Business
Farming, Key To Tackling N’Delta Restiveness – Eradiri
The Special Adviser to the Sole Administrator of the Niger Delta Development Commission (NNDC) and immediate past Commissioner for Youths in Bayelsa State, Udens Eradiri, says farming is the only solution to restiveness in the Niger Delta.
He said that the Commission was putting everything together to partner with the Nigerian Young Farmers Network (NYFN) so that they can come in and develop the farming sector.
Eradiri who disclosed this on Monday, in an interview with airport correspondents, on arrival at the Port Harcourt International Airport, Omagwa, said the present management of NDDC was working to change the narratives and reduce the rate of unemployment among youths.
“I just met with the Nigerian Young Farmers Network in Abuja. So, we are tieing a pact with them so that they can come in and help us develop the farming sector.
“They have a lot of network in fisheries, poultry, animal husbandry, cassava
plantation, oil palm processing and others.
“You can see that there are lots of oil palm trees everywhere. If we begin to set up mills and train people, we will be able to build capacity.
“The important thing is how do we train and engage our people. A lot of things are happening in the Niger Delta. Forensic audit is going on, but a lot of people are afraid of the result because their fingers are all stained, and that was why you see all the bickering that is going on”, he said.
Eradiri, who was also the former president of the Ijaw Youths Council (IYC), said NDDC has started to compile a data base to enable it have a data of how many people the commission has trained.
He said one of the cardinal programmes of NDDC is to build the capacity of young people, train and engage them, adding that the commission has been engaging companies like NLNG, Brass Fertilizer and a few other companies for that purpose.
“We have been meeting with them to know what their skills requirements are, so that we will train for those skills and have a pact with them in order to engage them”, Eradiri said.
By: Corlins Walter
The Central Bank of Nigeria (CBN) has announced that the 2025 economic indices indicate a positive outlook, with the nation’s GDP expected to accelerate to 4.17 per cent for faster economic growth.
Mr Muhammad Abdullahi, Deputy Governor, Economic Policy Directorate, CBN, revealed this on Tuesday during the 11th edition of the National Economic Outlook: Implications for Businesses in 2025.
The hybrid event, convened in Lagos, was organised by the Chartered Institute of Bankers of Nigeria (CIBN) Centre for Financial Studies in collaboration with B. Adedipe Associates Ltd.
Abdullahi said the nation’s 2025 economic projections remained optimistic with fiscal and monetary reforms already paying off, resulting in the GDP anticipated rise from 3.36 per cent recorded in 2024.
According to him, the growth is anchored on sustained implementation of government reforms, stable crude oil prices, and improvements in domestic oil production.
Abdullahi also stated that stability in the exchange rate would play a crucial role in maintaining the positive trajectory, with the inflation rate projected to decline due to the impact of economic reforms.
“Achieving the targeted inflation rate of 15 per cent in 2025 will require effective collaboration between monetary and fiscal authorities, alongside private sector participation for a stable economic environment,” he said.
The keynote speaker said that the apex bank would prioritise price stability and strengthen the financial sector to support SMEs and critical sectors for businesses to thrive.
Abdullahi noted that the nation’s evolving policy landscape presented both challenges and opportunities for businesses to thrive.
“The government is making deliberate strides to diversify its revenue streams and reduce dependence on the volatile oil sector.
“Through ongoing tax reforms aimed at broadening the tax base and improving collection efficiency, the government is working to establish a more sustainable fiscal environment.
“While these reforms may present challenges in the short term, they are essential for building a more resilient and diversified economy in the long run.
“As businesses, it is crucial to adapt to these changes, understanding that they will ultimately strengthen the economic foundation for future growth.
“As we move forward on this path of exploration and collaboration, we must remain focused on the vast opportunities before us.
“Nigeria’s abundant resources, coupled with the current administration’s commitment to economic reform, offer a fertile ground for innovation, investment, and sustainable growth,” Abdullahi said.
Similarly, Prof. Pius Olanrewaju, President/Chairman of the Council, Chartered Institute of Bankers of Nigeria (CIBN), said 2024 presented both challenges and opportunities.
He noted that the GDP signalled gradual recovery amidst global and domestic pressures.
“As we move into 2025, we are presented with both the opportunity and responsibility to critically examine the economic landscape.
“This forum will help us identify the risks, harness the opportunities, and strategize for the future,” Olarenwaju noted.
He commended the collaboration of experts at the annual event, which included Dr Kabir Katata, Director, Research, Policy and International Relations, Nigeria Deposit Insurance Corporation; and Dr Henrietta Onwuegbuzie of the Lagos Business School.
Others were Akinsola Akeredolu-Ale, CEO, Lagos Commodities and Fixtures Exchange; Mr Akeem Lawal, Managing Director Interswitch (Pure pay); and Chinwe Uzoho, Regional Managing Director, West and Central Africa Network International.
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