Connect with us

Agriculture

FG Plans Low Interest Regime For Farmers

Published

on

The Federal Government says it is considering a low interest lending rate regime for farmers in the country
President Goodluck Jonathan said this on Tuesday in Abuja at the 19th National Economic Summit and the inauguration of the Youth Employment in Agriculture Programme (YEAP).
The Tide reports that the programme seeks to eliminate the constraints to youth participation in agro business in the country.
The theme of the 19th Economic Summit is, “Growing Agriculture as a Business to Diversify Nigeria’s Economy’’.
A team headed by the Finance Minister is working on how government will link up with the private sector and the Central Bank to make sure that farmers get loans at very low interest rate.
The president commended the effort of the Central Bank of Nigeria in extending its lending to the agric sector, assuring that government would continue to develop innovative financing mechanism to make agricultural lending more affordable.
Jonathan, who also inaugurated the young Nigerian farmers at the summit, applauded the effort of the youth who ventured into agriculture out of interest.
I am convinced that agriculture as a business holds a bright future for our country, especially for the youth. “Unemployment among our youths is one of the biggest challenges; the time has come to create jobs and laid a good foundation for Nigeria’s economic growth, he said.
There is a need to get younger farmers, especially young graduates and school leavers, to take on agriculture as a business.
“I am excited that a lot of young people now see agriculture as a viable business opportunity; the panel of young business men and women that we just listened to has clearly demonstrated that the future of Nigerian agriculture is indeed bright. In order to encourage our young people, and to create a NEW cadre of young, dynamic and entrepreneurial commercial farmers in agro business, the Minister Agriculture has developed YEAP,’’ he said.
According to him, the programme over the next five years will see the emergence of young graduates and school leavers across the geo political zones into commercial farming and agro business.
“They will be called NAGROPRENEURS; these people through their businesses will create jobs for hundreds of thousands of Nigerian youths. To these young people, I say, you are the leaders of tomorrow and your leadership in training starts from today,’’ he said.
The president urged youths in the country to key into the opportunity to develop their skills and become commercial agro dealers in all areas of agriculture.
He said that administration would revolutionalised the sector, adding that ‘’days are gone when farmers are seen as poor people in the society.’’
Jonathan said that government would continue to accept recommendations from the summit group to help boost the economy, adding that a framework had been created for the National Planning Commission to forward such recommendations to the Federal Executive Council for implementation by Ministries, Department and Agencies.
The president said that the objective of the Agricultural Transformation Agenda was to turn about 20 million metric tonnes of food to the domestic food supply and to create about 3. 5 million jobs for the young people.
He said that the goal of government was to use agriculture as the spring board for Nigeria’s industrialisation.
Jonathan said that the rice revolution in 10 states in the dry season was a demonstration that if the farmers were well supported, they could feed the whole nation and beyond.
“Our target is to become self-sufficient in rice production by 2015 and 2016,’’ he said.

Continue Reading

Agriculture

Food Crisis: Uwaleke Seeks Urgent Agricultural Reforms 

Published

on

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.

 

Continue Reading

Agriculture

Livestock Minister Reaffirms Commitment To Integrating Apiculture Development Into  NL-GAS

Published

on

The Minister of Livestock Development, Idi Mukhtar Maiha, has reaffirmed the Federal Government’s commitment to integrating apiculture development into the implementation framework of the National Livestock Growth Acceleration Strategy (NL-GAS), designed to unlock the vast potential in the livestock value chain.

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.

 Director of Quality Assurance and Certification, Dr. Nurallah Abubakar, who represented the minister, stated that through the NL-GAS framework, the ministry is committed to promoting sustainable apiculture practices, strengthening value chain development for honey and other bee products, enhancing research, training, and extension services, improving access to markets and financing, encouraging climate-smart agricultural practices, and expanding opportunities for women and youth participation in the apiculture sector.
He noted that bees remain among nature’s most productive species, serving not only as honey producers, but also as critical pollinators that support crop reproduction, food security, biodiversity conservation, ecosystem stability, and climate resilience.
Abubakar further observed that bee populations globally are increasingly threatened by climate change, habitat loss, environmental degradation, bush burning, indiscriminate pesticide use, pests, and diseases. He stressed that the challenges require deliberate policy interventions, strengthened stakeholder collaboration, increased public awareness, and the adoption of sustainable environmental practices.
Also speaking, the representative of the Federal Ministry of Agriculture and Food Security, Mr. Mohammad Usman, reaffirmed the Ministry’s commitment to boosting honey and bee product production for both domestic consumption and export.

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.

Continue Reading

Agriculture

Food Manufacturers Reject Multiple Taxes, Regulatory Burdens

Published

on

The Association of Food, Beverage, and Tobacco Employers (AFBTE) has cautioned the Federal Government against what it described as excessive taxation, arbitrary levies, and poor regulatory engagement, warning that these policies could threaten the survival of businesses in Nigeria’s food and beverage sector.

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.

 

Continue Reading

Trending