Business
Belemaoil Commits To Host Communities’ Dev …Inaugurates Trustees Board
Belemaoil Producing Limited has reiterated its commitment to ensuring the development of host communities in the impacted areas of its operations.
The company has consequently inaugurated the Host Community Development Trusts (HCDT) Board of Trustees, an act aimed at addressing the development needs of impacted communities in the oil-producing areas.
Delivering the Keynote Address at the Inauguration, held at Golden Tulip Hotel, Port Harcourt, Weekend, the Acting Managing Director, Belemaoil Producing Ltd, Collins Amadi, said the inauguration was targeted at fostering a harmonious and mutually beneficial relationship between the company and the host communities.
Represented by the Deputy Director, Belemaoil Producing Ltd, Sunday Akpoduado, Amadi said Belemaoil was not only poised to seamlessly integrate the oil bearing communities into the value chain, but comprehensively address their developmental needs.
In his words, “we want to effectively get in touch with you so that we can understand your needs and be able to attend to them
“As we all know, section 235 of the Petroleum Industry Act (PIA) empowers the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) with the responsibility of ensuring a conducive and peaceful environment for all stakeholders within the host communities.
“This is achieved through the implementation of the HCDT Board. Thus, today’s event signifies our unwavering commitment to fulfilling this mandate”.
Commending the representatives of the host communities and other partners for making the event a success, Amadi, however, challenged the host communities to take responsibility of the development of their areas and the nation.
Also speaking, the Chief Upstream Investment Officer, NNPC Upstream Investment Management Services (NUIMS), Bala .M. Wunti, noted that the HCDT, as established under the PIA 2021, reflected the government’s commitment to ensuring its operations benefit the host communities in tangible and long lasting ways.
Wunti said the inauguration has made history not only for the NNPCL/Belemaoil settlors, but for the entire host communities and the nation at large.
“The PIA provisions ensure the Nigerian Upstream host communities receive direct social and economic benefits from energy operations.
“In NNPC Limited, our vision for social intervention is to operate in an ethical and sustainable manner and deal with the environmental and social impacts occasioned by our activities”, he stated.
Wunti further lauded Belemaoil Producing Ltd for its commitment to the Corporate Social Responsibility (CSR) saying, “we look forward to seeing the intent of the HCDT being actualised for the benefit of the host communities and the nation at large”.
The inauguted Board of Trustees were the Kula Communities Host Community Development Trusts, with Chief David Emineye-Orlu and Datolu Sukubo as Chairman and Secretary; IDM Field Communities Host Community Development Trusts, having Ven. Innocent Karibo and Darego Tamunoprite Fubara as Chairman and Secretary; and the IDA Field Communities Host Community Development Trusts with Owunari Blakk and Mrs Mina Igonikon Abaroiwua as Chairman and Secretary respectively.
By: Lady Godknows Ogbulu
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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