Business
Kogi Gets N150m Agric Dev Fund -FADAMA
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.
Business
Nigeria’s Gold, Other Solid Minerals Being Stolen – NEC
The National Economic Council has expanded the mandate of its Ad-hoc Committee on Crude Oil Theft Prevention and Control to cover illegal mining.
This is just as the council raised the alarm that the nation’s solid minerals, including gold, are being mined and stolen.
Imo State Governor, Hope Uzodimma, who chairs the committee, disclosed this while briefing State House correspondents after the 153rd NEC meeting chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja, yesterday.
Uzodimma said the expanded mandate is part of the government’s efforts to curb resource theft and increase revenue from Nigeria’s solid minerals sector.
“The National Economic Council Ad-hoc Committee on Crude Oil Theft Prevention and Control, which I chair, presented an interim report today to the Council.
“NEC received our report with satisfaction and expanded our Terms of Reference to now also take interest in solid minerals, because our solid minerals are being mined and stolen and not adding to national revenue,” said Uzodma.
He noted that the expanded role would enable the committee to coordinate with the Ministry of Solid Minerals Development and other federal and subnational institutions to combat widespread illegal gold mining and other forms of mineral smuggling that have deprived the country of much-needed foreign exchange.
“Going forward, our committee, working with other government agencies, will look at how to ensure that the revenue of the country arising from solid minerals like gold and other forms of solid minerals are not allowed to be stolen,” the governor added.
NEC’s Ad-hoc Committee on Crude Oil Theft Prevention and Control was first established under former President Muhammadu Buhari in August 2022.
It was reconstituted under President Bola Tinubu in December 2023 with Uzodinma as chairman.
The committee was initially mandated to address the challenge of crude oil theft and pipeline vandalism.
Its creation followed rising oil theft that had crippled national production and forced international oil companies to shut down key pipelines.
At the time, oil production had crashed to around 700,000–800,000 barrels per day, far below Nigeria’s OPEC quota, costing the government billions of dollars in lost export revenue.
Uzodimma explained that through what he called a “collaborative approach” involving regulators, operators, and the security forces, the committee had helped raise daily crude oil production to over 1.7 million barrels per day in the past 22 months.
The governor stated, “Before May 29, 2023, when President Bola Tinubu was sworn in, our crude oil production was around 700,000 to 800,000 barrels a day.
“Working with stakeholders, the regulators, operators in the industry, and the Navy, we were able to involve all the governors of crude oil-producing states and raise different security organisations.
“You would agree with me that as I speak, daily production is now in excess of 1.7 million barrels a day, and cases of pipeline vandalism and vandalisation of oil assets have also been on the decline.”
The council, he said, was satisfied with the progress and decided to deploy the same model of intergovernmental coordination, private-sector partnership, and multi-agency surveillance to the mining sector, plagued by resource theft.
“We are determined to ensure that crude oil production and gas are properly preserved for the benefit of our citizens.
“Now, with this new directive, we will also protect our gold and solid mineral assets,” Uzodinma added.
Nigeria’s illegal mining economy, particularly in gold, lithium, and other high-value minerals, has grown into a multibillion-naira shadow industry.
According to data from the Nigeria Extractive Industries Transparency Initiative, the country loses an estimated $9bn annually to illegal mineral extraction and smuggling.
The Federal Government has linked several unlicensed mining operations to armed groups in the North-West and North-Central regions, where gold has become a source of illicit financing for bandits.
A 2023 NEITI audit also showed that over 80 per cent of mining activities in Nigeria were conducted informally, without licenses or environmental oversight.
In September 2024, the Ministry of Solid Minerals Development revoked over 900 dormant licences and announced plans for a national gold reserve policy. But enforcement remains difficult, with weak surveillance, limited manpower, and overlapping regulatory mandates.
According to Uzodimma, the expanded mandate aims to integrate the fight against illegal mining into the broader national resource protection framework previously used in the oil sector.
“We have done well,” he claimed, adding, “Among other things, we recommended that NNPC, working with security agencies and their consultants, should strengthen security in all the creeks and extend coverage to offshore regions. That will help in curtailing and supervising illegal entries and exits of vessels into our export terminals. This same spirit will now guide our solid minerals sector.”
The committee is expected to submit its first progress report on the expanded mandate at the next NEC meeting in November.
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