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2016 Budget: Passage Date Shifts Again

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The Senate has said that
the Thursday deadline fixed for passage of the 2016 Appropriation Bill was no longer feasible.
Spokesman of the senate, Aliyu Sabi, gave the indication in Abuja when he briefed newsmen on the latest development on the Bill in the National Assembly.
He said that the budget would be laid on Thursday last but would be subjected to further legislative actions which would last for days before legislative action would be concluded on it.
Sabi, who did not give a new date for the approval of the budget, explained that the briefing was to forestall any speculations on the position of the budget.
“All is almost set for the laying of the 2016 budget on Thursday last at the senate as we have promised Nigerians.
“With that, one or two processes that are required will take place and we will have our budget as promised.
“This has put to rest any suspicion of what is happening. I am here to inform you that tomorrow Thursday, March 17, God sparing our lives the 2016 budget will be laid last by the Chairman of the Appropriation Committee.
“We are laying the budget and that means that every little work that needed to be done with respect to getting that budget as an appropriation has been done.
“Literally, laying the budget means that beyond laying it, we will discuss it, by taking it clause by clause and giving it the loud voice that would proclaim its passage,” he said.
He said that the fact that the Senate had worked on the budget to the point of having it ready to be laid last Thursday was a clear indication of the readiness of the senate to meet its initial March 17 deadline.
Sabi commended the effort of the senate so far and said that the chamber was determined to give Nigerians a budget that would be acceptable and implementable.
“When a target is set it is to allow you to work very hard to achieve the target. By virtue of the fact that the budget would be laid tomorrow, it shows that we had worked so hard to get to that point.
“After laying the budget, the rest is merely administrative.
“As far as we are concerned, in line with the legislative procedure, laying the budget tomorrow is as good as we have passed the budget.
“What remains is for us to go through one or two things as a procedure; we have done very well by ensuring that the budget would be laid tomorrow,’’ he added.
It would be recalled, President Muhammadu Buhari presented the 2016 budget to a joint session of the National Assembly on December 22, 2015.
After weeks of defence of the budget by Ministries, Departments and Agencies, the parliament announced that the budget would be approved on February 25, 2016.
It could not achieve this due to contentious issues of alleged padding which ensued.
It later gave March 17 as deadline for the passage.

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USTR Criticises Nigeria’s Import Ban On Agriculture, Others

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The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the  Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.

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Expert Seeks Cooperative-Driven Investments In Agriculture 

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A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.

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NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

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The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.

King Onunwor

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