Business
TechnoServe To Assist Retail Shop Owners Increase Returns
The Country Director, TechnoServe Nigeria, Mr Larry Umuna says the company is in the country to assist small retail shop owners to increase their financial returns and grow their businesses.
Umuna said this at the Mom and Pop Shop Project Closeout of Pan African Youth Entrepreneur Development Programme (PAYED) on Friday in Abuja.
According to him, Mom and Pop Shop Project is a two year project that started in October 2015, funded by the Citi Foundation and executed by TechnoServe Nigeria, a business development organisation.
“The project aims to increase financial return and growth of 75 Mom and Pop Shops (MPS) in Abuja, Nigeria, by providing business solutions to the challenges they face.
“This will be achieved by improving the performance of retailers in last mile retail sector, meaning better financial and operations management, better marketing and inventory management,’’ he said.
He said that the aim of TechnoServe was to facilitate and improve relationships with lenders, suppliers, customers and supporting service providers.
He said that the company also enhanced coordination and collaboration among Mom and Pop Shops in the country.
“We are working with small retailers that allow TechnoServe to create a double impact, increasing employment and livelihoods by improving the shops’ efficiency, and creating market opportunities for products from local small-scale farmers and processors.
“The Nigeria programme is working with 150 shops and we anticipate that 75 per cent will adopt digital business enhancing solutions and at least half will increase their revenues by a minimum of 30 per cent.
“It will also improve relationships with lenders, suppliers, customers and supporting service providers and better coordination and collaboration,” Umuna said.
The Project Manager Mom and Pop Shop Closeout, Mrs Onyeka Igwebuike, said that 60 businesses had been trained on best business practice and 87 per cent of business owners were women.
Igwebuike said that out of the 60 business owners that were trained, 23 stores had received N50, 000 as loan for products purchased.
She said that 75 shop owners had access to business information and 25 businesses had received one year record keeping and business support.
“Despite the challenges faced by Mom and Pop Shops such as highly saturated sector, higher competition and lower profit margin, the business has high growth prospect if best business practices are observed.
“We (TechnoServe) believe that the informal retail sector requires attention considering that they provide services that are beyond the current capacity of formal retailers,” Igwebuike said.
Mrs Chiwe Okafor, a beneficiary, said that with the supervision and training from TechnoServe her skill in record keeping had improved.
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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