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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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NCAA Certifies Elin Group Aircraft Maintenance

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The Nigerian Civil Aviation Authority (NCAA) has certified Elin Group Limited to operate as an approved aircraft maintenance organization (AMO).
Elin Group Limited confirmed the certification in a Statement released at the Weekend.
The Executive Director, Elin Group Limited, Engr. Dr. Benedict Adeyileka, noted the significance of the certification, stating that it recognizes the company’s commitment to upholding high maintenance standards.
Adeyileka also stated that “the issuance of the AMO Certificates and OPSPEC by the NCAA is a landmark for both Elin Group and Nigeria’s aviation industry. This approval empowers us to maintain our fleet and extend services to other operators, thereby supporting the sector’s growth.
“It affirms the standards we have upheld over the years and places on us the responsibility to expand services that strengthen the aviation ecosystem. We thank the NCAA for their confidence in our capabilities.
“This recognition inspires us to keep striving for excellence and innovation in building a stronger, safer, and more sustainable aviation industry.”
The certification follows the company’s recent completion of a 7,800 landings maintenance check on its Bombardier Challenger 604 aircraft and Agusta A109E helicopter.
This type of inspection, similar to a D-check in commercial aviation, was conducted entirely in Nigeria for the first time.
With the NCAA approval, Elin Group is authorized to maintain its own fleet and provide maintenance services to other operators.
The certification is expected to contribute to the growth of local aviation maintenance capabilities.
“PenCom Raises Capital Requirement For PFAs To N20b
…Sets December 2026 Deadline
The National Pension Commission (PenCom) has announced a sweeping revision to the capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), raising the minimum threshold for PFAs tenfold, from N2 billion to N20 billion.
The move, aimed at strengthening financial stability and operational resilience, marks one of the most significant regulatory shifts in Nigeria’s pension industry in over two decades.
In a circular titled “Revised Minimum Capital Requirements for Licensed Pension Fund Administrators and Pension Fund Custodians”, PenCom stated that PFAs with Assets Under Management (AUM) of N500b and above must now maintain a capital base of N20 billion plus 1% of the excess AUM beyond N500 billion.
The revised capital requirements for both PFAs and PFCs would take effect immediately for new licenses, while existing operators have until December 31, 2026, to comply.
PenCom would monitor compliance every two years based on audited financial statements, and any shortfall must be rectified within 90 days.
PenCom emphasized that the review is anchored in Sections 60(1)(b), 62(b), and 115(1) of the Pension Reform Act (PRA) 2014. It aims to support the long-term viability of pension operators, improve service delivery, and ensure the sustainability of the Contributory Pension Scheme (CPS), which has now been in operation for 21 years.
“PFAs are therefore required to maintain adequate capital to sustain the achievements of the CPS, support ongoing pension reform initiatives, and deploy adequate resources to effectively fund operations,” PenCom stated.
PFAs with AUM below N500b are also required to meet the new N20 billion minimum. Special Purpose PFAs, such as NPF Pensions Limited, must hold N30 billion, while the Nigerian University Pension Management Company Limited is required to maintain N20 billion.
“The capital requirement was reviewed in line with global best practice, which ensures that capital is proportionate to the risk exposure of the Pension Fund Operator. The new model aligned the capital requirement with the Pension Asset Under Management (AUM) and Assets Under Custody (AUC) of the PFAs and PFCs respectively”, the circular stated.
For Pension Fund Custodians (PFCs), the minimum capital requirement has been raised from N2 billion, unchanged since 2004, to N25 billion plus 0.1% of AUC.
The Commission cited the exponential growth in assets under custody and the increasing complexity of operations, including technology deployment, cybersecurity, and staff welfare, as key drivers of the revision.
“The operating landscape of PFC business has evolved significantly over 21 years,” the circular noted. “These developments underscore the need to reassess the adequacy of the existing capital threshold to ensure continued financial stability and effective risk management”, it stated.
The announcement signaled PenCom’s commitment to aligning Nigeria’s pension industry with global standards, ensuring that operators are well-capitalized to navigate macroeconomic pressures and deliver secure retirement benefits to millions of Nigerians.
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SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

