Business
NDDC Seeks Private Sector Support To Boost Infrastructure Dev
The Managing Director of the Niger Delta Development Commission (NDDC), Mr. Nsima Ekere says the commission has embraced the Public-Private Partnership (PPP) option to galvanise the infrastructure delivery drive in the Niger Delta region.
The NDDC chief executive officer stated this during a courtesy visit by a delegation from the Infrastructure Concession Regulatory Commission (ICRC) at the commission’s headquarters in Port Harcourt.
Ekere, who was represented by the NDDC Executive Director, Projects, Engr Samuel Adjogbe, remarked that the NDDC was urgently seeking ways to stimulate industrial growth in the Niger Delta region, noting that it was adopting the PPP option in the execution of a Niger Delta Regional Power Pool Project.
He remarked that the power project was one of the critical areas where private sector participation was required to encourage investors to set up industries in the Niger Delta, lamenting that the high cost of power in the region was increasing the operational cost of industries and thus serving as a disincentive.
According to the NDDC boss, there was need to make a deliberate effort to set up projects that can boost power and attract investors to the region.
He said: “We have identified industrial parks in different parts of the region and we intend to support them with the power project.”
Ekere said that the NDDC was partnering with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN and the Nigerian Export Import Bank, NEXIM, to help provide employment for the youths.
He added that the commission was working towards establishing of Nigeria’s first and grandest enterprise innovation and growth hub in the Niger Delta.
“We are also working on setting up the Niger Delta Development Bank to ensure sustainable development beyond oil,” the MD said.
He declared: “We are determined to create more jobs to fight unemployment. We want to fight poverty, we want to fight restiveness and this is one way we can use to ensure that militancy is eradicated in the Niger Delta.
“We need an attitudinal change in the Niger Delta. We have agitated long enough. We now need to harness our energies for development efforts.”
He said that internet penetration in the Niger Delta was another area of focus for the commission, in its efforts to link the entire region with fibre optics. He stated that the leadership of the crecently visited São Tomé and Principe to discuss with the country’s prime minister on the possibility of benefiting from their own excess internet capacity.
In his address, the Acting Director-General of ICRC, Engr. Chidi Izuwah Snr, said that the delegation was in the Niger Delta region on a monitoring visit to Federal PPP/Concession projects in Port Harcourt and Onne areas.
He said that infrastructural development was important, considering the magnitude of government expenditures in recent years and the level of infrastructure deficit in Nigeria.
“Infrastructure and its related services are critical to the operation and efficiency of a modern economy,” he remarked.
Given the huge amounts needed and the drive necessary for development, Izuwah said that the Nigerian government lacked the resources to drive development on its own and had thus among other options embarked upon the use of Public Private Partnerships, PPPs.
Consequently, he affirmed that the huge and extensive responsibility of the NDDC in fast-tracking the development and growth of the Niger Delta region, should be implemented using the PPP option.
Towards this end, he proposed a summit on revolutionizing infrastructure delivery in the Niger Delta region through PPP which would be convened by NDDC in collaboration with the ICRC to showcase and highlight to investors, financiers and development actors the critical infrastructure value chain opportunities in the region.
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.
King Onunwor
-
News4 days ago
NiMET Predicts Heavy Rain, Thunderstorms In Nigeria For Three Days
-
Politics4 days ago
LP Condemns Baba-Ahmed Over Statement On Tinubu’s Administration
-
News4 hours ago
Court Okays Arrest, Detention Of Six CBEX Promoters
-
Featured2 hours ago
FG To Seize Retirees’ Property Over Unpaid Housing Loans
-
News4 days ago
Opurum Unveils Eze Ndudiri’s Palace
-
Maritime4 days ago
FOU Zone Customs Impounds N1.01bn Worth Goods
-
Niger Delta3 hours ago
Diri Okays Ongoing Projects’ Progress
-
Niger Delta4 days ago
A’Ibom Partners Senior Citizens Centre