Business
NEITI To Open Data Procurement Process
The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will establish an Open Contracting Data Standard platform for procurement of goods and services.
Director, Communications, Dr. Orji Ogbonnaya Orji, in a statement on Monday in Abuja, said the online platform was to provide comprehensive public information and disclosure on all procurement opportunities and contracting information by NEITI to the general public.
He said that the decision was consistent with President Muhammadu Buhari’s commitment to agreements reached at the Anti-Corruption Summit held in London in 2016.
At the Summit, President Buhari had declared: “We will work towards full implementation of the principles of the Open Contracting Data Standard, focusing on major projects as an early priority.
“We will apply the Open Contracting Data Standard to the following major projects: Development of Refineries in the oil sector, building of Health Centres and improvement of Health Services.
“Others are building of roads and other infrastructure; building of schools and improving transparency in the management of education funds and investment in the power sector.’’
Adio expressed delight that NEITI was the first Federal Government agency to fully embrace Open Contracting Data Standard in line with the Public Procurement Act and bidding regulations of the Bureau of Public Procurement.
He said the online platform was to be hosted as a portal on the NEITI website.
He added that it would have a feedback component aimed at promoting transparency, accountability and value for money in public transactions.
Adio noted that the platform would enable NEITI to provide regular information and data to the public on all procurement opportunities, contracting processes and requirements.
He said the development came following recent ranking of NEITI by the Bureau of Public Service Reforms (BPSR) as one of the few Federal Government agencies.
He noted that it was making significant strides in good corporate governance, using the BPSR self-assessment tool for measurement.
He said that the reform tools NEITI ranked very high included integrity of its procurement process, corporate governance, change management, understanding and clarity of mandate and corporate strategy.
Others are performance and the ability of NEITI to align its plan and mandate with available resources in the discharge of its responsibilities.
He said as part of efforts to fully embrace corporate governance, NEITI recently unveiled a special portal to deepen its implementation of the Freedom of Information Act.
Nyager of PPDC welcomed the partnership between NEITI and her organisation in promoting an open, accountable, competitive procurement process to ensure efficiency and value for money in the procurement of goods, works and services.
Adio endorsed the MoU on behalf of the agency while Seember Nyager, the Chief Executive Officer of PPDC, signed on behalf of her organisation
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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