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The Corporate Affairs Commission (CAC) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) are deepening partnership to ease business registration for small business owners in the country.
The agreement would provide the framework for free registration of 250,000 Micro Small and Medium Enterprises (MSMEs) across the country.
The Registrar-General, CAC, Hussaini Magaji, revealed this during the signing of a Memorandum of Understanding (MoU) between both organisations, in Abuja, at the Weekend.
Magaji said that the framework provided under the Renewed Hope Agenda of President Bola Tinubu’s administration would eliminate cost barriers by waiving all statutory fees.
According to him, entrepreneurs would now be able to obtain certificates seamlessly, without delays or middlemen, through the CAC portal.
He said, “Formalising a business is more than obtaining a certificate.
“It provides entrepreneurs with a legal identity, improves access to finance and markets, enhances record keeping and strengthens compliance with tax or regulatory obligations.
“For the government, it expands the tax base, improves policy design and reflects the two sides and contribution of our MSME sector.
“By formalising an additional 250,000 enterprises under this initiative, we are helping to create jobs, foster innovation and build a more inclusive economy,” he said.
The registrar-general, while commending SMEDAN on the partnership, urged the MSMEs to take advantage of this opportunity to formalise their businesses, access new opportunities and become part of Nigeria’s growth story.
Magaji also appealed to the media to Partner in amplifying this message to ensuring that every deserving entrepreneur is carried along.
On his part, the Director-General of SMEDAN, Charles Odii, hailed the initiative as a milestone for small businesses, describing it as one of the “big wins” of the current administration.
Odii explained that SMEDAN would mobilise, profile and guide eligible businesses for registration through its dedicated online portal.
He insisted that the platform would eliminate the role of middlemen, who previously inflated registration costs, sometimes charging between N30,000 and N100,000 against the official CAC rate of about N11,000.
Odii said the initiative would complement the President’s N200 billion economic assistance programme, which provides N50 billion in grants for nano businesses, N75 billion in single-digit loans for SMEs and N75 billion for manufacturers.
He said that the interventions demonstrated the resolve of government to ease the cost of doing business and expand opportunities for entrepreneurs.
The director-general said that the MoU was timely, especially as CAC prepared to review its fees by October, reiterating that the initiative ensures 250,000 businesses will benefit from free registration before the review.
According to Odii, many businesses collapse within their first five years due to a lack of structure, noting that registration was the first step to building resilience.
The SMEDAN boss assured that beyond registration, SMEDAN would continue to support entrepreneurs through business clinics, advisory services and linkages.
He said this would be done in collaboration with other agencies such as the Standards Organisation of Nigeria (SON) and the Nigerian Export Promotion Council (NEPC).
Odii also commended the President’s move to raise the tax exemption threshold for small businesses with N25 million to N50 million annual turnover, saying it will reduce the burden on enterprises and encourage compliance.
He thanked the Registrar-General of CAC, the Federal Ministry of Industry, Trade and Investment and the Chief of Staff to the President for their support in bringing the initiative to fruition.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

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Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.

Coordinating Minister of the Ministry,
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
The Permanent Secretary of the ministry, Olufemi Oloruntola, stressed that the funding gap  must be closed to move from policy to practice.

“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.

He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.

Oloruntola argued that the sector’s potential goes beyond trade, pointing to the surge of diaspora spending every festive season. With the right coastal infrastructure, he said, the marine economy could capture a slice of those inflows as foreign exchange and revenue.

The Chief Executive, Nigerian Exchange (NGX), Jude Chiemeka, said blue bonds, which are loans raised through the capital market, but tied specifically to projects that protect or develop marine projects, could unlock huge sums of much-needed capital.

He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”

The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.

Seychelles, he pointed out, raised $15 million from a blue bond to support its fisheries industry, a scale Nigeria, with over 853 km of coastline and significant freshwater bodies, could surpass.

Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.

“Even the most innovative financial tools and private investments require a solid public funding base to thrive.

“We therefore call on the relevant authorities, most especially the National Assembly, to prioritise the marine and green economy sector.”

“Nigeria must match ambition with resources” and “strategy into execution”, he said

It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.

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