Business
Obasanjo Tasks IITA On Research Findings
Former President Olusegun Obasanjo has congratulated the International Institute of Tropical Agriculture (IITA), Ibadan on its 50th anniversary and urged it to ensure its research findings get to farmers.
Obasanjo gave the charge at the grand finale of the institute’s 50thanniversary celebration in Ibadan last Friday.
The programme had as its theme, ‘Towards Food and Nutrition Security for the Next Half Century: Challenges, Opportunities and Strategies’.
Obasanjo noted that IITA’s research, especially on cassava, had enabled Nigeria to be the largest cassava producing country in Africa.
Obasanjo, who is also the Honorary International Ambassador of IITA, urged the institute to ensure that the research findings got to farmers as quick as possible no matter what the cost might be.
“A research product that does not get to the farmers is already wasted, so getting the products to them is as important as the research also,” he said.
Earlier, the IITA Director-General, Dr Nteranya Sanginga, said the major concern for development in Africa was leadership, saying ‘if we get it in leadership, we have gotten it in all’.
Sanginga noted that the conference leveraged on the potential of science for the transformation of agriculture toward increased food security and economic development for African countries.
He said that the conference was pertinent, particularly given the challenges of population growth and climate change.
“It’s estimated that the population of the world would reach nine billion by 2050, food availability in quantity, quality would be a major challenge for feeding this number of people.
“Climate Change with direct and indirect consequences places further challenge on this scenario,” the IITA director-general said.
He urged scientists to think about the future of agriculture in the next 50 years.
The Chairman of the 50th Anniversary Committee, Dr Kwesi Atta-Krah, said the conference provided opportunity for the exchange of ideas among experts on food and nutrition security futures-strategies and opportunities.
He added that it would help in mapping a roadmap for future research and delivery for IITA and partners.
Atta-Krah said that agriculture was central to the development of the African continent, currently contributing 40 per cent to 80 per cent to Gross Domestic Product in many countries.
“Agriculture has the potential to drive economic development and wealth creation. IITA positions itself as a key partner for the realisation of this vision for African agriculture,” he said.
In a message, the Commissioner, Rural Economy and Agriculture, African Union Commission, Mrs Josefa Sacko, said IITA had developed technologies that contributed to the development of agriculture in Africa.
She remarked that its research produced many improved varieties in most of the major staples in the continent, including banana/plantain, cassava, maize and yam which created wealth for farmers and value chain actors.
She congratulated the institute on its 50th anniversary and achievements and promised that the African Union Commission would continue to partner with them to ensure its goal.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.