Agriculture
Bank Disburses N814m To Beneficiaries – Manager
The Kano Zone of the Bank of Agriculture disbursed more than N814 million to 6,523 beneficiaries in 2010, says Alhaji Shehu Yero, the Zonal Manager of the bank.
The bank was formally known as the Nigerian Agricultural Cooperative and Rural development bank (NACRDB).
Yero, who disclosed this to our correspondent in Kano said that the “credit gap” between the demand for loan and the available funds was the greatest challenge facing both the bank and peasant farmers.
Analysing the enormity of the challenge, Yero said that at least N100 billion would be required to disburse to one million peasant farmers.
According to him, nearly 50 million other farmers are in “dire” need of the same facility, while large-scale farmers were the major loan defaulters.
“The repayment of loan by peasant farmers is far higher than that of big time farmers, some of who are influential and highly educated,” Yero said.
The manager observed that the failure of beneficiaries to repay their loans had limited the capacity of the bank to give loans to more applicants.
He stressed the need for large-scale borrowers to always honour the terms of the loan by repaying in good time to enable other prospective Nigerians to access the facility.
Meanwhile, the Bank of Agriculture says it is still awaiting the approval of the Board of Directors to effect a change in its logo.
It was formally known as the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB).
The bank’s Head of Corporate Planning, Dr. Mahmud Kolo, told our correspondent in Kaduna on Thursday, that the new name was already in use.
Kolo said that the logo of the bank remained the same until the change was ratified by the board, adding that although all the bank’s corespondences carry its new name, NACRDB was still retained underneath for identification purposes.
Kolo said the bank had completed the statutory requirements and registered the new name with the Corporate Affairs Commission.
When the board ratifies the name, the bank would officially unveil the name and the logo and thereafter effect such change in all its branches.
He appealed to the bank’s customers to bear with the situation for now.
Agriculture
Food Crisis: Uwaleke Seeks Urgent Agricultural Reforms
The President of the Capital Market Academics of Nigeria, Prof. Uche Uwaleke, has called for urgent agricultural reforms and stronger support for farmers to improve food security in the country.
Uwaleke made the call in an interview with Newsmen Wednesday while reacting to the United Nations projection that millions of Nigerians could face acute hunger in the coming months.
The United Nations Humanitarian Country Team had warned that about 35 million Nigerians could face acute food insecurity between June and August.
According to the organisation, nearly one in seven Nigerians may experience severe food shortages during the 2026 lean season.
Uwaleke said the projection underscored the urgent need for Nigeria to strengthen its food production systems and address factors driving food insecurity.
“The warning should be taken seriously because it reflects the difficult realities many Nigerians are already experiencing, especially vulnerable households.
“A projection of about 35 million people facing acute hunger is disturbing for a country with enormous agricultural potential,” he said.
He attributed worsening food insecurity to inflation, insecurity in farming communities, climate-related challenges, naira depreciation and high transportation costs.
According to him, the combined effects of fuel subsidy removal and declining purchasing power have further reduced access to food for many Nigerians.
Uwaleke said the situation required immediate and coordinated interventions to prevent a deeper humanitarian crisis.
“The lean season is usually difficult, but the scale being projected by the United Nations suggests the need for urgent action from both government and development partners,” he said.
He acknowledged recent government measures aimed at improving food supply, including food imports and tariff reductions on selected commodities such as rice and palm oil.
He, however, said the interventions might not yield the desired results without stronger investments in local agricultural production and improved security for farmers.
“I believe the government has made efforts to address the situation, particularly through policies aimed at boosting food availability.
However, insecurity continues to disrupt farming activities in major food-producing areas, while inflation and weak purchasing power remain major concerns for ordinary Nigerians,” he said.
Uwaleke urged the Federal Government to increase support for farmers through subsidies on fertilisers, improved seedlings and other agricultural inputs ahead of the peak farming season.
He also stressed the need to improve security in farming communities to enable displaced farmers to return safely to their farms.
According to him, targeted food distribution programmes should be expanded to support vulnerable households across the country
Uwaleke further called for long-term investments in irrigation, mechanisation, storage facilities, rural infrastructure and agricultural research to strengthen food security.
