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Japan Explores Investment Windows In Nigeria

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The Japan External Trade
Organisation (JETRO) says that Japanese companies are still eager to explore and expand trade opportunities in Nigeria in spite of economic recession in the country.
Trade Commissioner of JETRO, Mr Taku Miyazaki, disclosed this in a statement to newsmen in Lagos on Saturday.
JETRO is a Japanese government-related body that promotes trade and investment between Japan and other nations.
Miyazaki noted that the import from Japan to Nigeria in 2015 was 358.7 million dollars while export was 2,829 million dollars.
He said that the trade volume between Nigeria and Japan decreased significantly in 2015 due to forex scarcity and lower price of natural gas.
“Although, Nigeria is in the midst of a severe economic recession, many Japanese companies are still eager to tap into this attractive market to expand their business.
“About 28 Japanese exhibitors are presently showcasing their products and technologies within the Japan Pavilion at the ongoing Lagos International Trade Fair.
“Their durable products, developed with highly advanced technology can eventually give customers cost-saving merit as well.” Miyazaki said.
According to him, there has been an increasing trend of manufacturing among Japanese companies in Nigeria in the past years.
“Some of the exhibitors are not only selling their products but also producing here in Nigeria. CFAO Yamaha Motor Nigeria started assembling its motorcycles in Lagos last year.
“Olam Sanyo Foods, a joint venture of Japanese Sanyo Foods and Olam International in Singapore, is also producing instant noodles “Cherie” and “Mama Gold” in Lagos.
“Panasonic and Suzuki Motor have Nigerian partners to assemble their products locally and West African Seasoning has a long history of packing and selling “Ajinomoto” in this country.
“These companies are not just making and selling their products in Nigeria. They create jobs, educate staff, transfer technology and share values of Japanese craftsmanship.” he said.
The commissioner noted that Canon Nigeria Imaging Solutions recently established an office in Lagos to expand its business network in Nigeria.
Miyazaki quoted Mr Roman Troedthandl, Managing Director, Canon Central and North Africa, saying, “we came here to make a long term commitment to the Nigerian market.
“Although, Nigerian economy is now in a tough time, we are quite optimistic about the future business outlook and ready to serve Nigerian citizens’ quality of life with our cutting-edge products.”
Miyazaki said that the benefits of the Japanese companies presence in Nigeria would enhance industrial development, boost trade volume and contribute to the government’s diversification agenda.
“I hope more of Japanese companies come into this promising market. I also hope Nigerian government will make maximum effort to improve the business environment to attract these Japanese and other investors.” Miyazaki said.

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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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