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TINUBU ADMINISTRATION MOBILIZES HALF A BILLION DOLLARS FOR NIGERIA’SFOOD SYSTEM TRANSFORMATION – VP SHETTIMA

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TINUBU ADMINISTRATION MOBILIZES HALF A BILLION DOLLARS FOR NIGERIA’S
FOOD SYSTEM TRANSFORMATION – VP SHETTIMA

By: Our Reporter

Nigeria has mobilized over half a billion dollars for innovative, profitable, equitable and sustainable food systems transformation initiative, according to the Vice President, Sen. Kashim Shettima.

The Vice President made the disclosure while chairing a high-level meeting on the first day of the UN Food Systems Summit declared open in Rome, Italy by the United Nations Secretary General, Antonio Guteress.

Vice President Kashim Shettima said the funds were mobilised “through domestic resources, multilateral development banks, international financial institutions, climate funds leading agro-businesses,” and would be used for “Innovation finance for food system transformation; development of Nigeria’s agro value chain and Special Agro-Industrial Processing Zones programmes.”

Explaining further, Sen. Shettima said “in this event, the Government of Nigeria will be showcasing its Value Chain Development Programme (VCDP) as a unique example of a successful partnership between producers, the public sector and private operators.”

“The VCDP which is co-funded by the of Nigeria and IFAD has empowered vulnerable farmers and youth to engage into commercial partnerships with some of the biggest food processing and marketing firms in the world such as OLAM, a world leading agri-business company operating in over 60 countries with an annual revenue of about $39.8 billion,” the Vice President added.

Stating the government’s vision about ending hunger, the VP added that “building on the success of the VCDP, the Federal Government is determined to capacitate Nigeria’s rural smallholders and operators, youth and women living below the poverty line to take advantage of the new Special Processing Zones.”

On the Special Agro-Industrial Processing Zones (SAPZ), Vice President Shettima said it “brings together local governments, IFAD, AfDB, IsDB, GCF, OLAM and other private actors alongside the government of Nigeria for transformative financing of food systems that leaves no-one behind.”

While featuring in the panel discussion with the Prime Minister of Somalia, Hassan Sheikh Mohamud; Deputy President of Kenya, Rigathi Gachagua; and Prime Minister of Niger Republic, Ouhoudou Mahamadou, the VP said President Tinubu “is determined to transform the concept and meaning of modern governance” by demonstrating commitment towards the food system in the country.

According to him, “President Tinubu hit the ground running from day one of his administration, which is barely two months in office, and has therefore declared state of emergency in food security and took it as a livelihood item within the National Security Council.”

On removing impediments to economic recovery, he said “we had two albatrosses around our necks: subsidy on petrol and multiple exchange rates system.

“We withdrew the subsidy on petrol from day one, just like President Ruto did in Kenya. To mitigate the effects of the subsidy removal, the government embarked on the immediate release of grains and fertilizers.

“A commodity marketing board has been put in place to continuously review and monitor the prices of food items.”

“Along this way, the President has already approved the infusion of huge quantum of funds towards repositioning of our security architecture because we have similar problems with Somalia and Kenya, especially in the northeast and northwest regions of the country. We are repositioning our security architecture to provide support for farms and farmers.”

In attendance were the President of IFAD, Dr. Alvaro Lario, H.E. Muhammad Suleiman Al Jasser, President of Islamic Development Bank (IsDB), Vice President of AfDB, Mrs. Hassatau N’Sele, Vice President of OLAM International Mr. Reji George and Vice President, Commodity Aaliance Forum (Representative of farmers) Mrs Ejim Lovelyn.

Declaring the Summit open, the United Nations Secretary General, Antonio Guteress commended the participating countries for their commitment to addressing the problems of hunger and malnutrition.

“This is the gathering about food system. It is essentially to fulfill those basic of human rights – the right to food. It is outrageous that people continue to suffer in the world of plenty,” the UN scribe stated.

The Vice President also had bilateral meeting with the Italian Prime Minister, Giorgia Meloni. Both leaders discussed issues about the development of the two countries.

The Vice President was accompanied to the meeting by Nigeria’s Ambassador to Italy, Mfawa Abam and the Deputy Chief of Staff to the President, Sen. Ibrahim Hadejia, and other senior government officials.

