Business
FG Housing Loan Scheme: Applicants Want Probe
Some applicants of the Federal Government Staff Housing Loans Scheme, have called for a probe of the activities of Federal Government Staff Housing Loans Board (FGSHLB), the operators.
The applicants made the call in Abuja, Thursday, saying, the activities of the board undermined the objectives of the government to provide decent housing for the citizens, especially public servants.
They accused workers of the board of manipulating the process for self-aggrand-isement at the expense of genuine applicants.
The applicants said, while those who genuinely met the conditions for accessing the loan were dropped, late applicants who bribed officials and their collaborators benefitted.
An applicant and employee of an agency of the Ministry of Information and Culture, Mr Ugochukwu Livinus, said, he applied in 2010 and was assigned file number HB40109.
Livinus, told The Tide that he got approval for five million naira to build a three bedroom bungalow in April, 2013 after which he was asked to pay N65, 000 as insurance for mortgage and accidental expenses.
He said, he made the payment to the board’s Central Pay Office while the approval letter was signed by the Executive Secretary of FGSHLB at the time.
He said, besides paying the N65, 000 he also committed his hard-earned money as poor civil servant to do a building plan and bill of quantity.
Livinus noted that, he did all this because of his belief in the system but since April 11, 2013, he had not received any further communication while those who applied later had been given their money.
He alleged that some officials of the FGSHLB, in collaboration with some private developers, were doing everything possible to frustrate civil servants from accessing the loan.
Livinus alleged that, some applicants, who agreed to work with private developers and officials of the board, received approvals and disbursement of funds to them soon after they applied.
Another applicant, who preferred not to be named, said, her application was approved in 2012 but she had yet to receive her money after fulfilling all the conditions.
The lady said, she has four years to retire from service but had no house.
She said that, her greatest challenge was that officials of the board claimed that original land documents which she submitted to the board were missing.
“For heaven’s sake, they should give me my land documents since it is obvious that I may not get the four million naira that was approved for me.’’
She urged relevant authorities to investigate the board, saying that, the fraud in the board was alarming.
Mrs Simbiat Adeleke and Mrs Bola Ajamgbadi also applicants, called on the government to probe the board’s activities.
She queried the board’s claim of lack of funds as the reason for non-payment of beneficiaries’ approved loans.
“How can the board claim no money as the reason for non-payment while it is recovering loans directly from the beneficiaries’ salaries?
“ This is supposed to be a revolving loan and the board got a substantial amount from past administrations.
“The board needs to render an account on how it disbursed the initial money it received and how much it has so far recovered in order to convince anybody that it lacks the funds to continue paying approved loans.
“Moreso, why should it continue to approve loans if it has no money to pay?
‘’Truly, something is wrong about the board’s activities which the government should move in quickly and uncover.’’
Meanwhile a director in one of the government parastatals, who pleaded anonymity, called for an urgent scrutiny of the board’s activities.
The director said that deduction of the second tranche of the loan approved for him in 2011 was already ongoing while he had not received the loan.
“Integrated Payroll and Personnel Information System (IPPIS) has started deducting the second instalment more than a year ago and all I hear from the board is no money, be patient.
“I believe the board does not have an efficient way of tracking repayments otherwise, they should be able to know when one’s payment is due and pay accordingly,’’ he said.
He urged the Federal Government to overhaul and probe the activities of the board, adding that the place was fraught with irregularities.
All efforts by our source to clear issues that the applicants raised with Dr Hannatu Fika, the Executive Secretary of FGSHLB, were said to have failed.
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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