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UNIFEMGA identifies problems confronting Nigeria’s agricultural sector, proffers solutions
UNIFEMGA identifies problems confronting Nigeria’s agricultural sector, proffers solutions
By: Michael Mike
For Nigeria to get on the right trajectory to agricultural development and food sustainability, she needs to overcome the challenges of limited finance, high cost of power generation, limited storage facilities, inadequate market information, among others.
These challenges were identified by Obafemi Awolowo University Muslim Graduates Association (UNIFEMGA) at a one-day third agricultural conference organised by the Ogun state Chapter of the association in Abeokuta.
it was resolved that to get it right as a country, all the factors listed must be adhered to.
At the Conference, whose theme is: Agricultural Entrepreneurship and Development: Access to finance and funding opportunities”, it was resolved that to get it right as a country, all the factors listed must be adhered to.
UNIFEMGA noted with concern that corruption has been the main factor affecting the Nigerian economy and until it is vigorously tackled, the country will not make any progress, while adding that interventions and aids which could have helped the sector only come as crash programme and never consistent.
According to the foremost Muslim Alumni, natural occurrences such as flood which could lead to famine must also be taken into consideration for Nigeria to move forward in the agricultural sector.
In the communique issued at the meeting, also identified national insecurity and mistrust, banditry, kidnapping for ransom, the Boko Haram insurgence were recognized as some of the factors responsible for the reluctance of financial institutions to provide credit for agriculture venture as it poses a great financial risk and therefore attracts high interest rate that is mostly unaffordable to agriculture entrepreneurs.
The communique read: “Corruption is the bane of our economy and until we drive it out from all the sectors of the economy, we are going nowhere as a nation. The challenges confronting Nigeria as a nation among others are lack of modernisation/mechanisation, market volatility, limited finance, tax and duties laced with inconsistencies by government, high cost of power generation.
“Project interventions and aids come as crash programme and is not consistent. Natural phenomena are very difficult to cope with and manage because of the negativities such as flood which wash away farm settlements and which may result in famine. So also is national insecurity and mistrust, banditry, kidnapping, Boko Haram insurgence, etc.
“The presence of these challenges are responsible for the reluctance of financial institutions to provide credit for agriculture venture as it poses a great financial risk and therefore attracts high interest rate that is mostly unaffordable to agriculture entrepreneurs. With less than 5% of banks’ credit granted to the sector, finance from traditional banks remains a major challenge to agriculture development in Nigeria.
“In order to bridge the gap within the agriculture credit market, financial institutions like Lotus Bank has a critical role to play by developing areas around the value chain through product financing, financing of farm inputs, financial advisory and financial literacy. Financial institutions must understand that whatever financing option to adopt must be mutually beneficial,” the Communique added.
The conference advised entrepreneurs to take advantage of Lotus Bank, where there are financing for the purchase of inputs for crop production such as seedlings/seeds, fertilisers, insecticides, manual sprayers, for the acquisition of farm machinery, of working capital needs through forward purchase of agriculture produce, for infrastructure development such as farm house and warehouse as well as equity partnership on agriculture venture.
While calling on those who want to embrace agriculture as business to have sound knowledge of the sector through mentorship and research, he urged government and policy makers to show sincerity of purpose in addressing the multiple challenges facing the Nigerian economy so that people are encouraged to put in their best.
“Government policy must not be anti- people and innovation as we have in most situation in Nigeria where upcoming local business are brutally killed by multiple unexplained heavy financial demands from government agencies.”
Participants at the conference include the former minister of Agriculture, Alhaji Najeemdeen Adewale, UNIFEMGA BOT Chairman, Alhaji Rafiu Ebiti, Prof. Sabur Adesanya, former Olabisi Onabanjo University Vice Chancellor and chairman of the occasion as well as National President of UNIFEMGA, Alhaji Abdulfattah Olanlege.
Others were the duo of the guest speakers ,Alhaja Kafilat Araoye , MD/CEO of Lotus Bank, Prof. Jimoh Farinde from OAU Ile-Ife, Mr Tairu Olarenwaju, the chairman of UNIFEMGA Ogun state,representatives of various chapters of UNIFEMGA, other stakeholders in agricultural business, among several others.
UNIFEMGA identifies problems confronting Nigeria’s agricultural sector, proffers solutions
News
Troops receive rescued kidnap victims, arrest suspected gunrunner in Cross River
Troops receive rescued kidnap victims, arrest suspected gunrunner in Cross River
By: Zagazola Makama
Troops of 82 Division/Joint Task Force South-East, Operation UDO KA (OPUK), have received eight rescued kidnap victims from the Cameroonian Armed Forces and arrested a suspected gunrunner in Cross River State, the Nigerian Army has said.
