Business
Lagos Residents Laud Demolition Of Illegal Structures
Some residents of Jakande
Estate Oke-Afa, Isolo, have lauded the Lagos State government for demolishing illegal structures built within the blocks of flats in the estate, while others condemned it.
The Tide soruce reports that the illegal structures, in majority shops, are owned by some residents who had purchased flats within the estates.
It noted that the shops were marked for demolitions on October 28 by officials of the Lagos Building Investment Company LBIC, the official owners of the landed properties within the state’s residential estates.
Some of the residents, who applauded the development that commenced on Wednesday, said the demolition would ensure that sanity returned to the estate as other believed the notice was short.
Mr Olufemi Adebowale, a former banker, said that the constitution guiding the purchase of flats within the estate did not allow individuals to own shops or any other structure within the estate.
“When I purchased my flat about 10 years ago, I read the constitution and there is nothing like owning a shop or any other building apart from the flat you bought.
“Some flats owners have even gone to the extent of building self-contained flats and let them out to other people to make money.
“These acts are mostly perpetrated by people that own the ground flats and we all know that this is not acceptable in a normal estate.
Adebowale, who attributed the development to corruption, said the regulatory body would have demolished immediately the structures were erected.
“Corruption has eaten so deep into our system that even the regulatory body, LBIC, is not competent in executing its mandates.
“According to information, they approved some of these structures without coming out to check what is being built,’’ he said.
Also, Mrs Titi Adefarati, a medical doctor, who applauded the development, said that sanity would return to the estate.
“These shops that are majorly used for beer parlours have attracted a lot of miscreants into the estate.
“They have encouraged criminality of sorts within the estate. Estates are meant to be one of the safest places to live in and raise children.
“We have young boys that smoke all sorts of things and drink anywhere. We can’t even access the field which is meant for everyone to do exercise.
“One cannot walk freely within the estate for the fear of being robbed ones valuables,’’ she said.
Condemning the demolition, Miss Damilola Sofela, an unemployed graduate, said that the rate of unemployment in the country forced people to rent shops and start small scale businesses to feed.
“After graduation, I was unable to get a job, so, I opened this shop to help me to take care of some of my needs.
“The government has not done well at all, this is not the best time for this demolition, there is serious recession in the country and now this demolition, how do we survive?’’ Sofela said.
Mr Adekunle Onaneye, a business man, said that there were other matters that needed urgent attention within the estates and not demolition of illegal structures.
“The estate has not been enjoying light like others. The roads are bad, no water, we virtually have nothing, indeed, no social amenities at all.
“The estate does not even have a police post, not to mention a divisional office for an estate as big as this.
“We are waiting for what the government wants to offer after this demolition,’’ he said.
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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