Business
Presidency Reassures Workers On New Minimum Wage
The Presidency has re-assured workers of the commitment of President Muhammadu Buhari’s administration to increase the minimum wage.
The Senior Special Assistant (SSA) to the President on National Assembly Matters (Senate), Senator Ita Enang gave the assurance at a media forum in Abuja.
Enang spoke at the backdrop of alleged lack of commitment by the Federal Government to an upward review of the minimum wage, which has been N18, 000 for over eight years.
“I want to assure you that the Buhari-led administration is very honest and committed to reviewing the salaries of workers.
“If he did not, he would not have set up a committee on minimum wage headed by a retired Head of the Civil Service of the Federation.
“This is a sign of commitment, and this retired HoS is not an off-the-mill retired Head of the Civil Service of the Federation; the Minister of Labour is part of it.
“So, it shows the level of commitment, and it is not a committee of the Federal Executive Council; it is a presidential committee set up and inaugurated by the president.”
The tripartite National Minimum Wage Committee, made up of 29 members drawn from organised labour, the federal and state governments, was inaugurated in May, 2017.
Although the committee was given until September 1 to submit its report, it could not meet the deadline due to disagreement over the minimum wage figure.
On August. 21, the Minister of Labour and Employment, Dr Chris Ngige, blamed the delay on the inability of state governors to come up with an agreed figure.
Ngige, however, stated that the Federal Government through its Economic Management Team, was working with the governors to find a common ground.
Until then, the minister said he could not tell when the new minimum wage would be implemented.
On Monday, the Nigeria Labour Congress (NLC) through its President, Mr Ayuba Wabba, said the government was frustrating the process.
Wabba stated that the congress had summoned a meeting of its organs for next week to report the federal government and decide on the next line of action.
Enang also called on labour leaders to consider unemployed Nigerians in its demand for salary increment.
“So, when we are talking about increase in salaries, I agree to it, but I think we should also factor along creating employment for those who are yet to have.”
He said that the Federal Government was already working in that direction by encouraging its agencies and parastatals to employ young and qualified Nigerians.
Enang stated that the government was also creating self-employment opportunities for enterprising youths through its social investment programmes.
He added that the government was equally creating enabling environment in the agricultural and technological sectors for young Nigerians.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
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.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
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.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
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