Business
Mechanised Agric, Key Sector For Nation’s Economy
Mechanised Agriculture has been identified as one of the key sectors capable of sustaining the nation’s economy if properly harnessed.
Nigeria,s first Lady and wife of the president, Hajiya [Dr.] Turia Umaru Musa Yar’Adua, made the observation Monday during the official flagging – off and lunching of the 2009 cropping season for the Nigerian women in the southern part of the country held at Okpara Square, Enugu.
According to her, no economy can record meaningful feat without agriculture, hence the Yar’Adua led federal government places much emphasis on the sector, stressing the need for the country to always give mechanised farming serious attention it deserved.
She therefore, explained that the southern lunching exercise which was coming less than one week that of the Northern part of the country took place in Abuja, the Federal Capital Territory was a genuine attempt designed to empower Nigerian women in agriculture, adding that provision of the farm implements being made available to the women at a subsidise rate would also go a long way in enhancing food security in the country.
The First Lady, however, called on all and sundry to always support women farmers especially those that are into mechanized farming, pointing out that agriculture, as being encapsulated in the federal government’s 7-point agenda would continue to receive adequate attention of the Federal Government.
Her words: “It is worth mentioning here that women are responsible in carrying out greater percentage of agricultural labour and about 60 per cent food processing activities, they still have access to less than 20 per cent agricultural inputs being distributed nation wide”, saying such situation remains a serious challenge and impediment on the side of the women towards contributing having food security in the nation.
“I salute your efforts, encouragement and determination for actively participating in the socio- economic growth of the nation”, she further stressed.
While welcoming the women to the ceremony which was attended by governor’s wives from the 17 southern states of the federation, Governor Sullivan Chime of Enugu State, commended the First Lady for her effort in encouraging Nigerian women to embrace farming, disclosing that his administration places much emphasis on agriculture.
He made it clear that agriculture was one of his administration’s 4-point agenda, assuring that the state government would continue to encourage and support every genuine agricultural programme in the state.
Earlier in her brief speech, wife of the host governor, Mrs. Clara Chime who led other South-East governors’ wives to the well- attended event noted that despite the fact that majority of the southern people are subsistence farmers, their efforts are not recognized by government , pointing out that, about 70 per cent of all agricultural activities are done by rural women The Enugu State First Lady, however, regretted that despite the tremendous role played by women in the agricultural sector, they have continued to face a scores of obstacles, especially in the southern states of the country, listing some of such barriers to include lack of access to better technology of production and processing machines, non allocation of marginal lands to women, among others, pointing out that better ones are reserved for men in the country.
The occasion was graced by several women farmers’ groups, including the Nigerian Council of Women Society, among other women associations in Nigeria.
The Minister of State for Industry, Trade and Investment, John Enoh said this at the 8th annual induction and conference of the Chartered Institute of Project Managers of Nigeria (CIPMN).
He explained that abandoned projects continue to lock up public funds that could have been used for infrastructure development, industrial growth, job creation and essential social services.
Represented by the ministry’s Permanent Secretary, Chris Osa Isokpunwu, he said the impact goes beyond financial losses, as incomplete projects affect communities and limit access to important public services
He cited examples of that remain unopened, schools that cannot accommodate students, roads that fail to connect communities and electricity projects that have not delivered their intended benefits.
The Registrar-General and Chief Executive Officer of CIPMN, Henry Ifeanyi Mbadiwe, also identified poor project management as a major challenge affecting development in Nigeria.
He revealed that the institute had developed a project management curriculum for Nigerian universities, which has received approval from the National Universities Commission (NUC). The programme is expected to enable universities to offer project management as a bachelor’s degree.
Mbadiwe further referenced findings by the Presidential Projects Assessment Committee, which identified 11,886 ongoing federal capital projects in 2011, with an estimated financial commitment of ?7.78 trillion.
He noted that inadequate planning, supervision, accountability and implementation were among the factors contributing to the abandonment of projects across the country.
The minister called for stronger project management structures across ministries, departments and agencies to improve planning, monitoring and evaluation.
He added that the Federal Ministry of Industry, Trade and Investment had introduced a 90-day implementation reporting cycle to strengthen transparency and monitor the progress of government programmes.