TINUBU ADMINISTRATION MOBILIZES HALF A BILLION DOLLARS FOR NIGERIA’S
FOOD SYSTEM TRANSFORMATION – VP SHETTIMA

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Nigeria, South Korea Deepen Cooperation in Creative Industry with K-pop-Afrobeat Collaborative Album Underway

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Nigeria, South Korea Deepen Cooperation in Creative Industry with K-pop-Afrobeat Collaborative Album Underway

By: Michael Mike

A collaboration between Afrobeat and K-pop is underway as Nigeria and South Korea deepens cooperation in the creative economy, using music as a bridge.

Artistes and producers from both countries staged a landmark Afrobeats–K-pop collaboration in Abuja with the plan to roll out a musical experiment of fusion of both afrobeat and K-pop.

The live production concert, tagged “K Music Production x Afrobeats,” was hosted by the Korean Cultural Center in Nigeria (KCCN) and brought together Korean vocal coach Seo Yena, music producer and composer Lee Haneung, and Nigerian Afrobeats artiste FirstKlaz for a joint recording and live performance.

The event underscored growing cultural diplomacy between both countries and highlighted the expanding global influence of Afrobeats, which has increasingly shaped contemporary pop sounds across Asia, Europe and North America.

Seo Yena said her journey into Afrobeats began in 2024 when she visited Nigeria as a vocal instructor under a KCCN programme, an experience she described as transformative.

“That was my first real contact with Nigerian music,” she said. “Working with Nigerian singers made me curious about Afrobeats, so I started researching it and thinking about how to connect it authentically with Korean music.”

She explained that the collaboration deliberately blended the relaxed groove and rhythmic flow of Afrobeats with the structured vocal delivery and powerful climaxes typical of K-pop.

“Afrobeats has a calm, flowing feel, while Korean pop focuses on clarity and emotional intensity. The idea was not to overpower one with the other, but to allow both identities to shine,” she said.

Producer Lee Haneung described the partnership as a significant creative challenge and a step toward building a more balanced global music ecosystem.

“Afrobeats is now a major force in world music, and its influence is already present in K-pop,” he said. “But too often it feels like borrowing. I wanted to understand Afrobeats from its source and create something sincere that respects both cultures.”

Nigerian artiste FirstKlaz said he welcomed the collaboration because of his long-standing interest in Korean music, adding that the creative process was seamless.

“I love K-pop, so when I got the invitation, I was excited,” he said. “The studio sessions were full of pure energy. I wrote and sang my parts, and the collaboration felt natural.”

Although a release date has not yet been announced, KCCN confirmed that the collaborative track is being prepared for commercial release and forms part of a broader plan to deepen partnerships between Korean producers and Nigerian artistes.

The Centre said the initiative aligns with efforts by both countries to grow their creative industries, promote cultural exchange and position music as a viable driver of youth employment, innovation and global engagement.

As Afrobeats continues to gain traction worldwide and K-pop expands its global reach, the Abuja collaboration signals a new chapter of cross-continental creativity—one rooted not in imitation, but in mutual respect and shared artistic growth.

Nigeria, South Korea Deepen Cooperation in Creative Industry with K-pop-Afrobeat Collaborative Album Underway

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FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises

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FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises

By: Michael Mike

The Federal Government is set to tighten oversight and raise performance standards across its portfolio of state-owned enterprises with the launch of the MOFI Excellence Awards, a new accountability-driven initiative scheduled for the second quarter of 2026.

The awards, to be introduced by the Ministry of Finance Incorporated (MOFI), are aimed at institutionalising transparency, discipline and measurable performance in Federal Government-owned enterprises, marking a shift from discretionary oversight to structured, benchmarked governance.

MOFI said the initiative is part of broader reforms aligned with President Bola Ahmed Tinubu’s economic agenda, which seeks to improve fiscal discipline, unlock value from public assets and reduce the burden of inefficient enterprises on the national treasury.

At the core of the process is the MOFI Corporate Governance Scorecard, launched in April 2025, which now serves as a standardised tool for assessing Boards and management teams against international best practices in transparency, risk management and compliance.

An independent technical panel, inaugurated in December 2025 by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will conduct the assessments. Portfolio companies will be evaluated using strict criteria, including regulatory compliance, Board effectiveness, financial controls and sectoral impact.

