Business
FG Begins Agric Mechanisation Programme, 2022
The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has disclosed that the Federal Government will kick-start its agricultural mechanisation programme in the first quarter of 2022.
The minister disclosed this at the opening of the Feed Nigeria Summit 20213 with the theme, “ Post Covid-19: A Repaired Food System, Pathway to a Revived Economy,” in Abuja, on Monday.
The essence of the programme is to ensure food and nutrition security, jobs creation, economic development, as well as ensure farmers have the machines to drive the mechanisation programme.
Nanono said the potentials of the sector were enormous and needed to be optimally explored for its huge benefits, including creating jobs and economic growth.
He added that this and other laudable programmes of the ministry were in line with the administration’s focus and commitment to diversifying the economy, through agriculture.
The minister disclosed that under the mechanisation value chain, about 632 local government areas across the country would benefit from the mechanisation programme.
On sugar importation, Nanono said he was optimistic that in the next two years, Nigeria would not need to import sugar into the country, because Nigeria would be producing five tonnes of sugar every year.
He said that Nigerians must grow what they eat, adding that there was an appreciable level of self-sufficiency in rice production in spite of the smuggling of the commodity from neighbouring countries.
“ You have to produce what you eat and eat what you produce,” the minister said.
Also speaking, Private Sector Chair, Feed Nigeria Summit Organising Committee, Prof. Eustace Iyayi, said that formidable partnership were very important in finding solutions to the issue of food insecurity.
He noted that while the Federal Government had provided some interventions to address the issue of food insecurity, the outcome of the summit would, hopefully, provide a lasting solution to the challenge.
In his goodwill message, Chairman, House Committee on Agricultural Institutes and Colleges, Rep. Munir Danagundi, described the theme of the summit as apt.
He noted that the pandemic had affected all facets of life, including agriculture, and urged the summit to examine the food system in the country so as to address the needs of every Nigerian.
Also, UK Acting High Commissioner, Gill Atkinson, said that the theme of the summit was fundamental to Nigeria’s future, citing private companies as key players in the future of agriculture and critical partners in promoting food and nutrition.
Atkinson noted that the impact of the Covid- 19 pandemic had led to rising cost of food and inflation.
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter