Business
Investor Advocates Legislation Against Power Vandalism
The Managing Director of 4Power Consortium Limited, Mr Matthew Edevbie, has called for a strong anti-theft legislation that would curb vandalism and theft in the power sector.
Edevbie made the appeal when he received members of the House of Representatives Committee on Privatisation who were on a nationwide oversight tour to all successor power companies on Wednesday.
Edevbie, whose consortium is the core investor in the Port Harcourt Electricity Distribution Company (PHEDC), explained that workers and equipment should be protected in the industry.
He said that the law would go a long way to protect power workers that were constantly being attacked in the course of their duty.
“The PHEDC, among other critical achievements since taking over the DISCO in November 2013, has undertaken the construction of new 33KV lines at Trans Amadi Industrial area.
“Okrika 11KV feeder for Joinkrama Communities in Ahaoda West was re-conducted.
“Also the NIPP 1 x 15MVA 33/11KV Injection Substation at Ikot-Abasi was inaugurated and general maintenance carried out on other stations,’’ he said.
He decried the condition of the network his company inherited, saying it was worse than it anticipated before it took over the PHEDC.
In her remarks, the Chairman of the committee, Mrs Khadija Abba-Ibrahim, said the oversight tour was to assess the performance of the company.
According to her, the house is interested in the performance of the company since the acquisition of the 60 per cent equity in the enterprises.
“The visit is to ascertain the level of compliance to the post acquisition development plans submitted to BPE by the core investors, challenges in implementing the Share Sale Agreement.
“We also want to partner with investors to make recommendations for appropriate legislation that will help in resolving the challenges and stabilising power generation, distribution and transmission across the country,’’ she said.
Abba-Ibrahim commended the management of the company for its concerted efforts and well-articulated plans to expand its network.
She urged the company not to relent in its efforts at making the company a success.

L-R: National President, Association of Non-Bank Micro-Finance Institutions of Nigeria (ANMFIN), Mr Hamid-Giwa Afolabi, National President, Co-operative Financing Agency of Nigeria (CFA), Mr Adebola Orolugbagbe, Vice Chairman, African Confederation of Co-operative Saving and Credit Association, Mr Bless-Kwame Darkey and Executive Director, Retail Banking, Unity Bank, Mr Ahmed Yusuf, at the National Co-operative Financing Agency of Nigeria Co-operatives summit and leadership forum in Abuja, recently.
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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