent commanders interpreted such developments as betrayal. The mediator rather than the state often bore the consequences.
Even more challenging has been the inconsistency of government policy.
During one administration, dialogue may receive quiet encouragement. A subsequent administration may criminalise similar contacts.
Several mediators reportedly found themselves under investigation for activities previously tolerated.
Lessons from Boko Haram: Two Different Negotiation Landscapes
The report notes that mediation efforts in Nigeria’s Lake Chad Basin are further complicated by the internal fragmentation of Boko Haram. Although often viewed as a single insurgent movement, Boko Haram today comprises two principal factions with markedly different organisational structures and negotiation dynamics: Jama’atu Ahlis Sunna Lidda’awati wal-Jihad (JAS) and the Islamic State West Africa Province (ISWAP).
JAS presents perhaps the most perilous environment for insider mediators. Unlike more structured insurgent organisations, JAS has historically operated through highly decentralised command structures, where individual field commanders exercise considerable autonomy. This lack of central authority often makes negotiations unpredictable, with agreements depending largely on the disposition of local commanders rather than institutional policy. For mediators attempting to secure the release of abducted civilians or establish safe exit routes for fighters seeking to surrender, every mission carries extraordinary personal risk.
Many are required to travel into remote forest enclaves controlled by commanders whose interpretation of Islamic law, tribal customs and military discipline varies widely. Traditional norms that ordinarily protect emissaries or peace envoys are frequently ignored, leaving mediators vulnerable to detention, execution or prolonged captivity if they are suspected of deception or espionage. The report argues that engaging JAS is therefore less a process of structured negotiation than an exercise in navigating constantly shifting personal relationships, ideological rigidity and battlefield uncertainty.
Engaging ISWAP: Structure Without Flexibility
Negotiating with ISWAP presents a different, though equally demanding, set of challenges.
Unlike JAS, ISWAP maintains a comparatively organised governance system overseen by a Shura Council, with clearer chains of command and administrative procedures. This institutional framework can provide mediators with more predictable points of engagement and a greater likelihood that agreements reached with senior figures will be respected across the organisation.
The group’s strict ideological doctrine therefore leaves very limited room for compromise, and mediators often face intense pressure to produce humanitarian outcomes without violating either the insurgents’ religious expectations or the legal and ethical obligations imposed by the state. This delicate balancing act requires exceptional credibility, deep religious understanding and an ability to maintain the confidence of both sides while making no promises that cannot be fulfilled.
The Quiet Architects of Mass Defections
Despite operating under these extraordinary pressures, insider mediators played a pivotal role during one of the most significant developments in Nigeria’s counter-insurgency campaign. Following the death of Boko Haram leader Abubakar Shekau in 2021, tens of thousands of fighters, women and children began surrendering to Nigerian authorities.
While military pressure created the conditions for this unprecedented wave of defections, the report argues that it was trusted local intermediaries who transformed opportunity into reality. Many insurgents seeking to abandon the conflict distrusted formal government institutions and feared immediate execution or imprisonment. Insider mediators became the first point of contact.
They reassured frightened fighters that surrender pathways existed, explained rehabilitation programmes, communicated with military authorities and community leaders, and helped facilitate safe movement from insurgent-controlled territories to designated reception centres. Without these trusted intermediaries, the report suggests, many potential defectors might never have taken the first step toward disengagement. In this sense, insider mediators became the human bridge between years of violent insurgency and emerging opportunities for rehabilitation and reintegration.
Protecting the Bridge-Builders
The report concludes that if governments across West Africa hope to move beyond perpetual military confrontation toward sustainable peace, they must provide greater institutional support for insider mediators.
Foremost among its recommendations is the establishment of clear legal frameworks that recognise verified mediators operating for humanitarian purposes. Such protections, the author argue, would reduce the risk of arbitrary arrest or prosecution under counter-terrorism legislation while preserving accountability.
The study also calls on regional organisations and international peacebuilding partners to establish dedicated duty-of-care mechanisms, including emergency security assistance, psychosocial support and evacuation arrangements for mediators facing credible threats. Given the psychological burden associated with prolonged engagement in conflict environments, the report argues that mental health support should become an integral component of mediation programmes rather than an afterthought.
The report ultimately presents insider mediators as one of the least visible yet most indispensable pillars of conflict resolution in the Sahel and the Lake Chad Basin. They receive little public recognition, enjoy few institutional protections and often operate without formal legal safeguards. Yet they continue to facilitate hostage releases, humanitarian access, civilian evacuations, local ceasefires and pathways for surrender in places where official diplomacy cannot reach. Their work demonstrates that while military operations remain essential in degrading terrorist capabilities, lasting peace is seldom achieved through force alone. It also depends on trusted local relationships, cultural legitimacy and the courage of individuals willing to engage where others cannot.
As governments refine their counter-insurgency strategies across the region, the report argues that protecting these “bridge-builders” is not merely a humanitarian obligation but a strategic necessity. Without them, opportunities for dialogue, disengagement and civilian protection may diminish, leaving military victories without the social foundations needed to secure enduring peace.
