Connect with us

Business

FG Licenses Six Slots To Broaden Broadband Penetration

Published

on

The Federal Government
has licensed six slots of the 2.6 MHz spectrum for the deployment of 4G-LTE services in its efforts to broaden broadband penetration in Nigeria.
The Minister of Communications, Mr Adebayo Shittu announced this on Friday in Kaduna at the 4th National Council of Communication Technology.
Shittu said that broad penetration in Nigeria had reached 20.95 per cent, while the percentage of internet penetration had reached a milestone 47.44 per cent, which makes Nigeria, second in ranking in the Africa.
Shittu disclosed that the process for the licensing of broadband services on the 5.4 GHz spectrum bank and allocation of 70/80 GHz band (E-Band) had commenced.
The theme of the Council Meeting was “ICT as a Focal Point for Economic Diversification.’’
The minister said that the ICT sector would be re-engineered to expand the frontiers of its contribution towards facilitating Nigeria’s early exit from recessionary economies.
According to him, ICT innovation and entrepreneurship and the broadening of investment opportunities is one of the key avenues for increasing generated revenue in any economy, Nigeria not an exception.
Shittu said that ICT had become a fulcrum of the nation’s economy.
He, however, said that the challenge now was how to harness and leverage opportunities thrown up by new economy powered by ICT to address issues of revenue, investments and cost savings.
According to him, many developed countries around the world do not rely on the export of any raw materials, but on the development and export of ICT.
The minister listed Singapore, India and Thailand as examples of developing countries that had leveraged on ICT to make a difference in their economies.
Shittu informed the council that he had facilitated the draft of a Sector Strategic Plan for 2016-2020, to chart a short term framework for the sector.
He assured that his ministry would ensure that the ICT in Government Initiatives was sustained.
“Through Galaxy Backbone, government has provided internet access to about 400 MDAs, over 11,000 nodes of wireless LAN to all MDAs at the Federal Secretariat.
“Over 40,000 email addresses for government officials under the gov.ng domains. This has ensured that government data is hosted locally on a secured website with databack-up to MDAs and 200 servers hosting MDAs,’’ he said.
In the area of spectrum management, he said the Ministry of Communications had issued and renewed a total of 668 licenses from November 2015 to September 2016, and generating about N500 million as government revenue.
Shittu commended council members for attending the 4th Council Meeting, which is the first under his leadership as minister of communications.
Shittu said that the National Council on Communications like any other governmental sector council exists to facilitate inter-governmental consultations on ICT mattes and to avoid unnecessary disparities in developmental structures.
“This NCCT platform enables me, as the minister coordinating ICT development in the country to interact with the Commissioners in charge of ICT matters at the state level towards brainstorming on the optimal approach to ensure effective implementation of ICT policies across the country,’’ he said.

Continue Reading

Business

USTR Criticises Nigeria’s Import Ban On Agriculture, Others

Published

on

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.

Continue Reading

Business

Expert Seeks Cooperative-Driven Investments In Agriculture 

Published

on

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.

Continue Reading

Business

NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

Published

on

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

Continue Reading

Trending