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Kogi Gets N150m Agric Dev Fund -FADAMA

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The World Bank-assisted Fadama III Additional Financing project said it has designed a N150 million agricultural development programme for Kogi under FADAMA III programme.
The project’s Task Team Leader, Dr Adetunji Oredipe, stated this in an interview with newsmen yesterday  in Lokoja during an assessment visit to the state.
He said that the programme was also designed to provide support to rural farmers across the value chains of cassava, rice, sorghum and horticulture.
The task team leader added that the programme was to rehabilitate access roads to the rural communities to facilitate market accessibility by the farmers.
He told newsmen that it was aimed at building new generations of business-oriented agro-entrepreneurs as well as giving farmers a new way of feeding their families and earning good incomes.
Oredipe said that the programme was also going on simultaneously in other states like Niger, Kano, Lagos, Anambra and Enugu.
He said some of the states had prepared their designs, while others were already launching their procurement processes, and expressed the hope that the programme will take-off by June.
According to him, the programme covers land preparation activities such ploughing, rigging and secondary level clearing, among others.
He said that the World Bank would provide N120 million while the state government is expected to pay the balance of N30 million as its counterpart contribution.
Oredipe, who stated that the project team was poised to tackle the challenges facing Kogi farmers, appealed to the state government to meet its counterpart obligations.
“We are appealing to the state government to support implementation of this critical programme by fulfilling its counterpart obligations.
“In the face of the prevailing economic hardship facing them, the state government should prioritise wealth and job creation programmes such as the Fadama III.
“ If the government is able to do this and make the needed resources available, together we can work to achieve the objectives set out in the project document,’’ he said.
The team leader identified clearing of virgin land, in adequate market as two of the major challenges facing farmers in the state.
Oredipe said that in view of some of the challenges facing the farmers in the state, the Rural Access and Mobility Project (RAMP) was designed to align with the programme.
“The cost of clearing land, especially in Kogi, is very high and is not covered by Fadama III Additional Financing project.
“We have discussed this with the government, and we are happy to report that the government has acquired new sets of equipment to assist farmers in this regard.
“The state Deputy Governor, Mr Yomi Awoniyi, told the team that government had acquired at least 19 bulldozers, some tractors and other equipment to boost crop production in the state,’’ he said.
Oredipe said that the state agricultural project unit would further discuss with the state government, on how best to take advantage of the new equipment to help farmers with land clearing.
“The programme is also promoting the establishment of agricultural centres close to the farms where off-takers can easily access and pick up the produce.
“This will save the farmers the stress and loss associated with transporting their produce, over long distances, to the market.
“At the agricultural centres, facilities will be provided to assist farmers with initial processing of their produce to ensure convenience for the off-takers,’’ he said.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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