Business
‘Nigeria ’ll Achieve 30% Broadbank Penetration By 2018’
The Executive Vice-Chairman, Nigerian Communications Commission (NCC), Dr. Eugene Juwah, has said that the country will achieve up to 30 per cent broadband penetration by 2018.
Juwah made the statement in Abuja on Thursday while sensitising journalists to the need for media support for educating the public.
He said some key issues that were hindering the broadband infrastructure rollout included the lack of metropolitan fibre networks in Nigerian cities.
He said another barrier was the high cost of leasing inter-city fibre backbone infrastructure from existing infrastructure owners as well as unregulated pricing of transmission capacity provision from infrastructure owners.
Others are the need for more spectrum bandwidth for mobile broadband to drive the expansion of internet services at a faster rate, relatively low levels of collation and infrastructure sharing among industry players.
Juwah stressed the need to encourage more innovation mostly from small and medium sector players, pointing out that there was an open access framework to address the challenges.
“By 2018, the broadband penetration in the country will be boosted to 30 per cent as targeted.
“The auction of one slot of 30MHz bandwidth in 2.3 GHz frequency spectrum band on a wholesale basis was carried out to encourage the growth of small and medium scale Internet Service Providers (ISPs) across the country.
“The planned interconnection of the Internet Exchange Point (IXPs) across the country will help to encourage small and medium scale ISPs and to improve quality of service delivery.
“The rollout of the required metropolitan fibre bandwidth on an open, price regulated and non-discriminatory basis will boost the planned auction of 700MHz and 2.6 Ghz frequency spectrum.
“Provision of innovative services in the telecommunications retail segment as well as other demand side services in the broadband ecosystem are some of the areas being addressed with the overall broadband and regulatory frameworks by the commission,’’ he said.
Juwah said that this would speed up the pervasive availability of broadband services and open up opportunities to more investors in the sector.
He said the commission had mapped out strategies to ensure broadband ecosystem growth in the country.
“The implementation of the plans and frameworks are underway; the time for harvesting of the dividends from effective and efficient implementation of carefully thought out frameworks is nearer,’’ he said.

L-R: Accountant-General of the Federation, Mr Jonah Otunla, representative of the Vice President, Amb. Bashir Yuguda; Head of the Civil Service of the Federation, Mr Danladi Kifasi; Permanent Secretary, Ministry of Land and Urban Development, Mr George Ossi and Auditor-General of the Federation, Mr Samuel Ukura, during the launch of Accrual Accounting Manual, International Public Sector Accounting Standards Compliant In Nigeria (IPSAS)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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