Sources told Zagazola Makama development is contained in a security update on activities in the Area of Responsibility (AOR) of the formation as at Jan. 20.
According to the sources troops of 13 Brigade, deployed on patrol along the Ikang waterways, received the eight victims at about 6:16 p.m. on Jan. 18 at the Pastors Fishing Port general area.
The sources said the victims, who were travelling from Nigeria to Cameroon, were kidnapped by suspected sea pirates along the Cameroon waterways but were later rescued by the Cameroonian Armed Forces after a gun battle with the criminals.
“The rescued victims were conveyed to the troops’ Forward Operating Base (FOB), where they were debriefed and subsequently released,” the sourcss said.
In a related development, troops of 13 Brigade, based on credible intelligence, arrested a suspected gunrunner at Abi Local Government Area of Cross River State at about 8:00 a.m. on Jan. 20.
The suspect, identified as Mr Ojo Friday, was apprehended with a total of 245 ammunition cartridges.
The army said the suspect is from Ochon in Obubra Local Government Area of Cross River State but resides at Abomege in Ebonyi State.
“The suspect and recovered items are currently in custody for preliminary investigation,” the sources added.
The military high command reaffirmed its commitment to sustaining operations to curb criminal activities and ensure the safety of lives and property across the region.
Troops receive rescued kidnap victims, arrest suspected gunrunner in Cross River
News
Bandits kill two, abduct one in Niger community
Bandits kill two, abduct one in Niger community
By: Zagazola Makama
Armed bandits have killed two persons and abducted another in Kachiwe community, Munya Local Government Area of Niger State, the police have said.
Sources said the attack occurred at about 3:30 a.m. on Jan. 20.
According to eye witnesses, the bandits invaded Kachiwe community in large numbers, shot and killed Ango Abdulkarim, 25, and Abdulkarim Isah, 54, and abducted one Meyaku Ibrahim, 28.
All the victims are Fulani by tribe and residents of Kachiwe community.
“On receipt of the information at about 9:30 a.m., Army troops supported by Police and vigilantes, were swiftly deployed to the scene,” the sources said.
The sources added that by the time the teams arrived, the bandits had fled.
“However, the two corpses were recovered and, on the request of their relatives, handed over for burial,” the sources said.
The security sources said efforts were ongoing through intelligence gathering and monitoring to arrest the perpetrators and rescue the abducted victim.
Bandits kill two, abduct one in Niger community
News
NDLEA Arrests 77,792 Suspects, Secures 14,225 Convictions in Five Years
NDLEA Arrests 77,792 Suspects, Secures 14,225 Convictions in Five Years
By: Michael Mike
The National Drug Law Enforcement Agency (NDLEA) on Tuesday said it has arrested 77,792 suspected drug offenders and secured 14,225 convictions over the past five years, as part of its intensified campaign against illicit drug trafficking in Nigeria.
The Chairman and Chief Executive Officer of the agency, Brig. Gen. Buba Marwa (Rtd), disclosed this in Abuja during the 11th Chairman/Chief Executive Officer (CCEO) Awards and Commendation Ceremony held at the NDLEA national headquarters.

Marwa also revealed that the agency seized more than 14.8 million kilogrammes of illicit substances within the said period, describing the achievement as a major blow to both local and international drug cartels operating in the country.
According to him, 128 major drug barons were among those arrested, noting that their capture had significantly weakened criminal trafficking networks.
He stated that beyond enforcement, the NDLEA had also prioritised rehabilitation and prevention, with over 32,000 drug users receiving professional treatment and counselling. Additionally, the agency conducted more than 13,700 sensitisation programmes under its War Against Drug Abuse (WADA) campaign across schools, markets, workplaces, religious centres, and communities nationwide.
Marwa praised President Bola Tinubu for renewing his mandate, describing it as a strong endorsement of the agency’s work.
He pledged to escalate the fight against drug trafficking during his second tenure, with more intelligence-driven and tactical operations
He said: “We will not rest until every drug baron is behind bars and every illicit substance is removed from our streets.”
At the ceremony, 166 NDLEA officers and 17 state commands were honoured for exceptional performance, bravery, and commitment to duty.

Marwa commended the judiciary, security agencies, international partners, civil society groups, and the media for their support in the fight against drug abuse and trafficking in Nigeria.
The NDLEA boss urged officers to remain diligent, disciplined, and proactive, stressing that the agency would continue to strengthen its operations to protect Nigerian youths from the dangers of illicit drugs.
NDLEA Arrests 77,792 Suspects, Secures 14,225 Convictions in Five Years
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