Business
‘OGFZA Can License Oil, Gas Free Zones’
A legal practitioner, Mr Iyobosa Egerin, said on Monday that the law setting up the Oil and Gas Free Zones Authority (OGFZA) gave it the statutory power to license oil and gas free zones.
Egerin stated this while speaking with newsmen on Monday in Lagos.
He decried reports in some national dailies that Warri, Lagos, Brass Oil and Gas Free Zones were illegal establishments, saying that such reports were “misleading’’.
He said that the reports had negatively impacted on the morale of workers in the OGFZs as the workers believed they would be thrown out of their jobs soon.
“My immediate reaction to the publications was to ignore it and just regard it as the continued campaign of calumny against Oil and Gas Free Zones Authority (OGFZA) by some stakeholders for their selfish business interest as against the overall interest of Nigeria.
“However, considering the negative impact such publications would have on the unsuspecting reading public, I have decided to respond to the publications in order to keep the records straight.
“Without mincing words, I will like to state that the publications are completely untrue,’’ he said.
Egerin said that the law “empowers OGFZA to take over and perform such other functions being hitherto performed by the Nigeria
Export Processing Zones Authority (NEPZA), as they relate to oil and gas activities from any of the Nigeria Export Processing Zones’’.
“The unambiguous implication of the law setting up OGFZA is that the legislature has expressly limited the functions of NEPZA over all export processing zones by virtue of the Oil and Gas Free Zones Act’’, he said.
Egerin said that anybody who had doubt concerning the establishment and operations of the three OGFZs should do a little bit of research or be more thorough in his work, before making public pronouncement.
“If they do, they will realise that the Oil and Gas Free Zone, Warri, the Eko Support Oil and Gas Free Zone, Apapa, Lagos, and the Brass Oil and Gas Free Zone went through the gamut of due process and diligence.
“I have confirmed that these oil and gas free zones went through the whole gamut of due process and diligence from the applications through the ministerial recommendations,’’ he said.
Egerin said that this culminated in the Presidential approval gazetted by the Federal Government.
He urged stakeholders and commentators who had issues with the establishment of oil and gas free zones to visit the office of the OGFZA to seek clarifications based onn the financial implications on the economy.
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.
King Onunwor
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