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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 ambush terrorists along Marte–Dikwa road, recover logistics in Borno
Troops ambush terrorists along Marte–Dikwa road, recover logistics in Borno
By: Zagazola Makama
Troops of Operation Hadin Kai have successfully ambushed Boko Haram/ISWAP terrorists along the Marte–Dikwa axis of Borno, forcing them to flee and abandoning logistics items.
A military source said the operation was conducted in the early hours of Thursday by a combined team of 50 Task Force Battalion/24 Task Force Brigade and 134 Special Forces Battalion, supported by volunteer forces.
The source disclosed that the troops, who had laid in wait at Momoh village along the Marte–Dikwa road, made contact with the insurgents moving on bicycles at about 12:45 a.m.
“On sighting the terrorists, the troops engaged them decisively, compelling them to retreat in disarray,” the source said.
He added that troops immediately carried out exploitation of the general area, leading to the recovery of eight bicycles believed to have been used by the insurgents for mobility, as well as some beverages suspected to be part of their logistics supply.
The Marte–Dikwa axis has remained a critical corridor in counter-insurgency operations, with sustained military pressure limiting the activities of insurgents in the area.
The source reaffirmed the commitment of troops to sustain aggressive operations to deny terrorists freedom of action and ensure the safety of communities across Borno.
Troops ambush terrorists along Marte–Dikwa road, recover logistics in Borno
News
Army troops neutralized 8 Boko Haram in Borno failed attack, recover arms
Army troops neutralized 8 Boko Haram in Borno failed attack, recover arms
By: Zagazola Makama
Troops of Operation Hadin Kai have successfully repelled a coordinated attack by Boko Haram/ISWAP terrorists on a Forward Operating Base in Mandaragirau, Borno, killing several insurgents and recovering arms and ammunition.
A military source told Zagazola Makama that the attack occurred in the early hours of Saturday when terrorists advanced from multiple directions toward the base.
According to the source, troops who had taken ambush positions engaged the insurgents with superior firepower, forcing them to retreat in disarray.
“The troops demonstrated resilience and tactical superiority, effectively repelling the assault and immediately launching a counter-exploitation along the terrorists’ withdrawal route, inflicting further casualties on the fleeing insurgents,” the source said.

He confirmed that no personnel of the Nigerian military was killed during the encounter, although one Mine-Resistant Ambush Protected (MRAP) vehicle was hit by a rocket-propelled grenade.
The source added that at least eight terrorists were neutralised during the operation, while troops recovered seven AK-47 rifles, eight magazines, four RPG bombs, and a cache of ammunition.
“Blood trails were observed along the withdrawal routes, indicating that several other insurgents escaped with gunshot wounds,” he said.
He further disclosed that injured personnel from the encounter were currently receiving treatment at a military medical facility in Biu.
Zagazola gathered that additional bodies of fleeing terrorists were sighted along their escape corridors toward the Timbuktu Triangle, a known insurgent enclave. We saw four more bodies,” said sources.
The military sources also revealed that abandoned weapons and casualties were observed in Garin Mallum and Garin Gajere, suggesting heavy losses suffered by the insurgents during the failed attack.
The military leadership urged to sustain the operational tempo, retain the initiative, and consolidate on the gains recorded against the insurgents.
Army troops neutralized 8 Boko Haram in Borno failed attack, recover arms
News
Nigeria Positions Itself for Global Space Leadership at Satellite Week 2026
Nigeria Positions Itself for Global Space Leadership at Satellite Week 2026
By: Michael Mike
Nigeria is set to sharpen its policy direction in the global space ecosystem as Nigerian Communications Satellite Limited prepares to host the 2026 Nigerian Satellite Week in Abuja.
The Managing Director of Nigerian Communications Satellite Limited, Jane Egerton-Idehen, disclosed this in a statement issued by the agency’s Head of Corporate Communications, Stephen Kwande, noting that the event will convene top government officials, regulators, and international stakeholders to shape the future of satellite governance and digital infrastructure.
Egerton-Idehen said the forum is coming at a critical time when countries around the world are strengthening their space capabilities as part of broader national development strategies.
According to her, satellite technology is increasingly linked to economic growth, national security, and digital connectivity, making strategic investments in space infrastructure a priority for many nations.
She explained that the conference is expected to attract high-level participation, including cabinet members, defence authorities, development finance institutions, and technology innovators from across Africa.
The NIGCOMSAT boss also highlighted Nigeria’s growing influence in global space policy, pointing to her emergence as Vice Chair of the Global Satellite Operators Association as a sign of the country’s expanding role in international satellite governance.
She further cited ongoing collaboration between Nigeria and the Kenya Space Agency as part of broader efforts to strengthen partnerships within Africa’s evolving space ecosystem.
Egerton-Idehen described the upcoming satellite week as both a reflection of Nigeria’s 20-year journey in satellite development and a strategic platform to define the country’s next phase in an increasingly competitive global space economy.
Nigeria Positions Itself for Global Space Leadership at Satellite Week 2026
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