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‘Future Of African Youths Lies In Agric’

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The President of the  African Development Bank (AFDB), Dr Akinwunmi Adesina  says the future of African youths lies in unlocking the tremendous opportunities available in agriculture.
Adesina said this at the inauguration  of  the Akin Adesina Agripreneurs building which was held as part of activities to mark the 50th anniversary  of  the International Institute of Tropical Agriculture (IITA) in Ibadan.
He said:  ”I firmly believe the future millionaires and billionaires of Africa will come from the agriculture sector.
“Africa is spending 35 billion dollars a year importing food. That is 35 billion dollars it should be keeping on the continent; that’s 35 billion dollars market  each year for its young people to tap into to create new wealth.
“ But to do that requires totally changing the lenses with which we look at agriculture.
“Agriculture should no longer be seen as a way of life or a development sector, but rather as a business for wealth creation.”
He said  many students  now  choose  to study agriculture as a last option
“Our young ones have memories of deserted villages with poor farmers.
“ With a rapidly aging population of farmers, unless something is done, urgently, Africa will have no farmers left within 20 years.
“The immediate action, therefore, must be to change the perception of agriculture.
“ We must make agriculture cool,” he said. He said youths’   involvement in agriculture was key to sustainable economic growth and  reduction of poverty across the continent. Adesina said that investing in the youth would protect the continent’s economy today and in the future.
He called on African governments to prioritise investments in youths and their business.
“The youths are like computer microchip processors inside of Africa’s economy. small, many, but if we’ll connected, will transform Africa’s economy with speed.
“Over the next 30 years, Africa’s GDP is estimated to grow by 500 billion dollars a year, if it is  able to address jobs for its youth, develop its human capital and improve access to better healthcare for its youths.
“GDP per capita in Africa will rise by 55 per cent in the next four years and by additional 55 per cent through 2050, if Africa provides jobs for its youths.
“The youths in agriculture, the agripreneurs, have set sail to a better future. Let’s put wind behind their sails,” he said.
The AFDB boss promised to  offer his unwavering support by working  tirelessly for agripreneurs across Africa.
“It is my hope that Akin Adesina Agripreneurs Building will become the oyster from where the pearls of wealth in agriculture will develop.
“The bank will be investing 24 billion dollars in agriculture over the next 10 years, with sharp focus on agricultural value chains, agribusiness and agroindustrial development, a key component of our strategy is to scale up support to agripreneurs, “ he said.
In his remarks, Dr Nteranya Sanginga, the Director General of IITA, said that the building would be used to train African youths in order to help them unlock employment opportunities and drive development through agriculture.
“Dr Adesina has staunchly promoted the cause of the African youths, especially strongly supporting the IITA Youth Agripreneurs (IYA) over the years.
“Through his initiative,  Jobs for Youth in Africa, the AFDB in collaboration with IITA would be scaling out the IYA  model of youth engagement in agribusiness to create  eight million agribusiness jobs within five years for youths.
“Over one billion dollars would be used to support agribusiness enterprises and jobs for young women and men who have embraced  agriculture as a business.
“In appreciation of his continuous support and deep commitment of the youth, the IITA Board of Trustees, Management and staff, and the IITA Agripreneurs are preserving Dr Adesina’s legacy by naming the Youth Training Centre at IITA Headquarters after him,” he said.

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TTP Trains Customs Agents, Freight Forwarders On Eto App 

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In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.

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NECA Holds MSME Fair To Drive Growth 

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Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
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· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
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· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
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· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.

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Over 2m Passengers Board Blue Rail Train – Commissioner 

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The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.

Nkpemenyie Mcdominic, Lagos

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