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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
NDLEA intercepts cocaine in Saudi-bound religious books
By: Michael Mike
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a shipment of cocaine concealed in 20 sets of religious books going to Saudi Arabia.
The spokesman of the anti-narcotics agency, Femi Babafemi in a statement on Sunday said the cocaine consignment consisting of 20 parcels with a total weight of 500 grammes and buried in the pages of the religious books was uncovered at a courier company in Lagos last Tuesday when NDLEA officers of the Directorate of Operations and General Investigation (DOGI) were searching through export cargos going to Saudi Arabia at the logistics firm.
Babafemi said at another courier company same day, NDLEA officers intercepted five parcels of Loud, a strong strain of cannabis weighing 2.8 kilogrammes hidden in a carton coming from the United States of America.
In Kano, a 22-year-old alleged supplier of illicit substances to bandits, Muhammad Mohammed, has been arrested by NDLEA operatives on patrol along Bichi – Kano road while heading to Katsina with 277 ampoules of pentazocine injection tied to his thigh and private part with Sellotape.
He was intercepted on Sunday 13th April, while another suspect, Mohammed Abdulrahman Abdulaziz, 43, was nabbed same day at Research Rimin Kebe area of Nasarawa, Kano with 68 blocks of skunk, a strain of cannabis, weighing 30 kilogrammes.
He said not less than 557.2 kilogrammes of skunk, 5.6 kilogrammes of methamphetamine and 29.8 grammes of heroin were recovered from a house along Major General Isaiah Alllison Street, Opolo, Yenagoa, Bayelsa state where four suspects were arrested when NDLEA operatives raided the premises last Wednesday
Babafemi said the four suspects arrested during the raid include: Sarimiye Suwa, 46; Roland Prosper, 34; Sarimiye Tare, 45; and Fidelis Ugbesla, 46, while a total of 1,100 kilogrammes of skunk were recovered from a delivery van with the driver, Ismail Abdullahi arrested in Surulere area of Lagos last Thursday.
In Kaduna, NDLEA operatives last Friday raided the hideout of a suspect, Ike Ani, 30, in Zaria, where no fewer than 31,950 pills of tramadol 225mg and diazepam were recovered, and in Kebbi, along Bagudo road on the same day a vehicle loaded with bags of charcoal coming from Malabil, Benin Republic was intercepted, when the vehicle was search, 97 kilogrammes of skunk concealed in the sacks of charcoal was recovered.
. Three suspects: Abubakar Ibrahim, 50; Mustapha Aliyu, 32; and Bashar Lawali, 28, were arrested in connection with the seizure.
A 48-year-old Okafor Marcel was nabbed with 11.5 kilogrammes skunk at Abatete, Anambra state while NDLEA operatives in Osogbo, Osun state last Tuesday arrested Ajala Mercy, 27, with 43 litres of skushi, a mixture of black currant, cannabis and opioids recovered from her room at Dada estate, Halleluyah area of the state capital.
Babafemi said two cannabis farms in Egbeta forest, Ovia North East LGA, Edo state were raided by NDLEA operatives who destroyed 3,717.8625 kilogrammes of the psychoactive plant on 1.487145 hectares and recovered 136.5 kilogrammes of processed cannabis.
At the Tincan seaport in Lagos, a suspect Basorun Kayode, 40, who has been at large for two years was arrested by NDLEA officers in connection with the seizure of 107 kilogrammes Loud imported from Canada in 2023, while another suspect, Dauda Yakubu who distributes illicit drugs within the seaport community was arrested by a team of operatives last Monday.
The spokesman said the War Against Drug Abuse (WADA) social advocacy activities by NDLEA commands equally continued across the country in the past week.
Meanwhile, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd) while commending the officers and men of DOGI, Kano, Lagos, Kaduna, Kebbi, Osun, Zone 13, Edo and Tin-can commands of the agency for the arrests and seizures of the past week, equally praised their counterparts in all the commands across the country for ensuring a fair balance between their drug supply reduction and drug demand reduction efforts.
NDLEA intercepts cocaine in Saudi-bound religious books
Fire Guts Water Board IDP Camp in Monguno, Borno
By: Zagazola Makama
A devastating fire broke out at the Water Board IDP Camp in Monguno Local Government Area (LGA) on April 19, 2025, destroying approximately one hundred thatch and makeshift houses.
Eye witnesses said that the fire started at around 1040hrs and rapidly spread across the settlement, burning household items, foodstuffs, and other valuable properties to ashes.
The cause of the fire is yet to be determined, and the value of the property destroyed is still being assessed.
Humanitarian officials were immediately deployed to the scene to maintain crowd control and prevent looting, while firefighters, alongside camp residents, worked tirelessly to extinguish the flames.
Fortunately, no casualties or loss of life were reported.
Fire Guts Water Board IDP Camp in Monguno, Borno
Terrorists Snatch Vehicle in Monguno, Borno
By: Zagazola Makama
Armed assailants suspected to be members of ISWAP/Boko Haram attacked and snatched a vehicle in Monguno Local Government Area (LGA) on April 18, 2025, at about 1400hrs.
Saleh Haun, a resident of the Water Board IDP Camp in Monguno, reported that while he was at the Gumnari Bush Area in Monguno, four armed gunmen, riding on two motorcycles, accosted him.
The assailants, at gunpoint, seized his white Toyota Land Cruiser, before fleeing with the vehicle to an unknown location.
A Military Forward Operating Base (FOB) has been alerted, and efforts are underway to to track the assailant and recover the stolen vehicle.
Terrorists Snatch Vehicle in Monguno, Borno
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