Business
Plateau To Boost IGR Via Agric, Mining
Governor Simon
Lalong of Plateau State said the state government had developed strategies to boost its Internally Generated Revenue (IGR) through agriculture, mining and other investment opportunities in the state.
Fielding questions from newsmen in Abuja, the governor said that the state government was determined to leverage on the abundant natural resources in the state to overcome the continuous recourse to the federation account for funds.
Lalong said that his administration had also evolved a process of harmonizing all revenue laws to improve on its IGR after understudying the experiences in such as Lagos and Ogun.
He stated that the government had repositioned the state’s owned outfit, Agricultural Services and Training Centres (ASTCs) and encouraged farmers in the state to generate revenue from agriculture.
According to him, the state may not be coming back to the federation account for allocation with measures put in place to revamp agriculture and solid mineral.
“To the plateau farmer, I think there is great hope for him in agriculture; first we have FADAMA I, we have FADAMA II and when I came in, I introduced FADAMA III.
“The FADAMA I and FADAMA II, what I saw was that it was neglected in terms of counterpart funding; the past government was just paying lip service to it.
“All you needed is pay your counterpart funding and you see a lot of things happening.
“What I did was that I paid my counterpart funding for FADAMA I and II and when the concept for the FADMA III came, I went into it and we are paying the FADAMA III now.
“The last one is that we had the opportunity to be among the states that were selected for production of rice and wheat. You know the rice you get on the plateau is usually the best rice you can get all over the country.”
Lalong disclosed that the state government would commence the distribution of fertiliser to farmers by next week to enable them to start farming early.
According to him, through FADAMA, we have established an agricultural microfinance bank to assist farmers if there are difficulties in getting loans from commercial banks to facilitate their agricultural activities.
On mining, Lalong said that his administration would take advantage of the opportunities presented by the availability of mineral deposits in the state to create jobs for its youths.
He said that virtually every part of the state had mineral deposits, adding that the state would partner with the Federal Government to get mining license for the interested investors.
According to him, if things are done properly, Plateau will benefit from it and can increase its revenue target from N500 million to about N2 billion.
“The policy of the Federal Government now under President Buhari is to really focus on mining and how it is going to be useful to the communities where you have the mining exercise.
“We have done that and we are working in line with the Federal Ministry of Environment for that.
“Recently, in one of my local governments, people were trying to smuggle some minerals but we have fortified, we have enough security to ensure the security of the place.
“Mining is not seen like what we used to see before where you are working and you are seeing illegal miners here and there, but today it is like petrol to Nigeria and if it is like petrol, we are also guarding it jealously.”
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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