Business
Expert Presents New Module For N’Delta Dev

An energy expert has called for the introduction of an administrative system that would ensure that host communities of oil rich Niger Delta have direct ownership stakes in the resources exploited on their land.
The Managing Director, Star Delta Energy Services, Mr. Peter Okocha stated this on Saturday at a stakeholders interactive forum for Niger Delta held in Port Harcourt, the Rivers State capital.
Okocha, who was a guest speaker at the forum, said there was an urgent need for a system that would guarantee host community’s direct involvement, as stakeholders in every facet of its resource exploitation, optimal standard and adherence of hest practices.
In his paper titled, “Balancing the scales”, the Managing Director presented a new module called ‘Special purpose Vehicle ‘ (SPV) which he said, entails the registration of company by host communities in each local government to play as equal partners in oil and gas exploration and production.
Okocha said: ‘As each state in the Niger Delta is made up of several local government areas, which if further dissected, comprises of several communities; each community within the LGA will produce a shareholder representative that will represent the community as director in the registered company.
“The aim of the SPV is to give the communities a medium to self determine its development by having a vehicle to participate in projects executed in its communities, and also create and manage its own projects”.
Explaining further, he said the SPV, as a registered company would give communities the rights to sue and have recourse in all agreement it enters, as opposed to the MoU which by nature is not designed to be legally binding.
According to him the new concept would guarantee equitable assets redistribution, environmental remediation and expanded employment opportunities for the people.
Reacting to funding, he said Star Delta Energy has the reach to provide expertise, fund and other needed logistics in a ratio of 50/50 sharing formular with host communities that partners with the firm.
He disclosed that the company have consulted several community leaders across the region and that some communities have already endosed the idea hence the need to present it to the public.
Participants from various communities across the region hailed the concept and promised to reach out to the areas they represented. All present at the event endorsed the new module.
Chief Dr. Bob Nabina, from Bayelsa State laid the initiative noting that it has capacity to bring peace and development to the people.
He stressed the need for wider consultation with the people and expressed confidence that the initiative would also have wide acceptance.
The President of Concerned Minds of Niger Delta, Comrade Mathias Opusoh decried the high level of suffering in the region and viewed the vision as a strategy that could address the poverty and injustice in the land.
His Royal Majesty King Alfred Diete Spiff, Amayanabo of Iwon Brass, said there was need for stakeholders to always think of new ideas to address our challenges.
Spiff who was chairman of the event lauded Star Delta energy as a firm with capacity and readniness to develop the region.
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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