Business
‘120m Nigerians Live Without Electricity’
The Chief Executive Officer of All On, one of the leading companies in the global energy market, Dr Wiebe Boer has revealed that 120million Nigerians live without electricity supply.
Boer further stated that millions of Nigerians do not get up to four hours of power supply daily, and added that it was to bridge this yawning gap that All On decided to invest in the energy sector to bring uninterrupted electricity supply to millions of underserved and unserved people in the Niger Delta in particular and Nigeria in general.
Boer made the statement, last Friday, in Port Harcourt, during a press briefing organized by the off-grid investment company, to announce the closing of financial deals with three firms to provide accelerated access to affordable, durable and sustainable energy sources to millions of people without access to electricity supply in the Niger Delta region.
He added that the energy investment company was partnering with solar home system leader, Lumos Global BV; leading mini-grid player, Green Village Electricity; and solar-powered marketplace cold storage business driver, ColdHubs; to rollout and expand much needed energy supply to grossly underserved people of the Niger Delta region and Nigeria in the coming months.
According to him, “These developments are coming barely three months after All-On announced its first set of transactions in Nigeria’s off-grid market, and two months after the firm and U.S. Africa Development Foundation (USADF) announced a $3million partnership to expand access to energy for underserved and unserved markets in Nigeria.
“These investments made in these energy solution providers further demonstrate our firm belief that off-grid energy is indispensable in the improvement of Nigeria’s energy narrative. It, therefore, deserves adequate attention and financial backing from both the public and private sectors”, Boer added.
In his remarks, Managing Director and Chief Executive Officer, GVE Projects Limited, Ifeanyi Orajaka, said “We at GVE are excited about this relationship with All On”, adding that “An investment from a world-class organisation such as All On further validates our position as one of the leading and most innovative indigenous clean energy solutions providers in Sub-Saharan Africa.”.
Chief Executive Officer, ColdHubs, Nnaemeka Ikegwuonu described the investment as a demonstration of All On’s commitment beyond simply addressing the access to energy gap, to harnessing innovative renewable energy solutions for the preservation of perishable foods in Nigeria.
“This support will enable ColdHubs to further refine its business model to help improve the livelihoods of people and enhance food security in the Niger Delta region”, Ikegwuonu said, adding that it was now set to provide farmers, retailers and wholesalers necessary equipment to enable them preserve their perishable food stocks for as long as 21 days or more before their wears get to end-users.
Also speaking, Lumos’ Chief Executive Officer, Davidi Vortman said, “This debt facility from All On both cements the strategic relationship between our two companies and goes a long way towards significantly accelerating the speed of penetration of Lumos Solar Home Systems in the Niger Delta region.”
Represented by Vice President, Marketing, Ashida Olufemi, Vortman said Lumos was “excited to work with All On to enhance energy access for Nigerians in the Niger Delta and across the country,” and promised to focus on providing access to electricity to underserved and unserved communities in the Niger Delta to accelerate their economic growth and development while also helping to reduce poverty, crime and unemployment.
All On Investment Manager, Florence Okoli said “We have three deals that we signed here today in Port Harcourt, and all of them are helping find solutions to the energy access problems in Nigeria,” and commended the three companies for the successes recorded through the initial pilot projects in the region.
She expressed optimism that the collaboration would go a long way in addressing the energy needs of the people in the Niger Delta.
The Tide investigations revealed that in addition to the 120million without access to electricity, an estimated 20million do not have more than four hours of power supply daily.
Also, only about 10million Nigerians get between eight and 16 hours of electricity supply daily just as around 30million privately generate their own electricity.
Susan Serekara-Nwikhana
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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