Business
N2.67bn School Feeding Funds Found In Private Accounts, ICPC Confirms …Ministry Feigns Ignorance

The Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, says the agency has discovered N2.67billion meant for the school feeding programme in private accounts.
The agency, he added, also found over N2.5billion diverted by a deceased worker with the ministry of agriculture, noting that 18 buildings, 12 business premises and 25 plots of land, were also recovered in the ministry.
Owasanoye disclosed this in Abuja on Monday at the second National Summit on Diminishing Corruption in the Public Sector, which was organised in collaboration with the Office of the Secretary of the Government of the Federation.
The summit with the theme, “Together against corruption”, also included the launch of the National Ethics and Integrity Policy.
He said under the Open Treasury Portal review carried out between January and August 15, 2020, 72 out of 268 ministries, departments and agencies had cumulative infractions of N90million.
According to him, while 33 MDAs explained that N4.1billion was transferred to sub-Treasury Single Account, N4.2billion paid to individuals had no satisfactory explanations.
He stated, “We observed that transfers to sub-TSA were to prevent disbursement from being monitored. Nevertheless, we discovered payments to some federal colleges for school feeding in the sum of N2.67billion during lockdown when the children are not in school, and some of the money ended up in personal accounts.”
The ICPC chairman also said under its 2020 constituency and executive projects tracking initiative, 722 projects with a threshold of N100million (490 ZIP and 232 executive) were tracked across 16 states.
He noted that the constituency tracking project of the agency compelled 59 contractors to return to sites, adding that the individuals handling the projects worth N2.25billion had abandoned the projects before the ICPC’s intervention.
President Muhammadu Buhari said his regime would not relent in its efforts to eradicate corruption in the country.
He reiterated his position that if corruption was not eradicated, the menace would kill the country.
Buhari spoke at the second national summit of the ICPC and the inauguration of the National Ethics and Integrity Policy to mark the commission’s 20th and Nigeria’s 60th Independence anniversaries.
Meanwhile, the Ministry of Humanitarian Affairs, Disaster Management and Social Development has dissociated itself from reports that N2.67billion meant for the feeding of schoolchildren during the lockdown was diverted to private accounts.
In a statement issued on Monday night by the Special Assistant on Media to the Minister, Nneka Anibeze, stated that the statement by the Independent Corrupt Practices and Other Related Offences Commission on the said funds was twisted and misinterpreted.
“The Ministry of Humanitarian Affairs, Disaster Management and Social Development hereby informs the public that the Federal Government colleges school feeding in question is different from the Home Grown School Feeding which is one of its Social Investment Programmes,” it said in the statement.
It stated that the school feeding under scrutiny was the feeding of students in Federal Government colleges across the country.
“It is not under the Federal Ministry of Humanitarian Affairs which only oversees Home Grown School Feeding for children in Primaries one to three in select public schools across the country,” the ministry argued.
It added, “The ministry or the minister does not even handle or disburse funds for Home Grown School Feeding. The money for funding the programme neither passes through the minister nor the ministry.”
It explained that the over N2.5billion which was reportedly misappropriated by a senior civil servant took place in a different ministry and not the Ministry of Humanitarian Affairs, Disaster Management and Social Development.
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.
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