Business
Firm Empowers 500 Through Micro Credit
The management of Flexus Global Solutions Investment Limited says no fewer than 500 persons have benefitted from the firm’s micro credit scheme to small business owners within its two years in operation.
The Managing Director/Chief Executive Officer of the company, Mr Kounougna Henri, disclosed this Saturday at the commissioning of the firm’s Fleet Services, Professional Car Wash and Flexus Restaurant in Port Harcourt, the Rivers State capital.
Explaining that beneficiaries of the scheme cut across diverse business concerns, he reiterated the commitment of the company to directly touching lives of the people in the society through encouraging their small businesses to grow.
He said, as a financial administrator, Flexus Global Solution encourages people to come together, pool funds together and make the fund available to those in need to go into business ventures or expand their existing businesses.
Henri noted that the unique advantage people have is that the firm provides them financial assistance without demanding from them any interest, stressing that the firm is all about the people’s welfare.
The Managing Director explained that the company deemed it necessary to expand its transport section into fleet operations to enable those members who benefited from the hire purchase scheme to expand to higher level.
According to him, the fleet, at present is limited to Lagos and Abuja routes but it would offer exclusive services to customers, as well as provide excellent parcel delivery services.
Other areas the company inaugurated included dock engineering services to encourage people own quality low cost houses at affordable cost, quality water.
He said, the firm has provided employment for 25 persons and that with its new expansion into other concerns, more persons would be provided employment opportunities and urged investors to take advantage of the services to grow their business.
Henri who also noted that instead of investors to dump their money into the bank where they remain dormant, it makes more business sense to pool the fund together to enable others use such fund and develop businesses as well as increase the monetary value to the owner of the fund.
Some of the beneficiaries commended the management of the company for the opportunity and revealed that its services had improved their businesses.
Chris Oluoh
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
Russia’s Biggest Strike On Kyiv Kills Nine
-
Rivers4 days ago
RSU Promotes Staff Well Being through Free Medical Checks
-
Rivers4 days ago
‘Slave Warriors’ Puts PH In News, Projects African Culture
-
Politics4 days ago
Obi Mourns Late Pope, Joins Dignitaries At Vatican City
-
Business4 days ago
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
-
News4 days ago
FG Laments Low Patronage Of Made-In-Nigeria Products
-
News4 days ago
Transformational Leadership Key To Military Success-COAS
-
Women4 days ago
The Christian Teaching Mother (II)