Business

NNPC/Belemaoil JV Oversea Scholarship Beneficiaries Depart For UK, Ghana

Published

7 years ago

September 26, 2018

In a bid to advance the girl child education and sustain its Annual Scholarship Programme, Indigenous Oil Company, Belemaoil Producing Limited has sent ten Rivers State indigenes to the United Kingdom and Ghana for post-graduate and undergraduate studies under the NNPC/Belemaoil JV 2018/2019 Foreign Scholarship Scheme.
The beneficiaries who are all female hails from Khana, Abua/Odual, Ahoada-East, Etche, Oyigbo,Ikwerre, Degema, Asari-Toru, Ogu/Bolo and Ogba/Egbema/Ndoni local government areas of the State.
Eight of the beneficiaries, Kainde Chinenye Akaya, Precious Ogochukwu Ajim, Pearl Befee Ezekiel, Fame Obiageri Onyechere, Benebo Daviesba Josephine, Christiana Victor, Obunezi Onyinyechi Favour and Rejoice Nathaniel secured admission to the United Kingdom under the post-graduate category while two other beneficiaries Gloria Iyama Apikisierobia and Francisca Ibiso Francis were sent to Ghana under the undergraduate category.
The beneficiaries are to study courses which include International Relations, International Marketing Strategies, Human Resources, Accounting and Finance, Human Resource Management, Business Finance and International Management both in the UK and Ghana.
The Manager, External Relations, Belemaoil Producing Limited, Barr. Samuel Abel-Jumbo during a farewell and on-boarding session with the beneficiaries in Port-Harcourt said the scholarship is in fulfilment of the company’s promise and commitment towards the advancement of education within its operational base in Rivers State, Niger Delta and beyond.
He urged the girls to excel in their studies and be responsible ambassadors of Nigeria, Rivers State and NNPC/Belemaoil JV, adding that the ten beneficiaries are the first batch of the NNPC/Belemaoil JV 2018/2019 Scholarship as the scheme will continue in 2019.
”This is the first batch. Others will join as we make progress and hopefully in 2019 we will also continue. Our coming here this evening is to ensure that we bid them farewell, we hold an onboarding session and wish them well. We expect that they go out there as responsible ambassadors of Rivers State, of Nigeria and Belemaoil and indeed NNPC too. We expect that they complete their studies within record time and come back with flying colours and be useful and valuable to their country.
This batch is predominantly girls. We believe that the girl-child should be given the opportunity to excel. These were the crop of students among those of them that partook in the screening process that were able to come tops. And we believe that if we are able to impact positive.
“So we are very happy for this opportunity and as you can see they are also happy for the opportunity being given to them by Belemaoil in Joint Venture partnership with NNPC,” he said.
Also, the Executive Assistant to the Founder/President of Belemaoil and Head, Petroleum Engineering and Development, Mr. Sam Dambani charged the beneficiaries to take their studies serious in order to have a better future.
Some of the beneficiaries, who spoke to newsmen moments before their departure commended the management of Belemaoil for given them a lifetime opportunity to advance their academic pursuit. They promised to make the most of the opportunity and return back to add value to the society.
Earlier, the Director, Production and Engineering, Belemaoil Producing Ltd., Engr Mufaa Welsh, who addressed the beneficiaries said their performance will be a test case for the sustainability of the oversea scholarship for others.
“The courage for us to send the next people will be based on your performance. So, if you don’t perform there will be no need for us to send the next set. You are going to meet a lot of people from all over the world, you will meet new friends but remember where you are coming from. You are a pace-setter for your family so you need to make your parents proud, you have to make the country proud, you have to make Belemaoil Producing Ltd and you have to make our senior partners, NNPC proud,” he said.
On her part, representative of the Nigeria NNPC/NAPIMS, Mrs. Tolu Adefuwa, charged them to be self-confident and be dedicated to their studies in order to come out with good grades.

Business

Customs Seek Support To Curb Smuggling In Ogun

Published

1 day ago

February 13, 2026

The Tide

The Nigeria Customs Service(NCS), Ogun 1 Area Command, has solicited support in fighting smuggling and other economic crimes at the Nations border.

The Area Comptroller, Olukayode Afeni made the appeal in an interview with Newsmen in Idiroko, Ogun.

The comptroller stressed the need for the public to provide timely and reliable information to the Service, saying noting that fighting smuggling is a collective effort

“I urge the general public to join hands with NCS by providing timely and credible information that would help toward suppressing smuggling and other economic crimes.”

“Together, we can build a prosperous nation where compliance is the norm, and criminality has no place,” he said.

Afeni reiterated the command’s commitment to combat smuggling, and facilitating legitimate trade, as well as generate revenue for national development.

Chinedu Wosu

Business

IFAD: Nigeria Leads Global Push For Youth, Women Investment In Agriculture

Published

1 day ago

February 13, 2026

The Tide

The 49th Session of the International Fund for Agricultural Development (IFAD) Governing Council has concluded in Rome, with Nigeria taking a prominent leadership role in advancing global agricultural development priorities, particularly strategic investment in youth and women.

The biennial meeting, themed “From Farm to Market: Investing in Young Entrepreneurs,” underscored the growing recognition of young people as critical drivers of job creation, innovation, and inclusive economic growth across global food systems.

The session opened with the election of Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, as Chairperson of the IFAD Governing Council.