According to MOFI, the awards are not intended as ceremonial recognition but as a mechanism to drive behavioural change across public enterprises by linking governance quality to reputational standing and future oversight.

“The MOFI Excellence Awards represent a structural reset in the way public enterprises are managed,” the Ministry said in a statement. “Transparency is no longer optional, compliance is measurable, and performance outcomes are central to fiscal responsibility.”

Institutions that emerge as top performers will be recognised for demonstrating strong governance culture, operational discipline and accountability, while underperforming entities are expected to face closer scrutiny and corrective interventions.

MOFI said the initiative will also provide policymakers with clearer data on enterprise performance, enabling more informed decisions on restructuring, capital allocation and potential private-sector participation.

Analysts say the move could signal a turning point in public enterprise management, particularly if the scorecard and awards framework is consistently applied and tied to consequences.

Further details on the awards and governance framework are available on MOFI’s official website, www.mofi.com.ng.

FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises

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$1bn Poultry Mega Project to Drive Food Security, Jobs Hit Homestead as Pilot Begins in Three States

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$1bn Poultry Mega Project to Drive Food Security, Jobs Hit Homestead as Pilot Begins in Three States

By: Michael Mike

Nigeria’s push to strengthen food security and cut dependence on poultry imports is set to gain fresh momentum as the $1 billion National Integrated Poultry Project moves into its pilot phase in Enugu, Kaduna and Oyo states.

The project, driven under the Nigeria–China Strategic Partnership (NCSP), is designed as one of the most ambitious agricultural investments in the country’s history, targeting large-scale egg and meat production, expanded feed cultivation and direct support for local farmers.

Director-General and Global Liaison of the NCSP, Joseph Tegbe, announced the take-off of the pilot phase at the weekend during the Chinese New Year Temple Fair in Abuja, held to mark the 55th anniversary of diplomatic relations between Nigeria and China.

According to Tegbe, the initiative is structured to go beyond commercial farming. When fully operational, it is expected to produce about six million eggs daily, house more than seven million laying birds and over two million broilers, while supporting the cultivation of more than 60,000 hectares of maize and soybeans for feed.

He said the scale of the project positions it as a game-changer for Nigeria’s poultry value chain, with direct implications for employment, farmer incomes and food affordability.

“This is not just a farming project. It is a strategic intervention to stabilise food supply, create jobs across the value chain and restore dignity to agricultural livelihoods,” Tegbe said.

A key component of the initiative, he explained, is the provision of subsidised feedstock, which will not only serve the integrated farms but also support existing poultry farmers who have been hit by rising feed costs.

Beyond agriculture, Tegbe highlighted parallel Nigeria–China collaboration in heavy industry, particularly the planned revitalisation of the Ajaokuta Steel Complex. He said renewed operations at Ajaokuta are projected to yield up to 10 million metric tonnes of steel annually, potentially reshaping Nigeria’s industrial landscape.

“A functional Ajaokuta will power manufacturing, unlock jobs and reposition Nigeria as an industrial force in Africa,” he said, adding that the government is determined to translate long-standing plans into measurable economic outcomes.

On human capital development, Tegbe noted that educational and knowledge-exchange programmes between Nigeria and China are expanding, with more scholarships, joint research initiatives and industrial parks in the pipeline to support technology transfer and innovation.

China’s Chargé d’Affaires to Nigeria, Zhou Hongyou, said the poultry project and other joint initiatives reflect the maturity of bilateral relations built over 55 years. He described the Year of the Horse—under which the celebration falls—as symbolic of hard work, perseverance and progress, values he said mirror the trajectory of Nigeria–China cooperation.

Also speaking, Director of the China Cultural Center in Nigeria, Yang Jianxing, described the growing partnership as one rooted in mutual trust and shared development, stressing that cooperation must continue to deliver concrete benefits for ordinary Nigerians.

The anniversary celebration featured cultural performances, exhibitions and a showcase of Chinese traditions, underscoring the people-to-people dimension of the Nigeria–China relationship as both countries pursue deeper economic and cultural ties.

$1bn Poultry Mega Project to Drive Food Security, Jobs Hit Homestead as Pilot Begins in Three States

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