Business
Poultry Farmers Tasks FG On Export Policy Review
Poultry farmers in Abuja have called on the Federal Government to review the nation’s policy on exportation of agricultural raw materials to create employment opportunities for youths in the sector.
A cross section of the farmers said this in separate interviews with newsmen yesterday in Abuja, on the sideline of activities marking the Christmas celebrations.
Some of them said the problem of inaccessibility of raw materials was among the challenges militating against local production of poultry substances and job creation in the sector.
They also said that lack of adequate raw materials could hinder growth in the revenue generation of the nation’s Gross Domestic Product (GDP).
Others appealed to government to review its policy on exportation of materials used for processing of poultry feed to enable the business to thrive.
A farmer in Kuje, Mr Kunle Adeniyi, said that he stopped rearing poultry birds in April due to impact of unfriendly government policies on materials.
Adeniyi lamented that the price of vaccines, building of the poultry cage and other facilities required for the poultry farming had increased.
He said although government established policy to encourage people to engage in the farming, there were stringent principles that made it impossible for people to achieve the goal.
According to him, one major factor affecting poultry farming negatively was high cost of feed required for provision of nutrient.
“Instead of government to design policy that will bring about result in price reduction, it is rather exporting maize, when we can actually process such raw materials into finished products
“No country ever develops like that, government must review its policy to encourage poultry rearing and boost food production in Nigeria.
“It should monitor policies that are made to ensure the effective implementation; when you export raw materials it should enhance our economy.
“If you want to create jobs, is it by exporting raw materials? Government must review its policy to bring about self sufficiency and sustainable food security.
“We can never grow in the sector through such means; rather, government must come up with measures to process raw materials, to create more jobs and increase the GDP,” Adeniyi said.
Another farmer in Bwari, Mr Clement Nwanze, said that the business operation yielded profit for him, in spite of the ugly incidence of crisis that ensued during the Christmas celebration in Bwari.
He said inadequate finances, high cost of feed, vaccines and insecurity of the birds were major challenges in poultry production.
According to him, rearing of poultry birds is good because “I had a good-turn over, despite the fact that it was my first time in the business”.
“I started by rearing 22 chicks in July that matured into Broilers, although I lost three in the process the turn over was profitable, Nwanze said
“By this time next year, I hope government will have reviewed its policy on exportation of raw materials, to enable poultry farmers to key into agriculture as source of sustainable economy”.
A farmer in Nyanya, Mrs Mary James, decried cost of maize, millet, rice and fish often used in the feed production of poultry.
She urged government to ban exportation of such materials to create room for local production of poultry feed.
James said “if that is done government will be doing poultry farmers great help, because not only will many people venture into it, it will also reduce cost of doing poultry businesses”.
“Exporting a finished product that has added value will promote Gross Domestic Product, but to export raw materials which are major source of production, will lead to business loss.”
She noted that if that was done, it would help to improve the culture of poultry production and ensure profit maximisation in the business.
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Business
Banks Must Back Innovation, Not Just Big Corporates — Edun
Edun made the call while speaking at the 2025 Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, where he reaffirmed the federal government’s commitment to sustaining ongoing reforms and expanding access to finance as key drivers of economic growth beyond four per cent.
“We all know that monetary policy under Cardoso has stabilised the financial system in a most commendable way. Of course, it is a team effort, and those eye-watering interest rates have to be paid by the fiscal side. But the fight against inflation is one we all have to participate in,” he said.
The minister stressed the need for banks to broaden credit access and finance innovation-driven enterprises that can create jobs for young Nigerians.
“The finance and banking industry has more work to do because we must finance their ideas, deepen the capital and credit markets down to SMEs. They should not have to go to Silicon Valley,” he said.
The minister who described the private sector as the engine of growth, said the government’s reform agenda aims to create an enabling environment where businesses can thrive, access funding, and contribute meaningfully to job creation.
Business
FG Seeks Fresh $1b World Bank loan To Boost Jobs, Investment
The facility, known as the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) operation scheduled for World Bank Board consideration on December 16, 2025.
According to the Bank’s concept note , the financing would comprise $500m in International Development Association (IDA) credit and $500m in International Bank for Reconstruction and Development (IBRD) loan.
If approved, it would be the second-largest single loan Nigeria has received from the World Bank under President Bola Tinubu’s administration, following the $1.5 billion facility granted in June 2024 under the Reforms for Economic Stabilisation to Enable Transformation (RESET) initiative.
The World Bank said the new programme aims to support Nigeria’s shift from short-term macroeconomic stabilisation to sustainable, private sector–led growth.
“The proposed Development Policy Financing (DPF) supports Nigeria’s pivot from stabilization to inclusive growth and job creation. Structured as a two-tranche standalone operation of US$1.0 billion (US$500 million IDA credit and US$500 million IBRD loan), it seeks to catalyse private sector–led investment by expanding access to credit, deepening capital markets and digital services, easing inflationary pressures, and promoting export diversification,” the document read.
The document further stated that Nigeria’s private sector credit-to-GDP ratio stood at only 21.3 per cent in 2024, significantly below that of emerging-market peers, while capital markets remain shallow, with sovereign securities dominating the bond market.
To address these weaknesses, the DPF will support the implementation of the Investment and Securities Act 2025, operationalisation of credit-enhancement facilities, and introduction of a comprehensive Central Bank of Nigeria rulebook to strengthen risk-based regulation and consumer protection.
The operation also includes measures to deepen digital inclusion through the passage of the National Digital Economy and E-Governance Bill 2025, which will establish a legal framework for electronic transactions, authentication services, and digital records.
Beyond the financial and digital sectors, the programme targets reforms to lower production and living costs by tackling Nigeria’s restrictive trade regime. High tariffs and import bans have long driven up consumer prices and constrained competitiveness, particularly for manufacturers and farmers.
Under the proposed reforms, Nigeria would adopt AfCFTA tariff concessions, rationalise import restrictions, and simplify agricultural seed certification to increase the supply of high-quality varieties for maize, rice, and soybeans. The World Bank projects that these measures will help reduce food inflation, attract private investment, and enhance export potential.
The operation is part of a broader World Bank FY26 package that includes three complementary projects—Fostering Inclusive Finance for MSMEs (FINCLUDE), Building Resilient Digital Infrastructure for Growth (BRIDGE), and Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW)—all focused on expanding access to finance, strengthening institutions, and mobilising private capital.
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