Caught Between Terrorists and the State: How Insider Mediators Face the Greatest Risks in the Sahel and Lake Chad Basin
Features/Analysis
My Binoculars: What has Remi Tinubu got to do with Akara, Kulikuli, Boli, Dodo and Ekpa
My Binoculars: What has Remi Tinubu got to do with Akara, Kulikuli, Boli, Dodo and Ekpa
By: Bodunrin Kayode
There are three types of community enterprises that can never fail in Nigeria if residents know how to utilize them for life. Theses are food vending, washing of clothes and hair cutting businesses. These have stood the tests of time over the years because of its relevance in the daily lives of residents in the country. Services rendered around these local enterprises have generated a lot of resources in the non real sector making it a shining avenue for tax hunters to begin to look around to generate revenue. Nobody does food business like “Akara” production in Nigeria and regrets regardless of his or her source of fuel to produce the food stuffs in question.
It is with this background that I don’t see anything offensive in the suggestion of the first lady of Nigeria Senator Remi Tinubu urging young idle people to take Akara production which is a very common food stuff to the next level. Akara frying has always hidden in the non real sector of the economy but it can be taken to the next level for even export if food scientists can research further on how to expand its lifespan without too much preservatives.
For as long as there is life in the body of a young person, he or she can never become a liability to his family, if he takes to food business early in life. And when I talk of Nigerian food I am talking about varieties which includes heavy African cuisine like “foofoo” or light snacks such as “Akara” which can be found in any corner of West Africa and even Nigeria. Akara is made from African beans which makes it the cream of all snacks in the region because of its high protein contents.
In my opinion akara has always been a life saving snack delicacy which started from South West Nigeria and has now spread to all the crannies of the country. It is both a physical and a spiritual food in most parts of the country that modern genzee’s have turned it into several flavors inserting all manner of spices into the processed beans to bring about exciting results. Some people wrongly contextualize it as a cake but I don’t think it qualifies to be a cake other than the light snack it has been since the beginning of time. Akara is fried and not baked like cakes. It is also an African delicacy as such we don’t need to give it a foreign label. It will always remain our light snack. Mark you Akara business is a very honorable business like any other snack enjoyed by both the genzee’s and the rest of us. It has existed long before Remi Tinubu was born and will outlive her if Jesus doesn’t return before the end of contemporary times.
I have watched the online space sadly as a lot of confused genzees make uninformed derogatory comments about Akara business as if it is beneath them. They make it look as if Akara production cannot be taken to the next level by transforming it from a petty trading business to a small scale business. And when it becomes a small scale business, it can be used to feed hundreds of people in form of breakfast in a food bank. Madam Tinubu obviously knows what she is doing as a home management strategist. This is because Akara business will become a major support in her national community food bank program meant to feed the poorest of the poor. This is a program meant to combat child malnutrition and food insecurity in Nigeria. Akara also called kosai in some parts of the north of Nigeria targets vulnerable households, children under six years and pregnant women to at least have a semi balanced diet in the country every morning. With Akara of five hundred naira and corn “pap”, hundreds of families that go hungry in the morning utilizing the 011 system will now have breakfast of less than 1000 naira daily per child. So why look down on such a wonderful delicacy when it can bring money into the hands of many young girls who believe in using what they have to get what they want in the name of “runs” or organized office prostitution for the highest bidder.
But out of experience in living in this world, I know that there is nothing wrong with that kind of enterprise because a lot of people were raised in their homes by food vendors and they are proud to say it anywhere they go that it was due to the Akara, aadun or dundun snack their mum sold that made them to acquire Western education today. Hundreds are standing on their two legs today because they took Akara or even Boli and cooked beans to the next level. There is nothing demeaning in her suggestions that even the jobless can take to cooking. Afterwards Hilda Baci who has a world record in cooking did not make it big in just a day. She started at a very low level and proceeded to the level she found herself now. People now consult her to cook for them as a consultant.
Young people can always make it big from starting Akara business in a small way. And this to me is why the recent suggestion that the poorest of the poor should resolve to mini income generating ventures like Akara production is never an absurd suggestion. Only sick minds will find something wrong in this by my opinion.
My Binoculars: What has Remi Tinubu got to do with Akara, Kulikuli, Boli, Dodo and Ekpa
Features/Analysis
Kashim Shettima: The Imperative of Agricultural Revitalization and the Case for the Niger Delta’s Agrarian Future
Kashim Shettima: The Imperative of Agricultural Revitalization and the Case for the Niger Delta’s Agrarian Future
By: Dr. James Bwala
The Vice President of Nigeria, Kashim Shettima, has declared open the Niger Delta Agricultural Development and Investment Summit, co-convened by his office and the Niger Delta Development Commission (NDDC). This event marks a decisive step toward rekindling the agricultural heritage of the Niger Delta, anchored by the launch of the $500 million Niger Delta Agricultural Investment Fund.
Kashim Shettima’s eloquent remarks as they reverberated through the crowd pointed out that while nations rely on a variety of resources, their endurance hinges on their capacity to feed themselves. His assertion that agriculture serves as both the foundation of civilization and the foremost guarantor of political stability forms a compelling argument for an urgent and strategic investment in this sector.

