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Housing Investment: W’ Bank Tasks FG On Conducive Environment

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Lead Financial Sector
Specialist, Finance and Markets, World Bank Group, Mr. Simon Wally on Wednesday said that Nigeria needed to boost housing development by facilitating an environment conducive for investors.
Wally made the observation at the 32nd Annual Conference and General Meeting of the African Union for Housing Financing (AUHF) in partnership with Nigerian Mortgage Refinance Company (NMRC) in Abuja.
The three-day conference with theme as “Housing and Africa’s Growth Agenda’’, is being organised by Fesadeb Communications Ltd., convener of Annual Abuja Housing Show and producer of Housing programmes on television.
Wally  said  Nigeria had the necessary capital to finance the provision of affordable housing and did not need capital from other countries to finance affordable housing.
“You do not need capital from outside of Nigeria, looking at the level of investment required; Nigerian has got more than enough capital within the country.
“Investors want to put their money into investment and housing is perfect; in that sense, long term investment is what investors are looking for.
“The country needs the right mechanism, tools and methods for turning that domestic naira investments into housing, and that needs to be done on a very large scale,’’ Wally said.
He said that the critical problem facing Africa was the rate at which the population was growing.
Wally also said that the underlying population growth rate and organisation rate combined were going to present real challenges for Africa in the next 10 to 20 years.
“The country is looking at housing needs in excess of over 150 to 200 housing units per year just to keep up with the demand.
“The problem is that the number of housing needed has not been produced at the moment for Nigeria and other countries and the result of that is informal housing or slums’’, he said.
Chief Executive Officer of NMRC, Prof. Charles Inangete, explained that housing was paramount to the national economy,  adding that Nigeria had an outdated housing data.
“We are still talking of 17 million housing deficit, a data which was created four years ago; we need more current data in order to make housing policy more relevant,” he said.
Mr Thierno-Habib Hann, Senior Housing Finance Regional Lead, International Finance Corporation (IFC),  in a presentation , said housing finance could be expanded by making mortgage markets affordable.
According to him, financing for energy efficiency housing and potential by  scaling up of small loans for home improvement and self construction can as well boost housing investment.
He listed  other factors that could boost housing investment as appropriate support and targeted subsidy policies,  the refocusing  of government interventions and restructuring of failing housing banks.
Hann said rationalising the formalisation process of customary rights to facilitate access to land could remove housing market constraints.
The expert explained that enhancing the capacity of the land administration, starting with the support of its computerisation and low registration charges could also bridge housing constraints.
H, however, called for strengthening of developers in the industry, including land developers and synergy of real estate agents around the federation for improved housing development.

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USTR Criticises Nigeria’s Import Ban On Agriculture, Others

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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.

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Expert Seeks Cooperative-Driven Investments In Agriculture 

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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.

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NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

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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

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