Business
Nigeria’s Oil Crisis, A Blessing In Disguise – UN Consultant

The lead consultant, UNDP project on “Targeting Interventions to Foster Sustainable and Resilient Food Security in Nigeria, Prof. Emmanuel Oladipo, says that the oil crisis facing Nigeria is a blessing in disguise.
Oladipo told newsmen in Abuja yesterday that agriculture remains the mainstay of the Nigerian economy, urging Nigerians to focus attention on the sector.
He said Nigeria’s over-dependence on petroleum as its source of foreign exchange earnings and the neglect of agriculture, which used to be the mainstay of the economy, was a great economic mistake.
“I keep on emphasising that what is happening to the country since last year is a blessing in disguise. We’ve taken oil as the only means of livelihood.
“Although, government has tried a number of activities, it has never really been able to consolidate these activities to the point where we should be a country of food surplus.
“We depended so much on importation, for instance, in the area of rice; when we were growing up, everybody was eating local Nupe rice but suddenly, we lost all that opportunity,’’ he said.
According to him, the country started to import foreign rice, but it is good now that we don’t have money to even import as we should and we are thinking inwards.
“So, we should look at the opportunities that these crises are going to make available, recognising the need to support farmers, make them feel important that they are contributing seriously.
According to him, agriculture contributes about 24 per cent to Nigeria’s Gross Domestic Products (GDP), but regretted that the farmers are not reckoned with.
“How many of us respect farmers? How many people will see a farmer on the road and think he is part of the system. So let’s go back, let’s rethink. The crisis is an opportunity to rethink and be able to go back and make agriculture much more important than it is, “he said.
Oladipo, who is a development expert however, said that regaining the lost glory of agriculture required government to re-strategise, mobilise the people and encourage the youths in particular.
He also called on government to develop initiatives and employ appropriate technologies that would make agriculture to be done in a more refined way to attract the youth.
“We need to go back to the drawing board, make Nigerian farmers recognise their importance and their roles and give them the opportunities.
“It requires a complete rethink of the whole approach to agriculture beyond focusing just on production, but on the all other value-chains aspect of processing, packaging, preservation and marketing.
“If farmers can feel comfortable that whatever is produced, market is guaranteed for them, I think they will be able to do better,” he said.
The don also called for research institutes to improve the agriculture sector, saying that the country needs to change the way it conducted its researches.
“We keep distributing varieties, but we don’t research on the implications of the varieties on the soils we are using.
“So let’s combine research, practical intervention, farmers’ mobilisation, marketing system and all other things, value-chain, cooperatives and all the rest that can help the agricultural system.
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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