Business
‘Agriculture, Vital Part Of Rivers Economy’

The Eze Oha Evo III of Evo Kingdom, King Leslie Eke, has said agriculture is a vital part of Rivers State’s economy that provides employment opportunities, generates income, and contributes to food security.
Eke, who is the Eze Gbakagbaka of Evo Kingdom, said this recently when he spoke with newsmen at his palace in Woji Community, Obio Akpor Local Government Area.
He noted that the State is known for producing crops such as yam, cassava, cocoyam, maize, rice, and beans, with approximately 39 percent of its land area suitable for cultivation.
He listed some of the challenges in the system to include, high cost of farm implements such as fertilizers, seeds and other agricultural equipment which, according to him, has made things difficult for farmers.
Other challenges, he noted, are high cost of production and access to long term loans/grants that have so far hindered farmers’ ability to expand their farms.
Eke, who also is the Chairman of the Supreme Forum of Ikwerre Government Recognised Traditional Rulers, urged the government to take steps and remove some of its regulatory policies, if they want the farmers to do well.
“These challenges have significant implications on food security, poverty reduction, and economic growth in Rivers State. The state’s agricultural sector is not operating at its full potential, resulting in reduced food production, increased poverty, and limited economic opportunities”, he said.
He reiterated the need for government and private sector to invest more in agriculture to improve infrastructure, access to inputs and credit facilities.
According to him, such moves must be intentional while the government should also consider improved policy implementation.
“Policies must be implemented effectively, with minimal political interference. Farmers should have access to training and education to adopt modern farming practices. The Federal Government’s agriculture subsidy programmes should be inclusive, covering all regions and farmers.
“To revitalise the agricultural sector in Rivers State, a comprehensive approach is needed. This includes addressing the challenges mentioned above, investing in infrastructure, and promoting modern farming practices.
“By working together, stakeholders can improve food security, reduce poverty, and promote economic growth in the state”, he said.
He, however, noted that agricultural challenges in Rivers State are significant, but not insurmountable, adding, “if effective policies, increased investment, and stakeholder engagement can be considered by all relevant authorities in the field, the problems would be solved.”
The Tide learnt that the Rivers State Government recently received about 21,650 bags of grains from the Federal Government to tackle economic hardship.
By: King Onunwor
Business
NCAA Certifies Elin Group Aircraft Maintenance

Business
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Business
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
-
Sports15 hours ago
Plateau Wins Kanemi, As Bayelsa, Bendel Played 1-1
-
Education15 hours ago
VC Congratulates Igwe on Appointment as Pro-Chancellor
-
Politics15 hours ago
Alleged Attack On Abure In Benin, LP Calls For Investigation
-
Sports15 hours ago
La Liga: Atletico Bring Real Back To Earth
-
Maritime16 hours ago
Customs, MAN Consent On 4% FoB Exemptions, Manufacturing Support Measures
-
Rivers15 hours ago
IAUE Emerges Winner Of National Campus Debate, 2025
-
News15 hours ago
FUBARA: UNDERUTILISED SEAPORTS DENYING RIVERS ECONOMIC PROSPERITY ……..Hosts NPA Board, Mgt On Courtesy Visit
-
Opinion15 hours ago
94 Years From A Turning Point