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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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One killed, five injured during violent clash at peace meeting in Plateau

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One killed, five injured during violent clash at peace meeting in Plateau

By: Zagazola Makama

A peace meeting between local residents and Fulani community members in Pankshin Local Government Area of Plateau State turned violent on Thursday, leaving one person dead and five others injured after youths allegedly attempted to disarm soldiers deployed to maintain security during the engagement.

Security sources told Zagazola Makama that the incident occurred at about 3:00 p.m. on May 7 at Mier village, where troops of Sector 8 under Operation Enduring Peace (OPEP), deployed at Fier guard post, had organised a stakeholders’ meeting aimed at easing tensions between locals and Fulani residents in the area.

The sources said the meeting was part of ongoing confidence-building and peace restoration efforts by security forces following recent incidents of communal violence, cattle rustling, reprisal attacks, and growing mistrust between farming and pastoral communities across parts of Plateau State.

According to the sources, the meeting was progressing peacefully before a group of agitated youths reportedly became hostile and attempted to forcefully seize the rifles of two soldiers providing security at the venue.

“The situation suddenly turned violent when some youths moved aggressively toward the troops and attempted to disarm two soldiers,” a security source said.

The source added that amid the struggle and confusion, one of the soldiers discharged his weapon in self-defence to prevent the mob from overpowering the troops.

Following the incident, one local resident sustained fatal injuries and was later confirmed dead, while four other civilians and one soldier were injured during the confrontation.

The injured persons were immediately evacuated to nearby medical facilities for treatment, while the corpse of the deceased was deposited at the General Hospital morgue in Pankshin.

Security operatives subsequently reinforced the area to prevent further breakdown of law and order, while efforts were intensified to calm tensions among residents.

The four youths who attacked the soldiers were arrested.

The latest violence occurred amid heightened security concerns and recurring communal clashes across Plateau State, where troops of Operation Enduring Peace have continued to conduct patrols, peace engagements, arrests, and intelligence-driven operations to contain reprisals and attacks involving armed militias, bandits, and cattle rustlers.

Military and community leaders have repeatedly urged residents to avoid taking the law into their hands and to cooperate with security agencies to sustain peace efforts across the state.

One killed, five injured during violent clash at peace meeting in Plateau

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ISWAP suffer losses after failed attack on Buni Gari

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ISWAP suffer losses after failed attack on Buni Gari

By: Zagazola Makama

ISWAP terrorists suffered heavy losses in the early hours of Thursday after troops of Operation HADIN KAI repelled an attack on Headquarters 27 Brigade, Buni Gari, and a nearby checkpoint in Yobe State.

The terrorists had launched a coordinated assault at about 2:00 a.m. from multiple directions but were stopped by troops who held their ground and responded with superior firepower.

The Media Information Officer of the Joint Task Force North East, Operation HADIN KAI, Lt.-Col. Sani Uba, said the attackers were forced to retreat after coming under intense resistance.

He said several of the terrorists were neutralised during the encounter, while others fled with injuries.

“Exploitation of the general area confirmed the recovery of terrorist corpses and weapons in bushes and along withdrawal routes,” Uba said.

He added that traces of blood were found along escape routes, indicating that the fleeing attackers sustained significant injuries.

Uba explained that air support from the Air Component Command provided surveillance coverage during the operation, helping troops track movement of retreating fighters.

He said precision air interdiction was also carried out on confirmed fleeing elements, further increasing the losses suffered by the attackers.

Recovered items include AK-47 rifles, machine guns, RPG tubes, ammunition, magazines and other military-grade weapons used in the failed assault.

He said troops, working with hybrid forces, are continuing clearance operations in the area to prevent regrouping of the attackers.

Uba also confirmed that two soldiers died during the encounter, while wounded personnel are receiving treatment and are in stable condition.

He said Operation HADIN KAI remains committed to sustaining pressure on terrorist groups and denying them freedom of action in the North-East.

ISWAP suffer losses after failed attack on Buni Gari

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Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

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Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

By: Michael Mike

The government of Cuba has accused the United States of escalating economic warfare against the island nation following a sweeping new executive order and fresh sanctions that Havana says could worsen an already severe humanitarian and economic crisis.

In a strongly worded statement issued Thursday in Havana, Cuba’s Ministry of Foreign Affairs condemned the May 1, 2026 Executive Order signed by the White House, describing it as one of the harshest measures imposed against the communist nation in decades.

The Cuban government also denounced a subsequent decision by the United States Treasury Department on May 7 to place Cuban conglomerate Gaesa and mining company MoaNickel S.A. on the List of Specially Designated Nationals, effectively cutting them off from the American financial system and exposing foreign businesses dealing with them to possible secondary sanctions.

Havana described the move as a “ruthless act of economic aggression” aimed at tightening the long-standing United States blockade against Cuba and isolating the country from global trade and financial networks.

According to Cuban authorities, the latest measures threaten to deepen the island’s economic hardship at a time when the country is already battling chronic shortages of fuel, food, medicine and foreign exchange.

The Foreign Ministry argued that the sanctions go beyond bilateral relations between Washington and Havana by attempting to punish foreign companies, banks and governments that maintain economic ties with Cuba.

“The sovereign right of all states that have or wish to maintain economic, commercial and financial relations with Cuba is being explicitly attacked,” the statement declared.

Cuba accused senior United States officials, particularly the Secretary of State, of using intimidation and political pressure to force the international community into compliance with the blockade policy.

The statement further alleged that the new measures were intended to provoke economic collapse and social unrest within Cuba.

Havana warned that worsening economic pressure could create conditions for instability and potentially serve as justification for more aggressive actions against the island.

The Cuban government also accused Washington of attempting to manufacture a humanitarian crisis capable of triggering political upheaval.

The latest confrontation marks another sharp downturn in relations between the two Cold War-era adversaries whose ties have fluctuated between cautious engagement and hostility over the last six decades.

The United States first imposed trade restrictions on Cuba in the early 1960s following the Cuban Revolution led by Fidel Castro and the subsequent nationalisation of American-owned assets on the island. Relations deteriorated rapidly after Cuba aligned itself with the former Soviet Union during the Cold War.

In 1962, Washington formalised a broad economic embargo against Cuba, arguing that the measures were necessary to pressure Havana toward democratic reforms and respect for human rights.

Over the decades, the sanctions evolved into one of the world’s longest-running economic blockade regimes, affecting trade, banking, investment and travel.

Although there were signs of rapprochement during the administration of former President Barack Obama — including the restoration of diplomatic relations and the easing of some restrictions — many sanctions were later reinstated and expanded under subsequent administrations.

In recent years, Cuba has faced mounting economic difficulties caused by declining tourism revenues, inflation, fuel shortages and limited access to international credit markets.

The Cuban government has consistently blamed the United States embargo for worsening living conditions on the island, while Washington maintains that Havana’s centrally controlled political and economic system is primarily responsible for the country’s struggles.

The renewed sanctions are expected to intensify debates within the international community, where many countries and global organisations have repeatedly called for an end to the embargo.

For more than 30 consecutive years, the United Nations General Assembly has overwhelmingly voted in favour of resolutions urging the United States to lift its economic blockade against Cuba, describing the measures as harmful to ordinary citizens and contrary to international law.

Despite the growing pressure, both governments remain firmly entrenched in their positions, raising fears that tensions between Havana and Washington may continue to escalate in the coming months.

Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

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