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Flooding: Nigerians Bemoan Devastation Of Farmlands

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Nigerians in several parts of the country are lamenting the devastation of farmlands which affected agricultural production last year.

The flooding, which inundated several farmlands across the country, destroyed property worth millions of naira, even as thousands of people, including farmers, were displaced and rendered homeless.

A  survey,  in some states of the country, revealed that the heavy rainfall and resultant flooding also destroyed agricultural produce running into billions of naira.

Coordinator, All Farmers Association of Nigeria (AFAN), in Edo North, Alhaji Abdulahi Mohammed, attributed the current scarcity of vegetables in Auchi and its environs to the flood that inundated the Omeme River bank.

He said that the flood destroyed over 50 hectares of farmlands near the river bank and also affected cocoa yield.

He appealed to the Federal Government to rehabilitate parts of Jattu town and some areas of Auchi ravaged by the flood.

Mohammed said the economic impact of the destruction caused by the flood was immense, adding that it prevented vegetables farmers in the area from planting.

He said the flood carried with it a type of soil that was not suitable to grow any type of crop.

“It was a serious flood. It washed off cocoa and plantain farms. Farmers near the riverbank were all affected and this led to scarcity of vegetables within Auchi and environs”.

“Cocoa trees in the area were covered with a type of mud that prevented them from yielding this season,” he said.

Mohammed explained that the effects of the flooding aborted all agricultural activities along the river belt and he urged the Federal Government to fulfill its promise to send relief materials to farmers who lost their crops as a result of the flood.

He said the flood also caused the collapse of the bridge linking Auchi and Akoko-Edo local government area of Edo.

In Kano and Jigawa states, respondents lamented that torrential rains and the ensuing flood, led to the displacement of thousands of people.

The downpour also forced the management of two dams- Challawa and Tiga,  to open their spillways to release water from their overflowing reservoirs to prevent them from collapsing.

Jigawa State Commissioner for Information, Alhaji Aminu Mohammed, noted that several families were displaced by flood waters which also washed away several houses and farm lands.

A large-scale female farmer in Kwari in Wudil local government area of Kano State, Malama Aishatu Haru, said several farmlands were destroyed by flood.

To make up for the loss of their farm produce, Haru said she and other female farmers in the area would embark on large-scale irrigation farming this farming season.

Another female farmer in the area, Harira Musa, said irrigation farming would help them reduce the immense loss they suffered from the flood in 2010.

A farmer in Kwara State, Alhaji Rauf Ogene, noted that the 2010 farming season would be remembered by the flood disaster, which wreaked havoc on 15 agrarian communities in Edu local government area.

He said that no fewer than 500 hectares of farm plantations were submerged by the flood, while properties worth millions of naira were destroyed.

He named some of the communities affected by the flooding to include Kpatairingi, Tada, Emaji, Kpilegi, Kusogi, Kpatako, Kochegi and Bafinta.

Others, he said, incuded Chiji, Tunga Dady, Tunga Alhaji Haruna, Tunga Shayau, Tunga Mallam Sanni and Ogudu.

The Emir of Shonga, Dr Haliru Yahaya, said the flood waters destroyed property worth hundreds of millions of naira.

“The flood, which however, claimed no life, left the victims with no food to eat, no sleeping materials and there was lack of other basic necessities of life,’’ he said.

Ogene said the release of water from Kainji Dam exacerbated the impact of the flood on people in Kwara and Niger states.

The Emir of Shonga described the flood as “very devastating’’ as it swept away farm plantations and property worth millions of Naira.

A spokesman of farmers in the area, Malam Muhammed Subair, described the flooding as a “great loss” while Mr Ayotunde Oyeniyi, the Permanent Secretary in the Ministry of Agriculture and Natural Resources, described it as “unfortunate’’ and “tragic’’.

Oyeniyi said the government assisted the victims by providing them with emergency relief materials.

“When the incident happened, government realised that the people needed urgent assistance as their crops were submerged in large quantities,” he said.

