Business
Group Pledges Stronger Partnerships For Food Security

The River Basin Development Authorities (RBDAs) in Nigeria have pledged to boost the Federal Government’s food security efforts by forming stronger partnerships and adopting modern agricultural technologies.
The representative of RBDAs, Alhaji Abubakar Malam, who spoke on behalf of the boards and management teams at the close of a two-day retreat in Abuja, recently, acknowledged the numerous challenges facing the authorities.
He noted the persistent issues of ageing infrastructure, extreme weather conditions, and insecurity that continue to hinder optimal productivity across their zones.
Malam, who is also the Managing Director of the Sokoto Rima River Basin Development Authority, noted the dilapidated state of facilities and outdated equipment that limit the full potential of the river basin authorities.
“Our facilities are obsolete, and climate change is exacerbating the situation with flooding, erosion, and erratic weather patterns.
“Yet, we remain undeterred. We are committed to innovating, adopting modern irrigation technologies, and shifting the narrative of the River Basins to a more sustainable and productive future”, he said.
Malam emphasised that these objectives cannot be achieved in isolation and stressed the importance of collaboration.
He noted, “We are committed to building strong partnerships, particularly with state governments, to ensure that local actions are aligned with national priorities.
“Collaboration is key to enhancing extension services, addressing community needs, and improving project outcomes”.
The Managing Director also assured stakeholders that the river basin authorities will continue to maintain open-door policies under the federal government’s partial commercialisation framework, which aims to encourage private sector investment.
“This framework is seen as an essential step in reviving Nigeria’s agricultural sector by providing opportunities for agribusiness development, rural economy revitalisation, and sustainable irrigation practices.
“In alignment with President Bola Tinubu’s Renewed Hope Agenda and the UN Sustainable Development Goals (SDGs), particularly Goals 2 (Zero Hunger), 6 (Clean Water and Sanitation), and 13 (Climate Action), the RBDAs are focusing on expanding irrigated farmlands, equipping farmers with modern agricultural techniques.
“Others are enhancing value chains to reduce food waste, boost production, and improve market access.
“These efforts are designed to increase food availability and contribute to the goal of achieving food security for the nation by 2027”, he stated.
The Joint Appointees Forum further called on development partners, private sector players, and other stakeholders to seize the emerging opportunities in Nigeria’s agriculture sector.
The forum highlighted the potential for collaboration in revitalising rural economies through sustainable irrigation and agribusiness development, which will ultimately support the government’s food security agenda.
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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.
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