He added that food security should be treated as both an economic and national security priority requiring sustained policy implementation and adequate funding.
Agriculture
Livestock Minister Reaffirms Commitment To Integrating Apiculture Development Into NL-GAS
The Minister made this known in a keynote address at the World Bee Day 2026 celebration, held in Abuja, where he emphasised that the livestock value chain can be significantly transformed through targeted investments, innovation, private sector participation, youth empowerment, and inclusive economic growth.
In her remarks, the Permanent Secretary of the Ministry of Livestock Development, Dr. Chinyere Ijeoma Akujobi, said the Ministry remains committed to strengthening interventions aimed at improving the apiculture subsector, promoting sustainable beekeeping practices, enhancing production standards, expanding market access, and protecting pollinator habitats across the country.
The Director of Ruminants and Monogastric, Mr. Victor Egbon, representshe also commended the Youth for Agriculture Initiative (YFAI) for its sustained partnership and commitment to the annual commemoration of World Bee Day.
In a goodwill message, the representative of the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr. Osas Isokponomu, reaffirmed the Ministry’s commitment to supporting policies and programmes that promote value addition, industrialisation, export competitiveness, and market integration within the framework of the African Continental Free Trade Area (AfCFTA).
Earlier in his opening address, the President of the Youth for Apiculture Initiative (YFAI), Mr. Kingsley Nwagwu, called for the establishment of a National Apiculture Policy as a foundation for unlocking Nigeria’s emerging apiculture economy.
Participants at the event were drawn from relevant Ministries, Departments and Agencies, stakeholders, students, academia, research institutions, and development partners.
Agriculture
Food Manufacturers Reject Multiple Taxes, Regulatory Burdens
According to a statement, President of the AFBTE, Chinedum Okereke, gave the warning during the association’s 47th Annual General Meeting held recently in Lagos.
He stated that the food and beverage industry remained a critical pillar of the Nigerian economy because of its significant contributions to employment, public health, and economic growth, adding that government policies should support the sector rather than weaken it.
Okereke noted that many companies in the industry are struggling with rising operational costs and multiple taxes and charges imposed by government agencies without adequate consultation.
“The food and beverage sector remains a major player in the Nigerian economy in terms of its criticality to the financial and physical health of the nation, as well as the well-being of the people. Government support is therefore imperative,” Okereke said.
He added that the relationship between government institutions and businesses should be driven by collaboration, dialogue, and fairness to create a sustainable business environment.
The AFBTE chief also renewed the association’s opposition to the proposed ban on the packaging and sale of alcoholic drinks in sachets and small PET bottles, warning that the policy could worsen unemployment, reduce investment, and shrink government revenue.
“We are in the age of data and analytics Policies that affect businesses and livelihoods should be evidence-based,” Okereke said.
He noted that the industry had repeatedly demanded empirical evidence and statistical data to justify the proposed ban but claimed relevant authorities had yet to provide such information.
The AFBTE president further appealed to the Federal Government to introduce incentives and relief packages for manufacturers battling rising production costs, foreign exchange challenges and infrastructure deficits.
He also advocated the creation of more Free Trade Zones through the upgrade of existing industrial clusters, especially for long-established companies that have contributed significantly to Nigeria’s economic development but now face disadvantages compared to firms operating within free trade zones.
He observed that the absence of dialogue between the government and the private sector often creates avoidable disputes and weakens investor confidence.
Okereke added that the objectives of the Presidential Enabling Business Environment Council should remain a guiding principle for regulators and government agencies in promoting ease of doing business in the country.
Meanwhile, the Treasurer of AFBTE, Osaro Omogiade, disclosed that the association recorded a total income of N165.45m for the 2025 financial year, representing a 10.13 per cent increase from the N150.24m generated in 2024.
He attributed the increase largely to improved returns on investments in the money market through Stanbic IBTC and United Capital.
Omogiade, however, noted that the association’s expenditure rose by 14.22 per cent to N138.25m due to the increasing cost of running its secretariat, leaving a surplus of N27.21m compared to N29.19m recorded in the previous year.