He said the government had put in place necessary measures to check the recurrence of the incident.

To mitigate the impact of the flooding that devastated the state last year, the Sokoto State Executive Council approved the construction of 1,000 houses for flood victims in three local governments of the state at a cost of over N3.69 billion.

The Commissioner for Information, Malam Dahiru Maishanu, who disclosed this, listed the benefiting local government areas as Goronyo, Silame and Gada.

“This is just the first phase of the project; other communities in the other six local government areas affected by the flooding are being sensitized on the need for them to relocate to safe havens,” he said.

Maishanu said construction of the houses was expected to be completed in one year, adding that payment of 30 per cent advance fee for the contractors had been approved on the provision of a bank guarantee.

Meanwhile, Governor Aliyu Wamakko, has had commended the Federal Government for donating N1 billion to the Sokoto State Government to reduce the impact of the flood which devastated more than half of the state in September 2010.

He made the commendation when he inaugurated the rehabilitated Usmanu Danfodiyo University Bridge, which was washed away by the flood waters.

“I commend the President, Dr Goodluck Jonathan, for personally visiting the state to inspect the damage caused by the flood as well as commiserate with the people and government of the state on the disaster, ’’ he said.

The governor also hailed the president for deploying military engineers who installed a temporary foldable floating bridge, which was still being used at the site of the collapsed bridge.

He said all the roads and bridges destroyed by the flood had been repaired by his government.

In Kebbi State, about 171 tonnes of seedlings valued at about N33.4 million, representing 80 per cent harvest loss, were destroyed by flooding that occurred in the state last year.

The Chairman of the state’s Flood Relief Committee, Alhaji Bello Tugga, said more than 10 communities were displaced by the flood that affected 11 local government areas.

Tugga, who is also the state Commissioner for Finance, said the Federal Government donated N750 million to the victims after the visit of President Goodluck Jonathan to the affected areas.

He said the government had spent about N30 million for the purchase of relief materials in addition to N25 million spent to procure drugs and water treatment chemicals in the affected areas.

He said that out of the millions of naira pledged made by individuals, corporate organisations and some state governments, only N59 million had been redeemed.

Tugga said the flooding occurred as a result of the collapse of Gwatanyo Dam shortly after farmers had planted their crops.

The sole administrator of Argungu Local Government Area, Alhaji Ahmed Salihu, said property and houses valued at N36 million were destroyed by the flood.

His counterpart in Arewa Local Government Area, Alhaji Nurudeen Kangiwa, said property worth N18 million were destroyed by rainfall.

Governor Saidu Dakingari of Kebbi State, who inspected farmlands affected by the flood, said they would be used to expand dry season farming, while people residing on the farmlands would be relocated.

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Nigeria’s ETF correction deepens as STANBICETF30, VETGRIF30 see 50% decline in a week

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Nigeria directs all oil, gas revenues to federation account in sweeping reform
Nigerian President Bola Tinubu has signed an order directing that all oil and gas revenues owed to the government be paid directly into the federation account, in sweeping reforms aimed at boosting public finances, the presidency said on Wednesday.
Under the law, the Nigerian National Petroleum Corporation keeps 30% of oil and gas profits for frontier exploration in inland basins. The presidency said those funds will now be paid into the federation account and appropriated by the government.
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NNPC also retains 30% of oil and gas sales as operational costs and receives 30% of proceeds from Production Sharing Contracts. Under the new directive, all revenues under these arrangements will flow directly to the federation account, while the company will instead receive appropriated management fees.
Royalty payments, petroleum profit taxes and other statutory revenues previously collected and retained by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will also be paid directly into the Federation Account. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) will likewise remit its revenues in full, with its cost of collection to be funded through appropriation.
Tinubu’s office said deductions enabled by the law had sharply reduced net oil inflows and contributed to fiscal strain across federal, state and local governments. The president also ordered a review of the law and established an implementation committee to enforce the changes.
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BOI Introduces Business Clinic 

