Business
FG Saves N206bn From Salaries In Two Years – Director
The Director, Integrated Personnel Payroll Information System (IPPIS), Mr Olufehinti Olusegun, says the Federal Government saved over N206 billion in salaries of federal civil servants during the 2017 and 2018 fiscal years.
Olusegun, who made the disclosure in an interview with newsmen in Abuja yesterday, said this was achieved through blocking financial leakages of ghost workers.
He gave the breakdown as N76 billion in 2017 and N130 billion in 2018, adding that the current administration of President Mohammadu Buhari had helped sustain the policy introduced in 2007.
He said the administration, through the offices of Accountant-General of the Federation and the Minister of Finance, ensured that all the 512 Ministries, Departments and Agencies (MDAs) and their 740,000 workforce, had been properly streamlined into the IPPIS.
He said from 2015 till date, the Federal Government, as part of the gains of the IPPIS, had been able to employ more than 70,000 new workers into the federal civil service.
He revealed that the Federal Government also had given the deadline of March for all MDAs to join the IPPIS or have their salaries stopped.
“ What we have been able to achieve in IPPIS from 2015 till date is due to the political will of the current administration, most especially from the president himself.
“He has been able to bring in the Nigeria Police, the NSCDC, the immigration and the prisons into IPPIS, unlike what it used to be; in fact, we just finished capturing the military.
“The kind of support we have enjoyed from the Office of Accountant-General of the Federation, former minister and current minister of finance, has been so tremendous,” he said.
He, however, identified lack of infrastructure and inaccurate information being supplied by civil servants as parts of challenges facing the policy.
“It has not been without challenges; we have challenge of infrastructure and in terms of capturing. people do not seem to be bothered about the information that is supplied.
“Where your bank account number is not complete or correct, there will be a problem because you will not get your money. Where your date of birth is not correct there will be a challenge too,’’ he said.
The director said there were ongoing moves to form synergy with state governments towards domesticating IPPIS in their domain for effective accountability and elimination of ghost workers.
He also urged those MDAs yet to join the IPPIS to do so in time so as to help government achieve its dream of sanity in the salary payment policy.
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