Business
LIFE-ND Reaches 15,980 Farmers, Creates 12,000 Jobs In Five Years
The National Project Coordinator (NPC) of The Livelihood Improvement Family Enterprises Project for the Niger Delta (LIFE-ND), Dr Abiodun Sani, has said the project has reached 15,980 farmers and created 12,000 jobs in the six participating states in the Niger Delta Region.
Addressing journalists at the end of a media tour of some of the projects being executed by LIFE-ND, Dr Sani explained that LIFE-ND project is an initiative of the Federal Government in collaboration with International Fund for Agricultural Development (IFAD), Niger Delta Development Commission (NDDC), and the State Governments of the Niger Delta regions.
Sani said the project is aimed at ensuring a sustainable agricultural development and improved income, addition to job creation within the region among the youths and women.
He said since inception, the project has been able to inject over $20 million to the rural economy, which is substantively close to N16 billion and largely as a project.
The six participating states are Abia, Bayelsa, Cross River, Delta, Edo and Ondo.
The remaining three states of Imo, Rivers and Akwa Ibom have not commenced implementation because the NDDC has not released its own counterpart fund for the project to commence.
“We have been able to create over 12,000 jobs and ensure that largely we have over 15,960 enterprises running across the six participating states of the region, and as a project, we have been able to also ensure that reasonably, over 80 percent of our beneficiaries have access to improved natural diet.
“The project has made key performance of it especially in the area of ensuring that our people have access to climate friendly infrastructure and we have been able to ensure that our farmers have access to improved technological practice, over 80 percent are adopting the best agricultural practices especially in terms of farming techniques within the entire value chain of the seven commodities we are intervening.
“So, largely, the project has impacted on the lives of the youth and women of the Niger-Delta region.
“we are working on 25,500 because that 32,500 is for the nine states but eventually, three states are not participating because the NDDC has not been able to meet its own financial commitment, so out of 25,500, we have 15,960 beneficiaries now and over 12,000 jobs have been created and are fully active, and our youths are happy”, he said.
Dr. Sani continued that the project has hit over the 60 percent mark as they are approaching the 5th year of implementation. The LIFE-ND NPC expressed optimism that within the next year, the project will be able to achieve its 100 percent mark.
The National Co-ordinator said the Federal Government of Nigeria through the Federal Ministry of Agriculture, which is the lead implementing agency, has approached the management of NDDC through the Ministry of Niger Delta affairs to ensure that NDDC meets up with its counter part funds contribution.
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