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UNIFEMGA identifies problems confronting Nigeria’s agricultural sector, proffers solutions

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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

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Chadian security forces recover cache of arms, arrest suspects in N’Djamena

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Chadian security forces recover cache of arms, arrest suspects in N’Djamena

By: Zagazola Makama

Chadian security forces on Sunday recovered a large cache of weapons and ammunition during a joint search operation in parts of the capital, N’Djamena, as part of intensified efforts to combat insecurity.

Sources Zagazola Makama that the operation was carried out in the 10th arrondissement and parts of the 2nd arrondissement of the city.

According to the sources, the joint team of internal security forces seized 28 pistols, 14 other firearms, and more than 1,000 rounds of assorted ammunition during the raid.

They also recovered military equipment and six vehicles suspected to be linked to criminal activities.

“Two gun owners were arrested during the operation and are currently in custody for further investigation,” a senior security official said.

He explained that the exercise was conducted under the supervision of top security authorities and formed part of broader measures to dismantle criminal networks and curb the proliferation of illegal arms in the capital.

The official added that the recovery of the weapons had significantly disrupted the operations of armed groups and criminal elements in the affected districts.

He reaffirmed the commitment of the Chadian security services to sustaining pressure on all groups involved in arms trafficking, banditry and other threats to public safety.

“The security forces will continue intelligence-led operations to ensure the safety of lives and property across the country,” he said.

Chadian security forces recover cache of arms, arrest suspects in N’Djamena

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VP Shettima Arrives In Switzerland For 56th World Economic Forum

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VP Shettima Arrives In Switzerland For 56th World Economic Forum

To Commission Nigerian House in Davos Tomorrow

By: Our Reporter

Vice President Kashim Shettima has arrived in the alpine town of Davos, Switzerland, to lead the Nigerian delegation at the 56th Annual Meeting of the World Economic Forum (WEF), scheduled to be held from January 19 to 23, 2026.

The Vice President arrived from Conakry, Guinea, where he represented President Bola Ahmed Tinubu at the presidential inauguration of President Mamadi Doumbouya on Saturday.

He was received on arrival by the Ministers of Foreign Affairs, Amb. Yussuf Tuggar, and Trade and Investment, Dr Jumoke Oduwole, and officials of the Nigerian mission in Switzerland.

The 2026 WEF marks a milestone in Nigeria’s global economic diplomacy with the official debut of “Nigeria House Davos.” For the first time, the Federal Government has established a dedicated sovereign pavilion on the Davos Promenade.

This facility, a product of a successful Public-Private Partnership (PPP), will serve as a permanent hub for high-level ministerial engagements, investment roundtables, and cultural diplomacy throughout the week.

Vice President Shettima will present Nigeria’s 2026 economic outlook to the world’s most influential political and business leaders, as he participates in key plenary sessions focusing on the responsible deployment of Artificial Intelligence (AI), quantum computing, and biotechnology.

Throughout the week, the Vice President will hold bilateral meetings with heads of state, top executives from multinational corporations, and leaders of international development finance institutions to deepen partnerships that align with the Renewed Hope Agenda of the administration of President Bola Ahmed Tinubu.

In an interview with journalists shortly after the VP’s arrival, Minister of Industry, Trade and Investment, Dr Jumoke Oduwole said Nigeria would makena robust presentation of investment opportunities in the country at the launch of the Nigeria House in Davos which will focus on President Tinubu’s efforts in revamping the economy.

According to the Minister, “we will be showcasing four playbooks on President Tinubu’s efforts in re-engineering the Nigerian economy. We will present our solid minerals sector, climate sustainability agriculture, creative and digital sectors to investors from all over the world.”

VP Shettima Arrives In Switzerland For 56th World Economic Forum

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CDN Backs Federal Government’s U.S. Lobby Contract, Calls It Strategic Security Move

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CDN Backs Federal Government’s U.S. Lobby Contract, Calls It Strategic Security Move

By: Michael Mike

The Coalition in Defence of Nigeria (CDN) has publicly supported the Federal Government’s decision to engage a United States-based lobbying firm over allegations of Christian genocide in Nigeria, describing the move as a strategic step toward strengthening the nation’s security and international relations.

In a statement released on Sunday in Abuja, the coalition insisted that the engagement of the lobby firm is not merely a public relations exercise but a deliberate investment in Nigeria’s long-term stability and global credibility.

The National Publicity Secretary of CDN, Mallam Isa Shehu, said Nigeria is currently grappling with serious security challenges such as terrorism, insurgency, banditry, kidnapping, and organized crime. He noted that these threats extend beyond Nigeria’s borders and are often connected to international networks involved in arms trafficking, extremist financing, and cybercrime.

Shehu argued that hiring a reputable U.S. lobbying firm would help Nigeria build stronger partnerships with foreign governments, particularly in areas of intelligence sharing, counter-terrorism collaboration, and technical support for security agencies.

He further explained that the move would ensure that Nigeria’s security concerns receive greater attention in Washington and other global decision-making centres, reinforcing the government’s commitment to protecting lives and restoring peace across the country.

The coalition stressed that tackling insecurity requires collective effort, not just government action. It called on civil society groups, business leaders, political actors, and ordinary citizens to play their roles in promoting national unity and security.

While acknowledging that the lobby contract alone cannot solve Nigeria’s security problems, the CDN maintained that it is a valuable diplomatic tool that could strengthen the country’s position on the global stage.

The group urged Nigerians to support the Federal Government’s decision, saying the issue is not political but essential for national survival and development.

The CDN concluded by reaffirming its full backing for the initiative and calling for nationwide solidarity in the fight against insecurity.

CDN Backs Federal Government’s U.S. Lobby Contract, Calls It Strategic Security Move

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