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The Bank of Industry (BoI) has introduced a business clinic model designed to diagnose, treat and rehabilitate the Micro, Small and Medium Enterprises (MSMEs) to ensure long-term growth and sustainability.
The Divisional Head, Business Development, BoI, Dr Obaro Osah, made this known at the bank’s Thrive Summit with the theme: “Driving Growth through Innovation and Financial Empowerment” on Tuesday in Lagos.
Osah noted that traditional banking often treated businesses as mere account opening and management relationships.
He said the BoI business clinic model was created to reimagine the essence of a bank as a specialised teaching hospital.
According to him, just as a hospital requires a thorough diagnosis before service treatment/surgery, the bank must analyse the structural health of a small business before injecting capital.
“Financial distress is often just a symptom, the disease lies in operations and adopted philosophy, strategy, or governance,” he said.
Osah noted the many MSMEs, in spite of their potential, suffer from recurring ailments: restricted cash flow, poor operational structure, lack of proper packaging and market access, poor management among others.
He said the bank’s triage and vital signs included screening SMEs by maturity stage, pulse check to assess cash flow and liquidity and market temperature to evaluate competitive landscape.
Osah said after these evaluation, advanced diagnostics, prescriptions, surgical interventions and recovery and rehabilitation would be carried out where necessary.
“Prescription without diagnosis is malpractice and the Thrive Summit ensures we treat the root cause, not just the symptoms,” he said.
The Chief Strategy and Development Officer, BoI, Dr Isa Omagu, noted that MSMEs needed more than finance to succeed.
Omagu said they needed structure, advisory, capacity building, governance, digital readiness, access to market information and the right business infrastructure to operate and scale effectively.
He said as part of the bank’s 2025-2027 Corporate Strategy, the business clinic would expand BoI’s value proposition to broaden its products and services to better reach target segments.
Omagu said by offering structured business advisory and project development support, the clinic would enable the bank deliver deeper, more holistic value to MSMEs beyond financing.
“This vision of a structured, holistic business clinic; one that strengthens MSMEs across all core business functions and makes them more bankable, competitive, digitally enabled, and sustainable, is fully aligned with our strategic initiative to develop and roll out non-financial product offerings.
“Through this initiative, BoI commits to providing business advisory for MSMEs and project lifecycle support for enterprises, and the business clinic serves as the practical platform through which this commitment comes to life,” he said.
Omagu urged MSMEs to apply the guidance received to strengthen structure, governance, and financial management.
He added that they must adopt digital tools and improve internal processes to boost competitiveness while engaging BoI as a long-term partner in building a resilient, scalable business.
Mrs Eniola Akinsete, Divisional Head, Sustainability, BoI, said adopting Environmental, Social and Governance (ESG), principles often led to business prosperity.
Akinsete, however, noted that in spite of the benefits, adoption challenges persisted.
She affirmed BoI’s support on the adoption of ESG Practices by the MSMEs.
Earlier, the Executive Director, Corporate Finance, Sustainability and Investments, BoI, Mr Rotimi Akinde, said the summit represented a shared commitment to building a stronger, more resilient business ecosystem in Nigeria.
Akinde stated that the business clinic created a platform for practical knowledge sharing where entrepreneurs and small business owners could gain actionable insights to overcome challenges and seize opportunities.
He said discussions would focus on critical areas that drive sustainable growth, including branding and marketing, financials and activities, human rights, human resources, raising capital for equity and technology.
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Dangote signs $400 mln equipment deal with China’s XCMG to speed up refinery expansion

