Business
Advertisers Protest ARCON’s N3m Advert Vetting Fee
The Advertisers Association of Nigeria has expressed outrage at the decision by the Advertising Regulatory Council to impose a N3million vetting fee for advertisements produced outside Nigeria.
According to ADVAN’s President, Osamede Uwubanmwen, who stated this during an exclusive interview with The Tide’s source, the Federal Government’s decision to remove ARCON from the national budgetary allocation was driving the council towards an aggressive taxing regime that is stifling players in the advertising industry.
He also expressed dismaywashad yet to respond to a suit filed against it months after ADVAN challenged the legality of some of the provisions contained in the new ARCON law.
He said, “They came up with what they call special vetting fees. If you shoot an advert abroad, they’ll charge you N3m to vet it. We, as marketers, are not producing outside again. To a large extent, people have not read the new law.
“If we are not careful, we will be told to vet obituaries. They have not answered the suit we filed against them until today. They have not responded to the court in any way. So, they are not ready to address the matter in any way. So they can continue doing what they are doing.
He also expressed dismay that the regulatory body has yet to respond to a suit filed against it months after ADVAN challenged the legality of some of the provisions contained in the new ARCON law.
Speaking further, the ADVAN President lamented the negative effects some of the provisions of the new law were beginning to affect the Nigerian entertainment industry.
He recalled that the advertisers’ association had warned ARCON to reconsider its stance on banning the use of foreign models in local adverts, a warning which went unheeded.
He added, “As I speak to you now, I have heard that they have moved our Nollywood to limited time in some neighbouring countries. They are not showing it all the time, like before. I got this information from a media buyer that has companies outside Nigeria.
“So, I was telling them not to announce it. Don’t make the proclamation. So, when I said they should not do a model ban, they felt I was opposing it because I wanted to be going out to do shoots. But I said it because we have a relationship with other countries.”
him this week to outline the key concerns of the advertisers.
He also pointed out that despite repeated requests by ADVAN to the regulator to avail the association of the gazetted copy of the new law, the advertisers had yet to see the law upon which ARCON was embarking on a comprehensive sweep of the industry.
However, an ARCON source confirmed to The PUNCH that the gazetted law was available for purchase at the ARCON office in Lagos.
In recent months, ADVAN has been at loggerheads with its regulator over the stipulations in the new ARCON law, which replaced the code guiding advertising under the defunct Advertising Practitioners Council of Nigeria.
On its part, the regulator had insisted that the new law was imperative for the sanitisation of certain underhanded practices in the industry.
In an exclusive interview with The PUNCH, the Director-General of the ARCON, Olalekan Fadolapo, said the council would not give free rein to industry players to perpetrate shoddy and unethical practices.
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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