The call for agricultural revitalization in the Niger Delta, emphasizing its critical role in national stability, economic diversification, and sustainable development, speaks volumes of the impact of the Tinubu and Kashim Shettima administrations in this sector. The VP’s message can better be appreciated through the lens of history and economic identity. Prior to the discovery of oil, Nigeria’s economy was fundamentally agrarian. The fertile soils of regions like the Niger Delta were the backbone of local livelihoods and a vital source of revenue. Agriculture provided employment for the majority and supplied food both for domestic consumption and export. Yet, decades of oil dominance have shifted national focus and investment away from agriculture to the detriment of the sector and overall economic resilience.
This shift has had profound consequences. Dependency on oil exports has rendered Nigeria vulnerable to volatile global oil prices and external shocks, leading to economic instability. Adding to this is the neglect of agriculture. This has exacerbated rural poverty, especially in the Niger Delta regions, where environmental degradation and limited economic diversification have compounded socio-economic challenges. The vice president’s emphasis on reinvigorating agriculture is therefore not only a nod to history but also an urgent strategy to reclaim sustainability and inclusive prosperity.

One of the most persuasive points made by Vice President Shettima is the intrinsic link between agriculture and political stability. Agriculture provides food security, which is foundational to societal peace. When a nation struggles to feed its population, social unrest, economic disparity, and political volatility often follow. In contrast, countries that maintain a robust agricultural base tend to enjoy greater internal peace and cohesion because their citizens’ basic needs Countries with a strong agricultural base tend to experience greater internal peace and cohesion, as they meet their citizens’ basic needs..
In the context of the Niger Delta, a region that has experienced significant unrest and militancy largely due to economic marginalization and environmental degradation, leveraging agriculture can act as a transformative stabilizing force. By creating jobs, improving incomes, and enhancing food self-sufficiency, agricultural development can reduce desperation and conflict drivers. It offers a tangible pathway for empowerment and reconciliation, fostering a positive cycle of peace and progress.

Shettima pointed out that Nigeria’s over-reliance on oil is widely recognized as a central challenge to long-term economic sustainability. The global energy transition and fluctuating oil markets make diversification imperative. Agriculture, with its extensive value chains spanning production, processing, marketing, and export, presents a promising avenue for economic diversification.
The $500 million Niger Delta Agricultural Investment Fund represents a bold commitment to capitalize on the region’s natural endowments. Strategic investment in modern farming techniques, infrastructure, agribusiness, and market access will unlock vast opportunities. It will stimulate rural economies, expand the industrial base, and create resilience against external shocks. Moreover, integrating agriculture with technology and innovation can position Nigeria as a competitive player in global agricultural markets.

The Niger Delta has suffered ecological harm from decades of oil exploration, including pollution and land degradation. These environmental issues have compromised agricultural productivity and public health. Consequently, a renewed agricultural focus must also embrace environmental restoration and climate adaptation strategies.
Investing in sustainable farming methods, soil rehabilitation, and water management will restore the land’s fertility and mitigate adverse environmental impacts. Furthermore, agriculture can play a vital role in climate change mitigation through carbon sequestration and biodiversity conservation. Thus, the agricultural revitalization agenda aligns with Nigeria’s broader commitments to environmental stewardship and sustainable development goals.
For the vision articulated by Vice President Shettima to materialize, coordinated action and steadfast commitment from all stakeholders are indispensable. The government must provide enabling policies, facilitate access to finance, improve rural infrastructure, and support farmer education and research. Equally, private sector participation and community engagement will be critical in ensuring the fund translates into meaningful ground-level outcomes.

Public-private partnerships can accelerate technology transfer and market integration, while local communities’ involvement ensures culturally sensitive and inclusive development practices. Transparency and accountability in fund management will safeguard the initiative’s efficacy and public trust.
The Niger Delta Agricultural Development and Investment Summit, and the historic launch of the $500 million Agricultural Investment Fund, represent a moment in Nigeria’s quest for sustainable development. Vice President Kashim Shettima’s insightful declaration highlights the unassailable importance of agriculture as the bedrock of civilization, political stability, and economic resilience. For a nation whose foundations were rooted in agrarian prosperity before oil, the time to rekindle that legacy is now.
The Niger Delta, endowed with rich soils and a hardworking populace, can lead Nigeria’s agricultural renaissance. Through deliberate investment, environmental restoration, and strategic partnerships, the region can emerge stronger, more stable, and more prosperous. Embracing agriculture not as a fallback but as a frontline driver of national progress is not merely an option—it is an imperative for the enduring well-being of Nigeria and its people. The Niger Delta Agricultural Development and Investment Summit symbolizes hope and determination, signaling that Nigeria will no longer take its agricultural promise for granted but will harness it fully to feed its future.
James Bwala, PhD, writes from Abuja.
Kashim Shettima: The Imperative of Agricultural Revitalization and the Case for the Niger Delta’s Agrarian Future
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