Ikenga said the company remained committed to Nigeria’s power sector and would continue investing in its operations despite the challenging business environment.
He spoke in Lagos at the third edition of the Shell Power Conference, themed “Powering Nigeria’s Progress: Turning Ambition and Action into Sustainable Impact”.
The Transcorp Power chief said the company would sustain electricity generation, invest in its facilities and deliver value to shareholders.
“Transcorp Power is a long-term player, not a short-term player. This year has been challenging, but what is important is getting power to schools, hospitals and businesses to power progress,” he said.
Ikenga said the company’s focus on operational efficiency and investment had strengthened its contribution to Nigeria’s electricity supply.
He disclosed that since acquiring the Ughelli Power Plant in Delta State in 2013, Transcorp Power had quadrupled its available generation capacity.
He also said the company became the first privatised power generation firm to receive a post-privatisation discharge certificate after fulfilling all its privatisation obligations.
The company’s unaudited results for the nine months ended September 30, 2026, showed a profit before tax of N83.1 billion, while its profit-before-tax margin rose to 31.2 per cent from 29.6 per cent recorded in the corresponding period of 2025.
Its total assets rose to 11.7 per cent amounting to N629.5 billion, while shareholders’ funds grew 8.9 per cent to N199.8 billion. Cash and cash equivalents also rose to N10.3 billion, supported by improved collections.
On the company’s contribution to grid stability, Ikenga said Transcorp Power’s black-start capability enabled it to restart operations without relying on electricity from the national grid.
He explained that the capability allowed the company to support power restoration following grid disturbances, helping to restore electricity supply to homes, businesses and industries.
Ikenga noted that Nigeria had an installed electricity generation capacity of about 13,000 megawatts, with an estimated potential of 50 gigawatts, adding that realising the potential would require effective coordination across the entire value chain.
“Everything in the value chain has to work,” he said.
He called for stronger collaboration among federal and state governments, regulators and private-sector operators, alongside increased private investment, to build a sustainable electricity market.
This was contained in a statement issued on Thursday by his Senior Special Assistant on Communications and Press Secretary, Maryann Duke.
The statement said Oyedele pointed to “improved digital systems, including electronic invoicing, as a key driver behind a record of N33tn in government revenue collected between January and October 2026.”
The minister said the performance demonstrated the potential of technology to improve revenue administration, strengthen compliance and increase efficiency across government institutions.
Speaking on the theme, ‘Digital Sovereignty and Ethics: Guarding the Economy for the Next Generation,’ Oyedele warned that Nigeria risked losing substantial economic opportunities if it continued to depend heavily on foreign digital infrastructure.
Citing Nigerian Communications Commission figures, he disclosed that the country recorded more than 157 million active internet subscriptions as of May 2026.
He explained that these connections generated significant volumes of information through financial transactions, healthcare, education and taxation.
However, citing estimates from the Nigeria Data Protection Commission, Oyedele said as much as 90 per cent of the country’s data was hosted abroad.
According to him, the situation has implications for foreign exchange expenditure, employment opportunities, technological skills and Nigeria’s control over information generated by its citizens.
He compared the country’s reliance on foreign digital infrastructure with its historical dependence on imported refined petroleum products, warning against a situation where Nigerian data would be processed abroad and the resulting services sold back to domestic users.
The minister consequently advocated greater investment in local data infrastructure, technical expertise, cybersecurity and predictable regulations to enable Nigerian businesses to capture more value from the digital economy.
He clarified that digital sovereignty should not translate into technological isolation but should strengthen Nigeria’s capacity to participate competitively in international markets.
Addressing graduating students, Oyedele urged young Nigerians to become developers of technological solutions rather than remain primarily consumers of products created elsewhere.
He identified artificial intelligence as both a disruptive force and an opportunity for innovation, advising graduates to acquire relevant digital skills alongside critical thinking, creativity, sound judgement and integrity.
The minister also cautioned against irresponsible online behaviour, explaining that digital footprints increasingly influence employment prospects, commercial relationships and professional credibility.
Oyedele outlined five priorities for graduates, including continuous learning, value creation, integrity, responsible digital citizenship and active participation in national development.
“Your degree is evidence of what you have learned. Your competence will demonstrate what you can do. Your character will reveal who you truly are,” he told the graduating students.
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