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Nigeria’s Dangote Group has signed a $400 million equipment deal with China’s Xuzhou Construction Machinery Group to speed up the expansion of its oil refinery toward a planned 1.4 million barrels per day, the company said on Tuesday.
The additional equipment is expected to support major projects under construction across refining, petrochemicals, agriculture and infrastructure.
Dangote said the XCMG agreement would allow it to acquire a wide range of new heavy-duty machinery to complement existing assets deployed for the refinery build?out, which the company expects to complete within three years.
As part of the expansion, polypropylene capacity will rise to 2.4 million tons per year from 900,000 tons. Urea production in Nigeria will triple to 9 million tons per year, alongside an existing 3 million-ton plant in Ethiopia, positioning the conglomerate as the world’s largest urea producer, the company said.
The output of linear alkyl benzene – a key raw material for detergents – will increase to 400,000 tons annually, making Dangote the biggest supplier in Africa. Additional base-oil capacity is also planned in the programme.
Dangote Group described the equipment deal as a strategic investment aligned with its ambition to become a $100 billion enterprise by 2030.
“The additional equipment we are acquiring under this partnership will significantly enhance execution across our projects,” it said in a statement.
Owned by Nigerian billionaire Aliko Dangote, the $20 billion refinery began operations in 2024 after years of delays. Once fully operational, it is expected to reduce Nigeria’s heavy dependence on imported refined fuel and reshape fuel supply across West and Central Africa.
Reporting by Isaac Anyaogu; Editing by Anil D’Silva
The Nigeria-Slovenia Chamber of Commerce on Thursday urged the Nigerian business community to explore business opportunities in Slovenia to widen their horizons.
The Tide source reports that the chamber made the call at its 2025 Last Quarter Business Forum held in Lagos State.
The forum is the chamber’s routine session aimed at informing businesses about the latest opportunities of mutual benefit between both countries, encouraging people to explore them to improve their livelihoods.
Speaking at the event, which was attended by businessmen and trade regulatory agencies, the Director-General of the Nigeria-Slovenia Chamber of Commerce, Mr Uche Udungwor, described the relationship between the two countries as a bilateral economy.
Udungwor said the body, established to build, promote and facilitate trade and investment activities between Nigeria and Slovenia, had positively impacted both nations.
He said the mandates of the chamber include: “To provide a forum representative of Nigeria and Slovenia’s interests for the development and improvement of commerce and industry between the two countries.
“Also, to create, promote and sustain broad exchanges and interactions in commercial, industrial and economic fields between the countries.
“To promote cooperation on technical and scientific innovations between institutions of the countries through the exchange of regular information on trade and investment opportunities.
“To advise members on opportunities, challenges, legislation or otherwise arising from the pursuit of trade between Nigeria and Slovenia, and to encourage the exchange of ideas and views on trade matters within the context of trade promotion between both countries.”
According to him, Slovenia’s major imports include organic chemicals, agro products such as cocoa beans, iron and steel/metal scraps, wood, and mineral fuels/petroleum products.
He said the trade balance between Slovenia and Nigeria is “not quite encouraging”, citing United Nations COMTRADE data indicating that Slovenia’s imports from Nigeria in 2022 amounted to $5.7 million.
Udungwor described the Republic of Slovenia, located in Central Europe with about 2.1 million inhabitants, as a promising business frontier for Nigerians.
He noted that the country features Alpine mountains, thick forests and a short Adriatic coastline.
“Slovenia, which borders Italy to the west, Austria to the north, Croatia to the south and southeast, and Hungary to the northeast, has a 2024 GDP of 72.49 billion dollars, a sound economy and a low-risk business environment.
“Slovenia has been a member of the European Union since 2004 and of the Schengen Group since 2007. It is also a member of the Organisation for Economic Co-operation and Development (OECD).
“Slovenia today is a stable, vibrant democracy that offers a stimulating business environment and represents a bridge between the Balkan, Central European and Western European countries.
“The Nigeria-Slovenia Chamber of Commerce is at your service to provide up-to-date information and advice about Slovenia’s economy, business opportunities, companies, products and services for the mutual benefit of all,” he said.
A participant, Mr Muyiwa Ajose, said his partnership with the chamber had bolstered his agro exports to Slovenia.
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