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Telecom Operators Set To Expand Financial Inclusion …Target 90m Nigerians

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Nigeria’s largest GSM operators, Glo, 9Mobile, Airtel & MTN Nigeria are to expand financial inclusion to 90 million Nigerians by 2020.
Chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON) Mr Gbenga Adebayo, made this known to newsmen in Lagos, Thursday.
According to him, the operators came together recently to clearly articulate their commitment to deepening financial inclusion and providing Nigerians with access to a range of affordable financial services.
He said that the operators equally called for a level-playing field for mobile network operators to be allowed to participate fully in the Mobile Money industry.
Adebayo listed the commitment of the industry to include materially-improved financial inclusion rates and to deliver access to financial services to 90 million customers over the next 30 months.
He said that by the sixth month, the Telco’s planned to bring access to financial services to 15 million customers, serviced by 100,000 agents.
Adebayo said that by the 12th month, the operators would bring access to financial services to 35 million Nigerians serviced by 250,000 agents.
According to him, by the 24th month, we will bring access to financial services to 70 million Nigerians, serviced by 600,000 agents.
He added that by the 30th month deadline, the mobile network operators would be committed to bringing access to financial services to 90 million customers, also serviced by 600,000 agents.
Adebayo said that following the issuance of Nigeria’s first mobile money licences in 2009, the journey toward financial inclusion had been slow, as current financial exclusion level stood at over 40 per cent.
“There is a significant gap to be covered in order to meet Nigeria’s target of 20 per cent financial exclusion by 2020.
“In Nigeria, Telco’s are excluded from accessing mobile money licences directly under current guidelines, while in most sub-saharan African markets where mobile money is successful, Telco’s are given a level-playing field,” he said in a statement.
Adebayo said: “According to Mckinsey, as a direct result of increasing financial inclusion rates, Nigeria could realise as much as a 12.4 per cent boost in Gross Domestic Product.”
He said that this would lead to creation of three million new jobs; $2 billion reduction in government leakages and $57 billion new credits for Small and Medium Scale Enterprises over a four-year period.

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USTR Criticises Nigeria’s Import Ban On Agriculture, Others

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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.

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Expert Seeks Cooperative-Driven Investments In Agriculture 

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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.

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NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

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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

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