Having previously served as Vice Chair, his emergence as Chairperson reflects the strong confidence reposed in Nigeria by Member States, recognising the country’s constructive engagement and leadership in promoting global food security.

In his acceptance remarks, Senator Kyari expressed deep appreciation to Member States for the trust placed in him, pledging to serve with humility, diligence, and a strong commitment to improving the livelihoods of rural women and men across the world.

Addressing delegates during the session, the Chairperson emphasised that prioritising youth and women in agriculture is key to unlocking economic opportunities, accelerating innovation, and driving inclusive growth.

He noted that such investments would ultimately strengthen global food systems while helping to reduce hunger and poverty.

Senator Kyari also commended President Bola Ahmed Tinubu for placing food security at the centre of Nigeria’s national priorities.

He noted that Nigeria’s leadership role at IFAD aligns with the President’s directive to boost agricultural productivity, expand economic opportunities for youth and women, and build resilient food systems capable of withstanding climate and market shocks.

The Minister further praised the IFAD Nigeria Country Office, led by Country Director Ms Dede Ekoue, for translating global development commitments into measurable outcomes for rural communities.

He highlighted the office’s role in strengthening agricultural value chains, empowering youth and women, and improving resilience among smallholder farmers nationwide.

Business

Expert Tasks FG On Food Imports To Protect Farmers

Published

1 day ago

February 13, 2026

The Tide

The Federal Government has been urged to balance consumer protection with farmers’ sustainability by ensuring timely food imports, input subsidies expansion and price stabilisation mechanisms to secure investments across the agricultural value chain.

An agriculture expert, Dr Fatai Afolabi, gave the advice at a forum organised by the Plantation Owners’ Forum of Nigeria (POFON), in collaboration with the Oil Palm and Other Oil Seeds Value Chain, themed ‘Current Government Food Strategy, the Concomitant Effects and Implications for Food Security in Nigeria’, and held in Lagos, Wednesday.

Afolabi cautioned that the recent food import policies, while easing consumer prices, could undermine local farmers and long-term food security if not carefully managed.

He noted that Nigeria’s food system was navigating an exceptionally difficult period, marked by inflationary pressures, climate variability, insecurity in major food-producing regions, and rising energy and logistics costs.

He said the Federal Government’s decision to temporarily relax restrictions on selected food imports was understandable, noting that the market had responded swiftly with a reduction in prices of major staples.

However, the convener observed that while the policy had brought much-needed relief to consumers, it posed significant challenges for local farmers and agriculture value chain investors.

“While output prices have fallen, the cost of producing food in Nigeria remains stubbornly high.

“Farmers continue to contend with expensive fertilisers, rising transport costs, costly improved seeds and agrochemicals, limited access to affordable credit, poor electricity supply, weak road infrastructure, and inadequate storage and processing facilities, which result in significant post-harvest losses.

“This situation, where farmers sell produce at declining prices while production costs remain elevated, has created widespread distress across agricultural ecosystems,” he said.

Afolabi said the effects were being felt across all segments of agriculture, with rice farmers among the hardest hit.

He said reports from producing states indicated that about 3,500 rice farmers were considering exiting rice cultivation after incurring estimated losses of over N93 billion.

He added that cassava farmers were selling produce at prices that barely covered harvesting costs, leaving them unable to recover their investments.

According to him, vegetable and edible oil producers are also under pressure as imported vegetable oil brands reduce demand for locally processed alternatives.

He added that cocoa farmers continue to battle price volatility in international markets amid rising domestic labour and maintenance costs.

Afolabi noted that tree crops such as oil palm and cocoa, which require long gestation periods, were particularly vulnerable to sudden market disruptions that undermine investor confidence and discourage new investment.

He said the effects extended downstream to agro-processing and value addition, with soybean farmers supplying vegetable oil processors experiencing reduced demand and lower prices.

He said the development threatened not only farm incomes but also rural employment and agro-industrial growth, raising concerns about national food security.

According to him, sustained losses could force farmers out of production, increasing Nigeria’s dependence on food imports and exposing the country to global supply shocks, foreign exchange pressures and long-term vulnerabilities.

Afolabi cited India and the Netherlands as countries offering useful lessons in balancing consumer protection with farmer sustainability.

He said India deploys food imports strategically during shortages, while complementing them with strong domestic support systems.

He added that the Netherlands, despite being one of the world’s leading agricultural exporters, supports farmers through input subsidies, tax incentives, affordable energy, strong cooperatives, and close integration with research and extension services.

He said agricultural students in both countries also benefit from subsidised tuition, transportation and meals, as well as grants and start-up support for farm enterprises.

“This approach ensures generational continuity and innovation in the agricultural sector,” he said.

Afolabi said Nigeria’s current food import policy could play a stabilising role if complemented by deliberate measures to protect local producers.

He recommended carefully timed imports to avoid peak harvest periods, strengthened price stabilisation mechanisms, aggressive subsidies for critical farm inputs, and support for agro-processors to remain competitive.

He also called for clear communication of policy intentions to reassure farmers that import measures were strategic and temporary.

“Food imports should function as a strategic shock absorber rather than a permanent market feature.

“Government should develop and publish a national crop production and harvest calendar for major staples and align import decisions with documented supply gaps.

“Affordable food and profitable farming are not mutually exclusive goals. With thoughtful coordination and sustained support for farmers, Nigeria can achieve both,” he said.