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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
News
Kidnapped Munya LGA Secretary Regains Freedom as Security Forces Intensify Rescue Efforts
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Kidnapped Munya LGA Secretary Regains Freedom as Security Forces Intensify Rescue Efforts
By: Zagazola Makama
The Niger State Police Command has confirmed the release of Usman Daina, the Secretary of Munya Local Government Council, who was abducted by armed bandits.
Daina was freed unhurt following a sustained pursuit operation by security forces. However, authorities have stated that efforts are still ongoing to rescue other victims who remain in captivity and to ensure the arrest of the perpetrators.
Zagazola Makama had reported that On Feb. 21, 2025, heavily armed bandits launched an attack on Munya Local Government Area, abducting several residents, including the council secretary.
It was gathered that that the assailants moved from Chibani forest through the Shakwata axis before striking various communities, including the Dandaudu area of Munya LGA.
The attackers invaded homes, looted food supplies, and forcefully took away multiple victims.
Following the abduction, the Nigerian Army troops, police tactical teams, vigilantes, and other security forces were deployed to track the movements of the kidnappers.
Their aggressive pursuit led to the successful release of Daina, while efforts continue to rescue the remaining captives and dismantle the criminal network responsible for the attack.
Sources said that the security forces are currently conducting aerial surveillance, intelligence-driven operations, and ground raids on identified bandit hideouts in the region.
Kidnapped Munya LGA Secretary Regains Freedom as Security Forces Intensify Rescue Efforts
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Police Officer Accidentally Shoots Immigration Officer in Minna Patrol Incident
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Police Officer Accidentally Shoots Immigration Officer in Minna Patrol Incident
By: Zagazola Makama
A female immigration officer, identified as Assistant Superintendent of Immigration (ASI) Christian Oladimeji, sustained a gunshot wound in Minna, Niger State, after a police patrol team was attacked by hoodlums while recovering suspected stolen materials.
The incident occurred on Feb. 21, 2025, at about 12:30 p.m., when a Surveillance Patrol Team from the ‘A’ Division Police Command in Minna, led by ASP Ibrahim Audu Paiko, was on routine patrol near Obasanjo Complex.
Intelligence sources informed Zagazola Makama that the patrol team sighted a group of road construction workers, about seven in number carrying iron rods suspected to be stolen. Upon noticing the police, the workers abandoned the materials and fled.
While the officers were attempting to recover the abandoned iron rods, they were suddenly attacked by a group of other road construction workers and hoodlums, who threw stones and other objects at them. The assault damaged the Dangote Patrol Vehicle used by the police.
In an attempt to escape being overrun by the mob, ASP Ibrahim Audu fired a shot, which accidentally struck ASI Christian Oladimeji, who was passing by on a motorcycle.
The bullet hit Oladimeji on her lap, causing her to fall from the motorcycle and sustain additional injuries.
She was immediately rushed to IBB Specialist Hospital in Minna, where medical personnel confirmed that while no bullet fragments remained in her body, she suffered a fracture in her waist.
Several suspects have been detained for questioning, while disciplinary action has been initiated against the officers involved.
Meanwhile, authorities have urged residents to remain calm as security agencies continue efforts to maintain law and order in the state.
Police Officer Accidentally Shoots Immigration Officer in Minna Patrol Incident
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Security Forces Rescue 25 Kidnapped Victims, Recover Rustled Cattle in Niger State
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Security Forces Rescue 25 Kidnapped Victims, Recover Rustled Cattle in Niger State
By: Zagazola Makama
Nigerian Army troops in Niger State have rescued 25 kidnapped victims and recovered 22 rustled cows and nine sheep following an intense gun battle with armed bandits in Garungabas and Kundu villages, Rafi Local Government Area (LGA).
Intelligence sources,told Zagazola Makama, the operation was carried out by a joint security task force comprising the police, military, and local vigilantes as part of ongoing efforts to combat banditry and insurgency in the region.
The joint task force launched an offensive against bandits on February 21, 2025, based on actionable intelligence about their movements in the affected areas.
“The security team engaged the bandits in a fierce gun battle, leading to the rescue of 25 victims, including men and women, who had been abducted from nearby villages,” the source said.
The sources said that 22 cows and nine sheep, which had been rustled by the criminals, were successfully recovered, while several other livestock were scattered in the bush.
In a separate incident, bandits opened fire on a commuter Sharon bus traveling from Sokoto to Minna, injuring several passengers.
According sources, the bandits indiscriminately fired at the vehicle as it approached their hideout, killing a male and a female passenger instantly.
“The injured victims and the corpses of the deceased were immediately evacuated to the IBB Specialist Hospital in Minna for urgent medical attention and autopsy,” a police intelligence officer said.
Security Forces Rescue 25 Kidnapped Victims, Recover Rustled Cattle in Niger State
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