Business
Electricity Generation, Picking Up After N’Delta Attack – FG

President Muhammadu Buhari (right), with Vice-President Yemi Osinbajo (left), Minister of Budget and National Planing, Senetor Udoma Udo Udoma (2nd left), Speaker, House of Representatives, Yakubu Dogara (3rd left) and Senate President Bukola Saraki, at the signing of the 2016 Appropriation Bill into Law by President Buhari in Abuja, recently.
Minister of Power, Works and Housing, Mr. Babatunde Fashola says that power generation is picking up after last week’s vandalism of power stations in the Niger Delta.
He announced this while addressing newsmen after inspecting facilities at Shiroro Hydro Power Station (SHPS) in Shiroro Local Government Area of Niger State, yesterday.
Fashola said there was a slight increase of three megawatts from the previous week drop to 2005 megawatts in the country.
The minister, however, said that measures were being taken to ensure stability in the supply, adding that generating companies should live up to expectations.
“I don’t want us to focus on mega watt; for me they are just bus stops; we will only announce them as milestone that we have reached the bus stops, but we know our journey is much more longer.
“I have spoken on our incremental power, to steady power, to uninterrupted power and that is the journey.
“We are edging up to 2008; we lost power due to the explosion that took place last week. We were down to about 2005; presently we are up to 2008.
“We are working hard to get the incremental power to that level and beyond that to where we have been in February of 5,704 and beyond that to where we have never being,” he said.
Fashola urged the generating companies to continue to keep to the concession agreement by improving on the condition of their asset.
“For me it is good news that somebody is focusing on maintenance. The Shiroro station has four generating plants and three of them have been refurbished.
“So for the next eight years, nothing will go wrong in the time of turbines. When it was being managed by Federal Government, this capacity we have now was not there.
“Power generation companies need regular and periodic maintenance. During my visit to Jebba dam, I learned no maintenance has been done for over 30 years.
“The Public Private Partnership (PPP) is a step forward. If this was done in the last 10 years instead of keeping money under the bed, we will not be faced with this insufficient power supply,” he said.
Fashola commended the SHPS for its effort to increase energy generation by 300MW through the use of solar plant.
The minister urged the distribution companies and consumers to keep to their obligations, adding that government would continue to give it support for effective service delivery.
“Government also have obligation to ensure that all it ministries and departments owing must pay their dues. We are working hard to pay what we owe just as consumers must pay.
“The transmission company must pay the generation company and the generation must also pay the gas company so that we can have stability in the system”, he added.
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.
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